Parkside Investments LLC raised its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 344.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,000 shares of the computer hardware maker's stock after acquiring an additional 6,200 shares during the quarter. Parkside Investments LLC's holdings in NVIDIA were worth $867,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. BTS Asset Management Inc. boosted its position in shares of NVIDIA by 9.5% during the first quarter. BTS Asset Management Inc. now owns 2,068 shares of the computer hardware maker's stock worth $224,000 after purchasing an additional 180 shares in the last quarter. RFG Holdings Inc. increased its holdings in NVIDIA by 4.1% during the 1st quarter. RFG Holdings Inc. now owns 15,986 shares of the computer hardware maker's stock worth $1,733,000 after purchasing an additional 634 shares in the last quarter. Thomasville National Bank increased its holdings in NVIDIA by 12.2% during the 1st quarter. Thomasville National Bank now owns 96,349 shares of the computer hardware maker's stock worth $10,442,000 after purchasing an additional 10,450 shares in the last quarter. Ballew Advisors Inc increased its holdings in NVIDIA by 131.9% during the 1st quarter. Ballew Advisors Inc now owns 8,250 shares of the computer hardware maker's stock worth $915,000 after purchasing an additional 4,692 shares in the last quarter. Finally, May Barnhard Investments LLC increased its holdings in NVIDIA by 52.0% during the 1st quarter. May Barnhard Investments LLC now owns 13,863 shares of the computer hardware maker's stock worth $1,502,000 after purchasing an additional 4,742 shares in the last quarter. 65.27% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other news, CFO Colette Kress sold 20,000 shares of the firm'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 transaction of $2,884,200.00. Following the transaction, the chief financial officer now directly owns 173,060 shares of the company's stock, valued at approximately $24,956,982.60. This trade represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert K. Burgess sold 50,000 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $134.82, for a total transaction of $6,741,000.00. Following the transaction, the director now directly owns 201,044 shares in the company, valued at $27,104,752.08. This represents a 19.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,468,863 shares of company stock worth $495,150,332 over the last three months. Insiders own 4.17% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have issued reports on NVDA shares. William Blair reiterated an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. Seaport Res Ptn upgraded NVIDIA to a "strong sell" rating in a report on Wednesday, April 30th. Wedbush reiterated an "outperform" rating on shares of NVIDIA in a report on Thursday, May 29th. Summit Insights upgraded NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday, May 29th. Finally, Susquehanna reiterated a "positive" rating and set a $180.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. One 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 company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $175.78.
View Our Latest Stock Analysis on NVIDIA
NVIDIA Trading Up 0.5%
Shares of NASDAQ:NVDA opened at $155.02 on Friday. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $156.72. The company has a market capitalization of $3.78 trillion, a P/E ratio of 50.01, a price-to-earnings-growth ratio of 1.36 and a beta of 2.12. The company has a 50-day simple moving average of $129.83 and a 200 day simple moving average of $126.89. 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 (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). The company had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The company's revenue was up 69.2% on a year-over-year basis. During the same quarter last year, the business earned $0.61 earnings per share. Sell-side analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.
NVIDIA Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be given a dividend of $0.01 per share. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's dividend payout ratio (DPR) 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.
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