Silver Oak Securities Incorporated lifted its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 118,771 shares of the computer hardware maker's stock after purchasing an additional 3,644 shares during the quarter. NVIDIA comprises 1.2% of Silver Oak Securities Incorporated's holdings, making the stock its 13th largest position. Silver Oak Securities Incorporated's holdings in NVIDIA were worth $13,026,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Wealth Group Ltd. grew its stake in shares of NVIDIA by 1.8% during the 4th quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock worth $766,000 after purchasing an additional 100 shares during the period. Tallon Kerry Patrick purchased a new stake in shares of NVIDIA in the fourth quarter valued at approximately $972,000. Ironwood Wealth Management LLC. increased its position in shares of NVIDIA by 1.6% in the fourth quarter. Ironwood Wealth Management LLC. now owns 6,483 shares of the computer hardware maker's stock valued at $871,000 after buying an additional 104 shares in the last quarter. Brighton Jones LLC increased its position in shares of NVIDIA by 12.4% in the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock valued at $43,631,000 after buying an additional 35,815 shares in the last quarter. Finally, Bank Pictet & Cie Europe AG increased its position in shares of NVIDIA by 1.0% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker's stock valued at $315,100,000 after buying an additional 22,929 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms have recently commented on NVDA. Rosenblatt Securities boosted their price objective on NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. UBS Group restated a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. HSBC cut NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective for the company. in a research report on Thursday, April 3rd. Hsbc Global Res cut NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Finally, Morgan Stanley boosted their price objective on NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have given a buy rating and four have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $182.03.
View Our Latest Analysis on NVIDIA
Insiders Place Their Bets
In other news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the completion of the transaction, the chief executive officer directly owned 75,548,225 shares of the company's stock, valued at approximately $11,524,126,241.50. This represents a 0.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Ajay K. Puri sold 168,195 shares of the company's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total value of $25,673,284.80. Following the transaction, the executive vice president directly owned 4,018,547 shares of the company's stock, valued at approximately $613,391,014.08. This represents a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,339,800 shares of company stock valued at $800,141,003. 4.17% of the stock is owned by insiders.
NVIDIA Stock Down 1.0%
NASDAQ NVDA traded down $1.80 during trading hours on Friday, hitting $176.07. 105,302,895 shares of the company were exchanged, compared to its average volume of 248,096,203. The company has a 50 day moving average of $154.45 and a two-hundred day moving average of $132.03. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $183.30. The firm has a market cap of $4.30 trillion, a price-to-earnings ratio of 56.78, a PEG ratio of 1.58 and a beta of 2.13.
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). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The company had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. During the same quarter last year, the company earned $0.61 EPS. NVIDIA's revenue for the quarter was up 69.2% compared to the same quarter last year. Equities research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.
NVIDIA Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's dividend payout ratio is currently 1.29%.
About NVIDIA
(
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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