Harbor Capital Advisors Inc. lessened its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 38.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 143,225 shares of the computer hardware maker's stock after selling 88,240 shares during the quarter. NVIDIA makes up about 0.7% of Harbor Capital Advisors Inc.'s holdings, making the stock its 13th largest position. Harbor Capital Advisors Inc.'s holdings in NVIDIA were worth $15,523,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Hickory Point Bank & Trust acquired a new position in shares of NVIDIA during the 4th quarter worth $2,272,000. BTC Capital Management Inc. raised its stake in NVIDIA by 2.3% in the 1st quarter. BTC Capital Management Inc. now owns 330,176 shares of the computer hardware maker's stock valued at $35,785,000 after purchasing an additional 7,476 shares during the last quarter. Capital Performance Advisors LLP raised its stake in NVIDIA by 59.3% in the 4th quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock valued at $3,586,000 after purchasing an additional 9,944 shares during the last quarter. Waddell & Associates LLC raised its stake in NVIDIA by 1.2% in the 4th quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker's stock valued at $3,240,000 after purchasing an additional 297 shares during the last quarter. Finally, Strategy Asset Managers LLC raised its stake in NVIDIA by 0.8% in the 4th quarter. Strategy Asset Managers LLC now owns 52,307 shares of the computer hardware maker's stock valued at $7,024,000 after purchasing an additional 405 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.
Analyst Ratings Changes
NVDA has been the subject of several analyst reports. Piper Sandler reissued an "overweight" rating and issued a $180.00 target price (up previously from $150.00) on shares of NVIDIA in a research note on Wednesday, May 28th. Mizuho boosted their target price on shares of NVIDIA from $168.00 to $170.00 and gave the company an "outperform" rating in a research note on Thursday, May 29th. DZ Bank raised shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. Bank of America boosted their target price on shares of NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $160.00 target price on shares of NVIDIA in a research note on Thursday, May 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-five have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $173.05.
Read Our Latest Stock Report on NVDA
Insiders Place Their Bets
In other NVIDIA news, Director Mark A. Stevens sold 935,000 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total value of $131,760,200.00. Following the completion of the transaction, the director now owns 9,214,697 shares in the company, valued at $1,298,535,101.24. This represents a 9.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the company's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $142.80, for a total value of $142,800,000.00. Following the completion of the transaction, the director now owns 26,671,360 shares of the company's stock, valued at approximately $3,808,670,208. This represents a 3.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,469,685 shares of company stock worth $349,669,962 in the last 90 days. 4.17% of the stock is owned by company insiders.
NVIDIA Stock Down 1.1%
Shares of NASDAQ:NVDA opened at $143.83 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $153.13. The stock has a market capitalization of $3.51 trillion, a P/E ratio of 46.40, a PEG ratio of 1.27 and a beta of 2.12. The stock has a 50-day simple moving average of $126.37 and a 200-day simple moving average of $126.43.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (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 for the quarter, compared to analysts' expectations of $43.09 billion. During the same quarter in the previous year, the firm posted $0.61 EPS. The firm's revenue for the quarter was up 69.2% compared to the same quarter last year. Equities analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.
NVIDIA Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's dividend payout ratio is presently 1.29%.
NVIDIA Company 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.
Further Reading
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