Shilanski & Associates Inc. Grows Position in NVIDIA Corporation (NASDAQ:NVDA)

Shilanski & Associates Inc. raised its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,655 shares of the computer hardware maker's stock after buying an additional 1,676 shares during the quarter. NVIDIA comprises about 1.3% of Shilanski & Associates Inc.'s portfolio, making the stock its 27th biggest holding. Shilanski & Associates Inc.'s holdings in NVIDIA were worth $4,298,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. FMR LLC grew its holdings in shares of NVIDIA by 0.7% in the fourth quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock valued at $134,877,735,000 after purchasing an additional 6,665,252 shares during the period. Geode Capital Management LLC grew its holdings in shares of NVIDIA by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker's stock valued at $74,439,273,000 after purchasing an additional 9,468,786 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of NVIDIA by 0.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker's stock valued at $55,237,367,000 after purchasing an additional 3,721,331 shares during the period. Norges Bank purchased a new stake in shares of NVIDIA in the fourth quarter valued at about $43,515,504,000. Finally, Northern Trust Corp grew its holdings in shares of NVIDIA by 15.8% in the fourth 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. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $167.03 on Wednesday. The firm's fifty day moving average price is $146.99 and its 200 day moving average price is $129.81. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $174.25. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The firm has a market cap of $4.08 trillion, a price-to-earnings ratio of 53.88, a price-to-earnings-growth ratio of 1.51 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results 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). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same period last year, the business posted $0.61 EPS. NVIDIA's revenue was up 69.2% compared to the same quarter last year. On average, sell-side analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is 1.29%.

Analysts Set New Price Targets

Several research analysts have weighed in on NVDA shares. Bank of America increased their target price on shares of NVIDIA from $180.00 to $220.00 in a research note on Wednesday, July 16th. Seaport Res Ptn raised shares of NVIDIA to a "strong sell" rating in a research note on Wednesday, April 30th. Phillip Securities raised shares of NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 14th. Barclays increased their price target on shares of NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 17th. Finally, The Goldman Sachs Group started coverage on shares of NVIDIA in a research report on Thursday, July 10th. They set a "buy" rating and a $185.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have assigned a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $181.22.

Insider Buying and Selling at NVIDIA

In other news, CFO Colette Kress sold 20,000 shares of the business's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $170.88, for a total transaction of $3,417,600.00. Following the completion of the sale, the chief financial officer owned 163,060 shares in the company, valued at approximately $27,863,692.80. The trade was a 10.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director A Brooke Seawell sold 48,792 shares of the business's stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $163.96, for a total value of $7,999,936.32. Following the transaction, the director directly owned 1,729,478 shares in the company, valued at $283,565,212.88. This trade represents a 2.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,964,800 shares of company stock worth $734,906,003 in the last 90 days. 4.17% of the stock is owned by company 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.

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