Quad Cities Investment Group LLC Acquires 2,959 Shares of NVIDIA Co. (NASDAQ:NVDA)

Quad Cities Investment Group LLC raised its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 13.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,566 shares of the computer hardware maker's stock after acquiring an additional 2,959 shares during the period. NVIDIA makes up 1.4% of Quad Cities Investment Group LLC's investment portfolio, making the stock its 19th largest position. Quad Cities Investment Group LLC's holdings in NVIDIA were worth $2,771,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tacita Capital Inc bought a new position in NVIDIA during the 4th quarter worth approximately $28,000. Vision Financial Markets LLC bought a new position in NVIDIA during the 4th quarter worth approximately $38,000. Luken Investment Analytics LLC bought a new position in NVIDIA during the 4th quarter worth approximately $40,000. Copia Wealth Management bought a new position in NVIDIA during the 4th quarter worth approximately $50,000. Finally, LSV Asset Management bought a new position in NVIDIA during the 4th quarter worth approximately $54,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on NVDA shares. Bank of America raised their price target on NVIDIA from $150.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Truist Financial lifted their price objective on NVIDIA from $205.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. KeyCorp set a $190.00 price objective on NVIDIA in a research report on Wednesday, March 19th. Hsbc Global Res lowered NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Finally, William Blair reiterated an "outperform" rating on shares of NVIDIA in a research report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-five have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and an average price target of $172.24.

NVIDIA Stock Up 1.9%

Shares of NVDA stock traded up $2.72 during mid-day trading on Monday, hitting $144.69. The company's stock had a trading volume of 181,933,268 shares, compared to its average volume of 276,004,024. NVIDIA Co. has a 52-week low of $86.62 and a 52-week high of $153.13. The business has a 50-day moving average price of $123.74 and a 200 day moving average price of $126.36. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The stock has a market cap of $3.53 trillion, a price-to-earnings ratio of 56.94, a PEG ratio of 1.76 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted 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). The firm had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm's revenue was up 69.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.61 EPS. Research analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be given 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 presently 1.29%.

Insider Activity at NVIDIA

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the company's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $142.80, for a total value of $142,800,000.00. Following the completion of the sale, the director now owns 26,671,360 shares in the company, valued at $3,808,670,208. This represents a 3.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Mark A. Stevens sold 190,000 shares of the company's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $142.51, for a total value of $27,076,900.00. Following the completion of the sale, the director now owns 8,855,848 shares of the company's stock, valued at approximately $1,262,046,898.48. The trade was a 2.10% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,560,845 shares of company stock worth $360,351,849. 4.17% of the stock is owned by insiders.

NVIDIA Profile

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.