Wealth Enhancement Advisory Services LLC lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDA–Get Rating) by 5.3% in the 1st quarter,HoldingsChannel.comreports. The fund owned 48,117 shares of the computer hardware maker’s stock after acquiring an additional 2,406 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in NVIDIA were worth $13,159,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of NVIDIA during the 4th quarter worth about $6,279,217,000. BlackRock Inc. lifted its position in shares of NVIDIA by 2.1% during the 4th quarter. BlackRock Inc. now owns 177,839,722 shares of the computer hardware maker’s stock worth $52,304,441,000 after purchasing an additional 3,591,440 shares during the last quarter. TD Asset Management Inc. raised its holdings in NVIDIA by 56.5% in the 4th quarter. TD Asset Management Inc. now owns 5,846,984 shares of the computer hardware maker’s stock valued at $1,719,657,000 after acquiring an additional 2,111,668 shares in the last quarter. Cibc World Markets Corp raised its holdings in NVIDIA by 732.5% in the 4th quarter. Cibc World Markets Corp now owns 1,989,809 shares of the computer hardware maker’s stock valued at $585,223,000 after acquiring an additional 1,750,783 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in NVIDIA by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 41,888,133 shares of the computer hardware maker’s stock valued at $12,287,340,000 after acquiring an additional 1,505,461 shares in the last quarter. Institutional investors own 55.19% of the company’s stock.
Stock market
NVIDIA stockopened at $159.82 on Wednesday. NVIDIA Co. has a 52 week low of $153.28 and a 52 week high of $346.47. The company has a debt-to-equity ratio of 0.42, a quick ratio of 4.75 and a current ratio of 5.32. The stock has a market capitalization of $399.55 billion, a P/E ratio of 42.85, a PEG ratio of 2.30 and a beta of 1.59. The stock has a 50-day simple moving average of $178.31 and a 200 day simple moving average of $228.41.
NVIDIA (NASDAQ:NVDA–Get Rating) last issued its quarterly earnings data on Wednesday, May 25th. The computer hardware maker reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus 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 had revenue of $8.29 billion during the quarter, compared to analysts’ expectations of $8.09 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. The business’s revenue was up 46.4% on a year-over-year basis. Research analysts forecast that NVIDIA Co. will post 4.54 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 1st. Stockholders of record on Thursday, June 9th will be given a $0.04 dividend. The ex-dividend date of this dividend is Wednesday, June 8th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.10%. NVIDIA’s payout ratio is 4.29%.
In other NVIDIA news, Director Mark A. Stevens sold 113,850 shares of the business’s stock in a transaction that occurred on Monday, June 13th. 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 transaction, the director now directly owns 2,596,493 shares in the company, valued at $410,323,788.79. The sale was disclosed in a document filed with the SEC, which can be accessed throughthe SEC website. Also, EVPDebora Shoquistsold 23,644 shares of the business’s stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $188.23, for a total transaction of $4,450,510.12. Following the transaction, the executive vice president now owns 186,476 shares of the company’s stock, valued at $35,100,377.48. The disclosure for this sale can be foundhere. Over the last quarter, insiders sold 139,694 shares of company stock valued at $22,850,524. 4.04% of the stock is owned by company insiders.
Several research firms have commented on NVDA. Cowen cut their price target on NVIDIA from $350.00 to $265.00 in a report on Thursday, May 26th. JPMorgan Chase & Co. cut their price target on NVIDIA from $350.00 to $285.00 in a report on Thursday, May 26th. The Goldman Sachs Group began coverage on NVIDIA in a report on Monday, March 7th. They issued a “neutral” rating and a $245.00 price target for the company. Deutsche Bank Aktiengesellschaft cut their price target on NVIDIA from $255.00 to $190.00 in a report on Thursday, May 26th. Finally, Tigress Financial increased their target price on NVIDIA from $400.00 to $410.00 and gave the stock a “buy” rating in a report on Tuesday, March 29th. Seven research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $270.97.
NVIDIA Profile(Get Rating)
NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.
source：defenseworld
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