Strategic Capital Advisers Inc. increases its equity holding in NVIDIA Co. (NASDAQ:NVDA)

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Strategic Capital Advisers Inc. increased its stake in NVIDIA Co. (NASDAQ: NVDA – Get Rating) stock by 3.3% during the first quarter, HoldingsChannel.com reports. The company held 5,777 shares of the hardware maker after acquiring an additional 182 shares during the period. Strategic Capital Advisers Inc.’s holdings in NVIDIA were worth $1,576,000 at the end of the last quarter.

A number of other big investors have also been buying and selling stocks recently. RS Crum Inc. increased its position in NVIDIA shares by 10.0% in the first quarter. RS Crum Inc. now owns 1,105 shares of the hardware maker worth $301,000 after acquiring 100 more shares in the last quarter. Keystone Wealth Services LLC increased its position in NVIDIA shares by 20.9% in the first quarter. Keystone Wealth Services LLC now owns 1,738 shares of the hardware maker worth $474,000 after acquiring 300 more shares last quarter. Pasadena Private Wealth LLC increased its position in NVIDIA shares by 13.2% in the first quarter. Pasadena Private Wealth LLC now owns 1,256 shares of the hardware maker worth $343,000 after acquiring 146 additional shares in the last quarter. Retirement Capital Strategies increased its position in NVIDIA shares by 23.4% in the first quarter. Retirement Capital Strategies now owns 1,074 shares of the hardware maker worth $231,000 after acquiring 204 more shares last quarter. Finally, Arbor Investment Advisors LLC increased its stake in NVIDIA by 22.0% in the 1st quarter. Arbor Investment Advisors LLC now owns 1,054 shares of the hardware maker valued at $288,000 after buying 190 additional shares in the last quarter. Hedge funds and other institutional investors own 55.19% of the company’s shares.

Insider activity

Separately, director John Dabiri sold 2,200 shares in a trade on Friday, May 27. The shares were sold at an average price of $185.59, for a total value of $408,298.00. Following completion of the transaction, the administrator now owns 2,712 shares of the company, valued at approximately $503,320.08. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, manager John Dabiri sold 2,200 shares in a trade dated Friday, May 27. The shares were sold at an average price of $185.59, for a total transaction of $408,298.00. Following the completion of the sale, the administrator now owns 2,712 shares of the company, valued at approximately $503,320.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available on 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 transaction of $17,991,715.50. Following the sale, the director now owns 2,596,493 shares of the company, valued at approximately $410,323,788.79. The disclosure of this sale can be found here. In the past 90 days, insiders have sold 139,694 shares of the company worth $22,850,524. 4.04% of the shares are currently held by company insiders.

NVIDIA price performance

NASDAQ:NVDA opened at $181.63 on Friday. The stock has a market capitalization of $454.08 billion, a P/E ratio of 48.69, a PEG ratio of 2.61 and a beta of 1.64. NVIDIA Co. has a one-year low of $140.55 and a one-year high of $346.47. The company has a fifty-day moving average price of $167.70 and a 200-day moving average price of $208.44. The company has a debt ratio of 0.42, a current ratio of 5.32 and a quick ratio of 4.75.

NVIDIA (NASDAQ:NVDA – Get Rating) last reported quarterly earnings data on Wednesday, May 25. The hardware maker reported earnings per share (EPS) of $1.18 for the quarter, beating analyst consensus estimates of $1.09 by $0.09. 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, compared to analysts’ expectations of $8.09 billion. In the same quarter a year earlier, the company posted EPS of $0.78. The company’s revenue increased 46.4% year over year. Analysts expect NVIDIA Co. to post earnings per share of 4.48 for the current year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 1. Shareholders of record on Thursday, June 9 received a dividend of $0.04. This represents a dividend of $0.16 on an annualized basis and a dividend yield of 0.09%. The ex-dividend date was Wednesday, June 8. NVIDIA’s dividend payout ratio is 4.29%.

Changes to analyst ratings

NVDA has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered its price target on NVIDIA shares from $190.00 to $175.00 in a Wednesday, July 20 report. Bank of America lowered its price target on NVIDIA shares from $270.00 to $220.00 and set a “buy” rating for the company in a Wednesday, June 29 report. The benchmark reaffirmed a “buy” rating and set a price target of $228.00 (vs. $365.00) on NVIDIA stock in a Thursday, May 26 report. Truist Financial lowered its price target on NVIDIA shares to $283.00 in a Thursday, May 26 report. Finally, JPMorgan Chase & Co. lowered its price target on NVIDIA shares from $350.00 to $285.00 in a Thursday, May 26 report. Seven analysts gave the stock a hold rating, twenty-five issued a buy rating and one issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus price target of $252.24.

NVIDIA Profile

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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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Institutional ownership by quarter for NVIDIA (NASDAQ:NVDA)



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