Vontobel Holding Ltd. trimmed its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,172,501 shares of the computer hardware maker's stock after selling 211,007 shares during the period. NVIDIA makes up approximately 1.6% of Vontobel Holding Ltd.'s holdings, making the stock its 16th biggest holding. Vontobel Holding Ltd.'s holdings in NVIDIA were worth $452,216,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Wealth Group Ltd. increased its holdings in shares of NVIDIA by 1.8% in the fourth quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock valued at $766,000 after purchasing an additional 100 shares during the period. Tallon Kerry Patrick purchased a new position in NVIDIA in the fourth quarter valued at $972,000. Ironwood Wealth Management LLC. boosted its position in NVIDIA by 1.6% during the fourth quarter. Ironwood Wealth Management LLC. now owns 6,483 shares of the computer hardware maker's stock worth $871,000 after purchasing an additional 104 shares in the last quarter. Brighton Jones LLC boosted its position in NVIDIA by 12.4% during the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock worth $43,631,000 after purchasing an additional 35,815 shares in the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new position in NVIDIA during the fourth quarter worth approximately $145,796,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, Director Mark A. Stevens sold 935,000 shares of the stock in a transaction 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 sale, the director directly owned 9,214,697 shares in the company, valued at approximately $1,298,535,101.24. This represents a 9.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ajay K. Puri sold 168,195 shares of NVIDIA stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the sale, the executive vice president directly owned 4,018,547 shares in the company, valued at $613,391,014.08. This trade represents a 4.02% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,114,800 shares of company stock valued at $760,553,003. Insiders own 4.17% of the company's stock.
Analysts Set New Price Targets
NVDA has been the subject of a number of research reports. Piper Sandler reissued an "overweight" rating and set a $180.00 target price (up previously from $150.00) on shares of NVIDIA in a research note on Wednesday, May 28th. The Goldman Sachs Group started coverage on NVIDIA in a report on Thursday, July 10th. They issued a "buy" rating and a $185.00 price target for the company. Rosenblatt Securities upped their price objective on NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a report on Thursday, May 29th. Bank of America upped their price target on NVIDIA from $180.00 to $220.00 in a research note on Wednesday, July 16th. Finally, UBS Group reaffirmed a "buy" rating on shares of NVIDIA in a research note on Friday, May 23rd. One 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $181.22.
Check Out Our Latest Stock Report on NVIDIA
NVIDIA Stock Performance
Shares of NVDA stock opened at $173.50 on Friday. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $174.72. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The stock's 50-day moving average price is $150.95 and its 200 day moving average price is $130.93. The stock has a market capitalization of $4.23 trillion, a PE ratio of 55.97, a price-to-earnings-growth ratio of 1.53 and a beta of 2.13.
NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate 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 period last year, the firm earned $0.61 EPS. NVIDIA's revenue was up 69.2% compared to the same quarter last year. As a group, equities research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.
NVIDIA Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were issued a $0.01 dividend. This represents a $0.04 annualized dividend 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%.
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.
Further Reading
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