54,037 Shares in NVIDIA Co. (NASDAQ:NVDA) Acquired by Richard P Slaughter Associates Inc

Richard P Slaughter Associates Inc acquired a new position in NVIDIA Co. (NASDAQ:NVDA - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 54,037 shares of the computer hardware maker's stock, valued at approximately $5,857,000. NVIDIA makes up 1.4% of Richard P Slaughter Associates Inc's investment portfolio, making the stock its 13th biggest holding.

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

NVIDIA Stock Down 2.1%

Shares of NVDA traded down $3.03 during midday trading on Friday, reaching $141.97. 180,270,368 shares of the stock were exchanged, compared to its average volume of 276,376,708. NVIDIA Co. has a 52 week low of $86.62 and a 52 week high of $153.13. The company's 50 day moving average is $122.77 and its two-hundred day moving average is $126.38. The company has a market capitalization of $3.46 trillion, a P/E ratio of 55.87, a PEG ratio of 1.76 and a beta of 2.12. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

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 the consensus estimate of $0.87 by ($0.06). The business had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. NVIDIA's revenue was up 69.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.61 EPS. On average, sell-side analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is 1.29%.

Analyst Ratings Changes

NVDA has been the subject of a number of analyst reports. DZ Bank raised NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. Arete Research raised NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. KeyCorp set a $190.00 target price on NVIDIA in a research note on Wednesday, March 19th. Susquehanna reiterated a "positive" rating and set a $180.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Tigress Financial reaffirmed a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-five have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $172.24.

Insider Buying and Selling

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $525,600.00. Following the transaction, the insider now owns 479,428 shares of the company's stock, valued at $55,997,190.40. This represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Aarti S. Shah sold 20,000 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the sale, the director now owns 53,208 shares in the company, valued at $6,300,891.36. This trade represents a 27.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,560,845 shares of company stock valued at $360,351,849. 4.17% of the stock is owned by corporate insiders.

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.