Petredis Investment Advisors LLC lifted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 0.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 418,286 shares of the computer hardware maker's stock after buying an additional 2,539 shares during the period. NVIDIA makes up approximately 4.7% of Petredis Investment Advisors LLC's investment portfolio, making the stock its 6th biggest holding. Petredis Investment Advisors LLC's holdings in NVIDIA were worth $45,334,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. Wealth Group Ltd. boosted its holdings in 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 last quarter. Tallon Kerry Patrick acquired a new position in shares of NVIDIA in the 4th quarter valued at about $972,000. Capital & Planning LLC grew its holdings in NVIDIA by 16.9% during the fourth quarter. Capital & Planning LLC now owns 7,604 shares of the computer hardware maker's stock worth $1,021,000 after acquiring an additional 1,099 shares during the period. Ironwood Wealth Management LLC. raised 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 valued at $871,000 after acquiring an additional 104 shares in the last quarter. Finally, Brighton Jones LLC grew its stake in shares of NVIDIA by 12.4% during the 4th 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 during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at NVIDIA
In other news, Director A Brooke Seawell sold 54,467 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $146.88, for a total value of $8,000,112.96. Following the completion of the transaction, the director now owns 1,834,570 shares of the company's stock, valued at approximately $269,461,641.60. This trade represents a 2.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jen Hsun Huang sold 50,000 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $144.26, for a total transaction of $7,213,000.00. Following the sale, the chief executive officer now owns 75,723,225 shares in the company, valued at approximately $10,923,832,438.50. This trade represents a 0.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,393,863 shares of company stock valued at $483,709,832 in the last three months. 4.17% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
A number of brokerages recently issued reports on NVDA. UBS Group reissued a "buy" rating on shares of NVIDIA in a report on Friday, May 23rd. Loop Capital increased their target price on shares of NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday. Summit Insights upgraded NVIDIA from a "hold" rating to a "buy" rating in a research note on Thursday, May 29th. Rosenblatt Securities increased their price target on NVIDIA from $178.00 to $200.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $200.00 price objective on shares of NVIDIA in a research report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $175.78.
View Our Latest Report on NVDA
NVIDIA Trading Up 4.3%
Shares of NVIDIA stock traded up $6.41 on Wednesday, reaching $154.31. The company had a trading volume of 265,323,485 shares, compared to its average volume of 270,605,978. The firm's 50 day moving average price is $127.76 and its two-hundred day moving average price is $126.59. 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 Corporation has a 52-week low of $86.62 and a 52-week high of $154.98. The firm has a market cap of $3.77 trillion, a PE ratio of 49.78, a PEG ratio of 1.27 and a beta of 2.12.
NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (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 firm had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. During the same period in the previous year, the firm earned $0.61 EPS. The firm's revenue for the quarter was up 69.2% compared to the same quarter last year. Sell-side analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.
NVIDIA Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors 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 yield of 0.03%. The ex-dividend date is Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is 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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