Penbrook Management LLC Acquires Shares of 5,223 NVIDIA Co. (NASDAQ:NVDA)

Penbrook Management LLC purchased a new stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 5,223 shares of the computer hardware maker's stock, valued at approximately $566,000.

Several other hedge funds and other institutional investors have also modified their holdings of NVDA. Norges Bank acquired a new position in NVIDIA during the 4th quarter valued at about $43,515,504,000. Northern Trust Corp boosted its stake in NVIDIA by 15.8% during the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock valued at $35,782,134,000 after purchasing an additional 36,266,817 shares during the period. Proficio Capital Partners LLC boosted its stake in NVIDIA by 14,641.2% during the 4th quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker's stock valued at $4,656,682,000 after purchasing an additional 34,441,082 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in NVIDIA during the 4th quarter valued at about $2,987,733,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of NVIDIA by 11.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 200,898,191 shares of the computer hardware maker's stock worth $26,978,618,000 after acquiring an additional 20,494,402 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the transaction, the insider now directly owns 479,428 shares of the company's stock, valued at $55,997,190.40. This trade represents a 0.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mark A. Stevens sold 190,000 shares of NVIDIA stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $142.51, for a total transaction of $27,076,900.00. Following the transaction, the director now directly owns 8,855,848 shares of the company's stock, valued at $1,262,046,898.48. This represents a 2.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,614,169 shares of company stock valued at $366,510,238. Company insiders own 4.17% of the company's stock.

Analysts Set New Price Targets

NVDA has been the subject of a number of research analyst reports. Wedbush reaffirmed an "outperform" rating on shares of NVIDIA in a research note on Thursday, May 29th. Bank of America upped their price target on shares of NVIDIA from $150.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Morgan Stanley reaffirmed an "overweight" rating and issued a $170.00 price target (up from $160.00) on shares of NVIDIA in a research note on Thursday, May 29th. Seaport Res Ptn upgraded shares of NVIDIA to a "strong sell" rating in a report on Wednesday, April 30th. Finally, Barclays reiterated an "overweight" rating and issued a $170.00 target price (up from $155.00) on shares of NVIDIA in a report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $171.66.

NVIDIA Stock Performance

NASDAQ:NVDA traded down $1.13 during midday trading on Wednesday, reaching $142.83. The stock had a trading volume of 166,804,211 shares, compared to its average volume of 277,376,658. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA Co. has a 1-year low of $86.62 and a 1-year high of $153.13. The firm's fifty day simple moving average is $119.94 and its 200-day simple moving average is $126.23. The stock has a market capitalization of $3.49 trillion, a P/E ratio of 56.21, a PEG ratio of 1.76 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same period last year, the company earned $0.61 earnings per share. NVIDIA's revenue for the quarter was up 69.2% on a year-over-year basis. On average, equities research analysts forecast that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be issued a dividend of $0.01 per share. 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 payout ratio is 1.29%.

About NVIDIA

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.