Newman Dignan & Sheerar Inc. increased its stake in NVIDIA Co. (NASDAQ: NVDA – Get Rating) by 3.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). . The company held 10,051 shares of the hardware maker after acquiring 354 additional shares during the quarter. Newman Dignan & Sheerar Inc.’s holdings in NVIDIA were worth $2,743,000 at the end of the most recent period.
Other institutional investors have also recently bought and sold shares of the company. Disciplined Investments LLC acquired a new position in NVIDIA in the fourth quarter worth approximately $25,000. Rather & Kittrell Inc. acquired a new position in NVIDIA in the fourth quarter worth approximately $26,000. Advanced Research Investment Solutions LLC acquired a new position in NVIDIA in the fourth quarter worth approximately $29,000. Claremont Financial Group Inc. acquired a new position in NVIDIA in the fourth quarter worth approximately $29,000. Finally, IFS Advisors LLC acquired a new position in NVIDIA in the fourth quarter worth approximately $37,000. 55.19% of the shares are currently held by institutional investors.
In related news, manager John Dabiri sold 2,200 shares in a trade dated Friday, May 27. The stock was sold at an average price of $185.59, for a total transaction of $408,298.00. Following the sale, the director now owns 2,712 shares of the company, valued at approximately $503,320.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC’s website. Additionally, director Mark A. Stevens sold 113,850 shares in a trade dated Monday, June 13. The stock was sold at an average price of $158.03, for a total value of $17,991,715.50. Following the sale, the administrator now directly owns 2,596,493 shares of the company, valued at approximately $410,323,788.79. The disclosure of this sale can be found here. Insiders sold a total of 139,694 shares of the company worth $22,850,524 over the past three months. 4.04% of the shares are currently held by insiders.
Several brokerages have published reports on NVDA. Mizuho lowered its price target on NVIDIA from $345.00 to $290.00 and set a “buy” rating on the stock in a Thursday, May 26 research note. Robert W. Baird lowered his price target on NVIDIA from $225.00 to $165.00 and set a “neutral” rating on the stock in a Friday, May 27 research note. KeyCorp cut its price target on NVIDIA from $310.00 to $250.00 and set an “overweight” rating for the company in a Thursday, May 26 report. Truist Financial cut its price target on NVIDIA to $283.00 in a Thursday, May 26 report. Finally, Cowen reduced his price target on NVIDIA from $350.00 to $265.00 and set an “outperform” rating for the company in a Thursday, May 26 report. Seven investment analysts gave the stock a hold rating, twenty-seven issued a buy rating and one issued a strong buy rating for the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $270.97.
Shares of NASDAQ NVDA opened at $171.26 on Monday. NVIDIA Co. has a one-year low of $153.28 and a one-year high of $346.47. The company has a debt ratio of 0.42, a current ratio of 5.32 and a quick ratio of 4.75. The company’s fifty-day moving average price is $180.53 and its 200-day moving average price is $229.83. The stock has a market capitalization of $428.15 billion, a PE ratio of 45.91, a P/E/G ratio of 2.30 and a beta of 1.59.
NVIDIA (NASDAQ:NVDA – Get Rating) last released its quarterly results on Wednesday, May 25. The hardware maker reported EPS of $1.36 for the quarter, beating consensus analyst estimates of $1.29 by $0.07. NVIDIA had a return on equity of 43.81% and a net margin of 32.02%. The company posted revenue of $8.29 billion for the quarter, versus $8.09 billion expected by analysts. In the same quarter of the previous year, the company achieved EPS of $0.78. The company’s revenue for the quarter increased by 46.4% compared to the same quarter last year. As a group, stock analysts expect NVIDIA Co. to post EPS of 4.54 for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 1. Investors of record on Thursday, June 9 will receive a dividend of $0.04 per share. The ex-dividend date is Wednesday, June 8. This represents a dividend of $0.16 on an annualized basis and a yield of 0.09%. NVIDIA’s dividend payout ratio (DPR) is 4.29%.
About NVIDIA (Get an evaluation)
NVIDIA Corporation provides graphics, computing, and networking solutions in the United States, Taiwan, China, and around the world. The Company’s Graphics segment offers GeForce GPUs for games and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPU for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for creating 3D designs and virtual worlds.
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