ST Germain D J Co. Inc. Purchases 74,425 Shares of NVIDIA Co. (NASDAQ:NVDA)

ST Germain D J Co. Inc. raised its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 396.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 93,182 shares of the computer hardware maker's stock after purchasing an additional 74,425 shares during the period. ST Germain D J Co. Inc.'s holdings in NVIDIA were worth $10,099,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of NVDA. Wealth Group Ltd. increased its position 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 in the last quarter. Tallon Kerry Patrick bought a new position in NVIDIA during the 4th quarter worth approximately $972,000. Capital & Planning LLC boosted its stake in NVIDIA by 16.9% during the 4th 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 last quarter. Ironwood Wealth Management LLC. boosted its stake in NVIDIA by 1.6% during the 4th quarter. Ironwood Wealth Management LLC. now owns 6,483 shares of the computer hardware maker's stock worth $871,000 after acquiring an additional 104 shares during the last quarter. Finally, ForthRight Wealth Management LLC raised its holdings in NVIDIA by 11.7% during the 4th quarter. ForthRight Wealth Management LLC now owns 2,867 shares of the computer hardware maker's stock worth $385,000 after buying an additional 301 shares during the period. 65.27% of the stock is owned by institutional investors.

Insider Buying and Selling

In other NVIDIA news, Director Aarti S. Shah sold 20,000 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the sale, the director now directly owns 53,208 shares of the company's stock, valued at $6,300,891.36. This represents a 27.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Tench Coxe sold 1,000,000 shares of the company's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $142.80, for a total value of $142,800,000.00. Following the sale, the director now owns 26,671,360 shares in the company, valued at approximately $3,808,670,208. This represents a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,560,845 shares of company stock valued at $360,351,849. 4.17% of the stock is owned by insiders.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $141.97 on Friday. The company has a fifty day moving average of $122.77 and a 200-day moving average of $126.44. The firm has a market capitalization of $3.46 trillion, a P/E ratio of 55.87, a P/E/G ratio of 1.76 and a beta of 2.12. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a twelve month low of $86.62 and a twelve month high of $153.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same period in the previous year, the business posted $0.61 EPS. The business's revenue for the quarter was up 69.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders 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 of this dividend is Wednesday, June 11th. NVIDIA's dividend payout ratio is 1.29%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on NVDA shares. Stifel Nicolaus set a $180.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. William Blair reiterated an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. Hsbc Global Res downgraded shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Wedbush reiterated an "outperform" rating on shares of NVIDIA in a research note on Thursday, May 29th. Finally, TD Cowen increased their target price on shares of NVIDIA from $140.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-five have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $172.24.

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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