Sigma Investment Counselors Inc. increased its stake in NVIDIA Co. (NASDAQ: NVDA – Get Rating) stock by 2.0% during Q1, according to its most recent Form 13F filing with the SEC. The fund held 24,530 shares of the hardware maker after buying an additional 486 shares during the period. Sigma Investment Counselors Inc.’s holdings in NVIDIA were worth $6,693,000 when it last filed with the SEC.
Several other hedge funds have also recently changed their holdings in NVDA. Disciplined Investments LLC bought a new position in NVIDIA in the fourth quarter worth about $25,000. Rather & Kittrell Inc. bought a new position in NVIDIA in the fourth quarter worth about $26,000. Advanced Research Investment Solutions LLC bought a new position in NVIDIA in the fourth quarter worth about $29,000. Claremont Financial Group Inc. bought a new position in NVIDIA in the fourth quarter worth about $29,000. Finally, IFS Advisors LLC acquired a new equity stake from NVIDIA in the fourth quarter valued at approximately $37,000. 55.19% of the shares are currently held by institutional investors and hedge funds.
Several brokerages have commented on NVDA. Needham & Company LLC lowered its price target on NVIDIA stock from $400.00 to $240.00 and set a “buy” rating on the stock in a Thursday, May 26 research note. Bank of America lowered its price target on NVIDIA shares from $270.00 to $220.00 and placed a “buy” rating on the stock in a research note on Wednesday. Citigroup lowered its price target on NVIDIA shares from $350.00 to $315.00 and set a “buy” rating on the stock in a Thursday, May 26 research note. KeyCorp lowered its price target on NVIDIA shares from $310.00 to $250.00 and set an “overweight” rating on the stock in a Thursday, May 26 research note. Finally, Robert W. Baird lowered his price target on NVIDIA stock from $225.00 to $165.00 and set a “neutral” rating on the stock in a Friday, May 27 research note. Seven research analysts gave the stock a hold rating, twenty-six gave the company a buy rating and one gave the company a strong buy rating. Based on MarketBeat data, NVIDIA has an average rating of “Moderate Buy” and a consensus price target of $266.41.
NVIDIA stock opened at $145.23 on Friday. The company has a 50-day moving average price of $175.12 and a 200-day moving average price of $226.04. NVIDIA Co. has a 52-week low of $143.92 and a 52-week high of $346.47. The company has a debt ratio of 0.42, a quick ratio of 4.75 and a current ratio of 5.32. The company has a market capitalization of $363.08 billion, a price/earnings ratio of 38.94, a P/E/G ratio of 2.30 and a beta of 1.59.
NVIDIA (NASDAQ:NVDA – Get Rating) last released quarterly earnings data on Wednesday, May 25. The hardware maker reported EPS of $1.36 for the quarter, beating analyst consensus estimates of $1.29 by $0.07. NVIDIA had a net margin of 32.02% and a return on equity of 43.81%. The company posted revenue of $8.29 billion in the quarter, versus analyst estimates of $8.09 billion. In the same quarter last year, the company posted EPS of $0.78. The company’s revenue increased 46.4% year over year. Stock analysts expect NVIDIA Co. to post earnings per share of 4.54 for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 1. Shareholders of record on Thursday, June 9 received a dividend of $0.04 per share. This represents a dividend of $0.16 on an annualized basis and a dividend yield of 0.11%. The ex-dividend date was Wednesday, June 8. NVIDIA’s dividend payout ratio (DPR) is currently 4.29%.
In other NVIDIA news, Director Mark A. Stevens sold 113,850 NVIDIA shares in a trade on Monday, June 13. The shares were sold at an average price of $158.03, for a total transaction of $17,991,715.50. Following the completion of the sale, the director now owns 2,596,493 shares of the company, valued at approximately $410,323,788.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Additionally, director John Dabiri sold 2,200 NVIDIA shares in a trade on Friday, May 27. The shares were sold at an average price of $185.59, for a total transaction of $408,298.00. Following the sale, the director now directly owns 2,712 shares of the company, valued at approximately $503,320.08. The disclosure of this sale can be found here. Insiders sold a total of 139,694 shares of the company valued at $22,850,524 over the past three months. Insiders of the company hold 4.04% of the shares of the company.
NVIDIA Company Profile (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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