Swisher Financial Concepts Inc. increased its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 65.5% during the first quarter, according to its most recent filing with the SEC. The fund owned 6,372 shares of the computer hardware maker's stock after buying an additional 2,521 shares during the quarter. Swisher Financial Concepts Inc.'s holdings in NVIDIA were worth $691,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the company. DiNuzzo Private Wealth Inc. grew its stake in shares of NVIDIA by 0.8% in the 4th quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker's stock worth $1,157,000 after buying an additional 71 shares during the last quarter. Baker Boyer National Bank raised its position in NVIDIA by 3.3% in the fourth quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker's stock worth $323,000 after acquiring an additional 76 shares during the period. SC&H Financial Advisors Inc. raised its stake in shares of NVIDIA by 1.6% in the fourth quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker's stock worth $681,000 after buying an additional 80 shares during the period. DecisionPoint Financial LLC raised its holdings in NVIDIA by 2.9% during the fourth quarter. DecisionPoint Financial LLC now owns 2,878 shares of the computer hardware maker's stock valued at $386,000 after acquiring an additional 80 shares during the period. Finally, Matthew Goff Investment Advisor LLC boosted its holdings in shares of NVIDIA by 0.7% during the 4th quarter. Matthew Goff Investment Advisor LLC now owns 11,496 shares of the computer hardware maker's stock valued at $1,544,000 after purchasing an additional 84 shares during the last quarter. 65.27% of the stock is owned by institutional investors.
Insider Transactions at NVIDIA
In related news, Director Mark A. Stevens sold 190,000 shares of the stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $142.51, for a total value of $27,076,900.00. Following the completion of the transaction, the director now owns 8,855,848 shares of the company's stock, valued at $1,262,046,898.48. This represents a 2.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Aarti S. Shah sold 20,000 shares of the company's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the completion of the transaction, the director now directly owns 53,208 shares of the company's stock, valued at approximately $6,300,891.36. The trade was a 27.32% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,560,845 shares of company stock valued at $360,351,849. 4.17% of the stock is owned by corporate insiders.
NVIDIA Price Performance
NVIDIA stock opened at $141.97 on Friday. NVIDIA Co. has a 1 year low of $86.62 and a 1 year high of $153.13. The business has a 50-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 PEG ratio of 1.76 and a beta of 2.12. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.
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 for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same quarter in the previous year, the firm posted $0.61 earnings per share. NVIDIA's quarterly revenue was up 69.2% on a year-over-year basis. On average, equities analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.
NVIDIA Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is currently 1.29%.
Analyst Ratings Changes
Several research analysts have commented on NVDA shares. Benchmark reaffirmed a "buy" rating and set a $190.00 price objective on shares of NVIDIA in a research note on Thursday, May 29th. Tigress Financial restated a "buy" rating on shares of NVIDIA in a research report on Wednesday, February 26th. Cantor Fitzgerald reiterated an "overweight" rating and set a $200.00 price objective on shares of NVIDIA in a research note on Wednesday, April 16th. Barclays reiterated an "overweight" rating and issued a $170.00 price objective (up from $155.00) on shares of NVIDIA in a report on Thursday, May 29th. Finally, Mizuho raised their price target on shares of NVIDIA from $168.00 to $170.00 and gave the company an "outperform" rating in a research report on Thursday, May 29th. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-five have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $172.24.
Check Out Our Latest Stock Report on NVDA
NVIDIA 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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