BSW Wealth Partners reduced its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 7.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 70,630 shares of the computer hardware maker's stock after selling 5,914 shares during the quarter. NVIDIA accounts for approximately 1.2% of BSW Wealth Partners' holdings, making the stock its 16th largest holding. BSW Wealth Partners' holdings in NVIDIA were worth $7,655,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the stock. FMR LLC grew its stake in NVIDIA by 0.7% during the 4th quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock valued at $134,877,735,000 after purchasing an additional 6,665,252 shares in the last quarter. Geode Capital Management LLC grew its stake in NVIDIA by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker's stock valued at $74,439,273,000 after purchasing an additional 9,468,786 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in NVIDIA by 0.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker's stock valued at $55,237,367,000 after purchasing an additional 3,721,331 shares in the last quarter. Norges Bank acquired a new stake in NVIDIA during the 4th quarter valued at approximately $43,515,504,000. Finally, Northern Trust Corp grew its stake in NVIDIA by 15.8% during the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock valued at $35,782,134,000 after purchasing an additional 36,266,817 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at NVIDIA
In other news, CFO Colette Kress sold 27,650 shares of the business's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $170.89, for a total transaction of $4,725,108.50. Following the sale, the chief financial officer directly owned 2,984,516 shares of the company's stock, valued at $510,023,939.24. The trade was a 0.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director A Brooke Seawell sold 48,792 shares of the business's stock in a transaction on Monday, July 14th. The stock was sold at an average price of $163.96, for a total value of $7,999,936.32. Following the sale, the director directly owned 1,729,478 shares in the company, valued at $283,565,212.88. This trade represents a 2.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,114,800 shares of company stock valued at $760,553,003 over the last three months. Company insiders own 4.17% of the company's stock.
NVIDIA Price Performance
Shares of NVDA traded up $2.96 during midday trading on Thursday, reaching $173.74. The stock had a trading volume of 128,399,672 shares, compared to its average volume of 165,568,240. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $174.25. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The firm's 50 day moving average price is $150.19 and its 200-day moving average price is $130.70. The company has a market capitalization of $4.24 trillion, a P/E ratio of 56.05, a P/E/G ratio of 1.50 and a beta of 2.13.
NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the prior year, the firm posted $0.61 EPS. The firm's quarterly revenue was up 69.2% on a year-over-year basis. On average, analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.
NVIDIA Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.
Analysts Set New Price Targets
NVDA has been the subject of a number of recent analyst reports. Oppenheimer raised their price objective on NVIDIA from $175.00 to $200.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Jefferies Financial Group raised their price objective on NVIDIA from $185.00 to $200.00 in a research note on Wednesday, July 16th. Hsbc Global Res lowered NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Needham & Company LLC lifted their target price on NVIDIA from $160.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Finally, Loop Capital lifted their target price on NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have issued a buy rating and four have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $181.22.
Read Our Latest Research Report on NVDA
NVIDIA Profile
(
Free Report)
NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.
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