Strategic Planning Group LLC reduced its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 18.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 166,332 shares of the computer hardware maker's stock after selling 38,363 shares during the quarter. NVIDIA accounts for 3.5% of Strategic Planning Group LLC's holdings, making the stock its 4th biggest position. Strategic Planning Group LLC's holdings in NVIDIA were worth $18,027,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in NVDA. Wealth Group Ltd. lifted its stake in NVIDIA by 1.8% in the 4th quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock worth $766,000 after acquiring an additional 100 shares in the last quarter. Tallon Kerry Patrick purchased a new position in NVIDIA during the fourth quarter valued at approximately $972,000. Capital & Planning LLC increased its stake in NVIDIA by 16.9% in the 4th quarter. Capital & Planning LLC now owns 7,604 shares of the computer hardware maker's stock valued at $1,021,000 after buying an additional 1,099 shares during the period. Ironwood Wealth Management LLC. lifted its position in NVIDIA by 1.6% in the 4th quarter. Ironwood Wealth Management LLC. now owns 6,483 shares of the computer hardware maker's stock worth $871,000 after buying an additional 104 shares in the last quarter. Finally, Mustard Seed Financial LLC boosted its stake in shares of NVIDIA by 0.5% during the 4th quarter. Mustard Seed Financial LLC now owns 29,097 shares of the computer hardware maker's stock valued at $3,907,000 after buying an additional 148 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.
NVIDIA Price Performance
Shares of NVDA stock traded up $2.50 during trading hours on Monday, hitting $144.47. The company had a trading volume of 41,888,718 shares, compared to its average volume of 275,466,294. NVIDIA Co. has a 12 month low of $86.62 and a 12 month high of $153.13. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The firm's fifty day moving average is $122.77 and its 200 day moving average is $126.32. The firm has a market capitalization of $3.53 trillion, a price-to-earnings ratio of 56.94, a PEG ratio of 1.76 and a beta of 2.12.
NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). The company had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. NVIDIA's quarterly revenue was up 69.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.61 EPS. On average, sell-side analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.
NVIDIA Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors 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 yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's dividend payout ratio is currently 1.29%.
Analysts Set New Price Targets
Several analysts recently issued reports on NVDA shares. HSBC lowered NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective for the company. in a report on Thursday, April 3rd. Tigress Financial restated a "buy" rating on shares of NVIDIA in a research note on Wednesday, February 26th. DA Davidson lifted their price objective on shares of NVIDIA from $120.00 to $135.00 and gave the company a "neutral" rating in a research note on Thursday, May 29th. KeyCorp set a $190.00 target price on NVIDIA in a report on Wednesday, March 19th. Finally, Rosenblatt Securities increased their price objective on NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-five have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $172.24.
View Our Latest Analysis on NVDA
Insider Buying and Selling at NVIDIA
In other news, Director Mark A. Stevens sold 190,000 shares of the firm's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $142.51, for a total value of $27,076,900.00. Following the completion of the sale, the director now directly owns 8,855,848 shares in the company, valued at approximately $1,262,046,898.48. This trade represents a 2.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA 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 completion of the transaction, the director now directly owns 26,671,360 shares of the company's stock, valued at $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. Insiders have sold a total of 2,560,845 shares of company stock worth $360,351,849 over the last ninety days. Corporate insiders own 4.17% of the company's stock.
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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