Stonegate Investment Group LLC boosted its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 153,529 shares of the computer hardware maker's stock after buying an additional 1,685 shares during the period. Stonegate Investment Group LLC's holdings in NVIDIA were worth $16,639,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of the business. Retirement Planning Group LLC NY grew its position in shares of NVIDIA by 52.1% during the 1st quarter. Retirement Planning Group LLC NY now owns 4,512 shares of the computer hardware maker's stock valued at $489,000 after purchasing an additional 1,546 shares in the last quarter. Perfromance Wealth Partners LLC grew its position in shares of NVIDIA by 2.8% during the 1st quarter. Perfromance Wealth Partners LLC now owns 1,350,341 shares of the computer hardware maker's stock valued at $146,350,000 after purchasing an additional 36,468 shares in the last quarter. Mayport LLC grew its position in shares of NVIDIA by 4.5% during the 1st quarter. Mayport LLC now owns 20,355 shares of the computer hardware maker's stock valued at $2,206,000 after purchasing an additional 880 shares in the last quarter. Denver Wealth Management Inc. grew its position in shares of NVIDIA by 431.3% during the 1st quarter. Denver Wealth Management Inc. now owns 14,207 shares of the computer hardware maker's stock valued at $1,540,000 after purchasing an additional 11,533 shares in the last quarter. Finally, Worth Financial Advisory Group LLC grew its position in shares of NVIDIA by 10.6% during the 1st quarter. Worth Financial Advisory Group LLC now owns 24,397 shares of the computer hardware maker's stock valued at $2,644,000 after purchasing an additional 2,337 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. Stifel Nicolaus set a $180.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Rosenblatt Securities boosted their price target on shares of NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Piper Sandler reaffirmed an "overweight" rating and set a $180.00 price objective (up from $150.00) on shares of NVIDIA in a report on Wednesday, May 28th. Citigroup lifted their price objective on shares of NVIDIA from $180.00 to $190.00 and gave the stock a "buy" rating in a report on Monday. Finally, William Blair reaffirmed an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $176.47.
View Our Latest Research Report on NVIDIA
Insider Activity
In other news, Director Tench Coxe sold 1,000,000 shares of the company's stock in a transaction that occurred on 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 transaction, the director owned 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Ajay K. Puri sold 168,195 shares of the company's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the completion of the transaction, the executive vice president owned 4,018,547 shares in the company, valued at approximately $613,391,014.08. This represents a 4.02% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,296,844 shares of company stock worth $624,019,677. Corporate insiders own 4.17% of the company's stock.
NVIDIA Price Performance
Shares of NVDA opened at $162.88 on Thursday. The stock has a market cap of $3.97 trillion, a PE ratio of 52.54, a price-to-earnings-growth ratio of 1.42 and a beta of 2.13. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $164.42. The firm's 50-day simple moving average is $139.47 and its two-hundred day simple moving average is $128.43.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its 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). The firm had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The company's quarterly revenue was up 69.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.61 EPS. Analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.
NVIDIA Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were paid a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. NVIDIA's dividend payout ratio is presently 1.29%.
NVIDIA Company Profile
(
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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