JBR Co Financial Management Inc lifted its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 0.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 200,385 shares of the computer hardware maker's stock after buying an additional 1,808 shares during the quarter. NVIDIA comprises about 12.7% of JBR Co Financial Management Inc's holdings, making the stock its largest position. JBR Co Financial Management Inc's holdings in NVIDIA were worth $21,718,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Marino Stram & Associates LLC boosted its position in shares of NVIDIA by 8.4% during the 1st quarter. Marino Stram & Associates LLC now owns 9,386 shares of the computer hardware maker's stock worth $1,017,000 after purchasing an additional 728 shares in the last quarter. PUREfi Wealth LLC boosted its holdings in NVIDIA by 24.5% during the 1st quarter. PUREfi Wealth LLC now owns 9,209 shares of the computer hardware maker's stock worth $998,000 after acquiring an additional 1,811 shares during the last quarter. BlueSky Wealth Advisors LLC grew its position in NVIDIA by 0.5% in the 1st quarter. BlueSky Wealth Advisors LLC now owns 53,539 shares of the computer hardware maker's stock worth $5,803,000 after purchasing an additional 252 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its holdings in NVIDIA by 243.5% during the first quarter. Kingswood Wealth Advisors LLC now owns 1,220,279 shares of the computer hardware maker's stock worth $133,942,000 after acquiring an additional 865,068 shares during the period. Finally, Ayalon Insurance Comp Ltd. raised its position in NVIDIA by 20.3% in the first quarter. Ayalon Insurance Comp Ltd. now owns 62,725 shares of the computer hardware maker's stock worth $6,799,000 after acquiring an additional 10,569 shares during the period. 65.27% of the stock is owned by institutional investors.
NVIDIA Stock Down 0.7%
NVDA stock traded down $1.10 during midday trading on Monday, hitting $158.24. The company's stock had a trading volume of 139,752,171 shares, compared to its average volume of 267,843,050. The firm's 50-day moving average is $136.38 and its 200-day moving average is $127.81. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $160.98. The company has a market cap of $3.86 trillion, a PE ratio of 51.05, a P/E/G ratio of 1.41 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 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 company had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter in the prior year, the firm earned $0.61 earnings per share. The business's revenue was up 69.2% compared to the same quarter last year. On average, equities research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.
NVIDIA Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA's dividend payout ratio is currently 1.29%.
Insider Buying and Selling at NVIDIA
In related news, Director Mark A. Stevens sold 935,000 shares of NVIDIA stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the transaction, the director directly owned 9,214,697 shares in the company, valued at approximately $1,298,535,101.24. The trade was a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the business's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $142.80, for a total value of $142,800,000.00. Following the transaction, the director owned 26,671,360 shares of the company's stock, valued at approximately $3,808,670,208. This trade represents a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,044,919 shares of company stock valued at $584,414,209 over the last three months. Insiders own 4.17% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on NVDA. Summit Insights upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a research note on Thursday, May 29th. Bank of America upped their price objective on shares of NVIDIA from $150.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Seaport Res Ptn upgraded shares of NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. Barclays increased their price target on shares of NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, June 17th. Finally, Citigroup raised their price objective on NVIDIA from $180.00 to $190.00 and gave the company a "buy" rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and an average target price of $176.47.
Check Out Our Latest Research Report on NVIDIA
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.
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