Dover Advisors LLC increased its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 84.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,352 shares of the computer hardware maker's stock after purchasing an additional 2,452 shares during the period. Dover Advisors LLC's holdings in NVIDIA were worth $580,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Avaii Wealth Management LLC grew its position in NVIDIA by 33.6% in the 1st quarter. Avaii Wealth Management LLC now owns 67,059 shares of the computer hardware maker's stock worth $7,268,000 after purchasing an additional 16,854 shares during the last quarter. CRA Financial Services LLC boosted its position in shares of NVIDIA by 5.0% during the first quarter. CRA Financial Services LLC now owns 121,668 shares of the computer hardware maker's stock worth $13,186,000 after buying an additional 5,835 shares during the period. Armbruster Capital Management Inc. boosted its position in shares of NVIDIA by 53.9% during the first quarter. Armbruster Capital Management Inc. now owns 2,355 shares of the computer hardware maker's stock worth $255,000 after buying an additional 825 shares during the period. IAG Wealth Partners LLC grew its holdings in NVIDIA by 6.9% in the 1st quarter. IAG Wealth Partners LLC now owns 5,015 shares of the computer hardware maker's stock worth $544,000 after buying an additional 325 shares in the last quarter. Finally, Robbins Farley increased its position in NVIDIA by 0.4% in the 1st quarter. Robbins Farley now owns 64,590 shares of the computer hardware maker's stock valued at $7,000,000 after acquiring an additional 239 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.
Insider Buying and Selling
In other NVIDIA news, CFO Colette Kress sold 20,000 shares of the business's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $144.21, for a total value of $2,884,200.00. Following the completion of the sale, the chief financial officer now directly owns 173,060 shares of the company's stock, valued at $24,956,982.60. The trade was a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director A Brooke Seawell sold 55,282 shares of the stock in a transaction on Friday, June 20th. The stock was sold at an average price of $144.71, for a total transaction of $7,999,858.22. Following the transaction, the director now owns 1,944,718 shares in the company, valued at approximately $281,420,141.78. This trade represents a 2.76% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,792,267 shares of company stock worth $544,823,117. Corporate insiders own 4.17% of the company's stock.
Analyst Ratings Changes
Several research analysts have recently issued reports on the company. Loop Capital increased their price target on NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. HSBC lowered shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 target price for the company. in a research report on Thursday, April 3rd. Hsbc Global Res downgraded shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Benchmark reaffirmed a "buy" rating and issued a $190.00 price target on shares of NVIDIA in a research note on Thursday, May 29th. Finally, Summit Insights upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a research note on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $175.78.
Check Out Our Latest Report on NVIDIA
NVIDIA Trading Up 1.8%
NASDAQ:NVDA opened at $157.75 on Monday. The stock has a market cap of $3.85 trillion, a PE ratio of 50.89, a price-to-earnings-growth ratio of 1.40 and a beta of 2.12. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $158.71. 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 stock's 50-day moving average is $130.96 and its two-hundred day moving average is $126.89.
NVIDIA (NASDAQ:NVDA - Get Free Report) last announced 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 net margin of 51.69% and a return on equity of 105.09%. The company had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. During the same period in the previous year, the firm posted $0.61 earnings per share. The business's revenue for the quarter was up 69.2% on a year-over-year basis. As a group, equities research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.
NVIDIA Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date is 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.
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