Breiter Capital Management Inc. bought a new stake in Nvidia (NASDAQ:NVDA) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,182 shares of the computer hardware maker’s stock, valued at approximately $274,000.
Several other large investors also recently added to or reduced their stakes in NVDA. Adirondack Trust Co. increased its position in shares of Nvidia by 146.1% in the first quarter. Adirondack Trust Co. now owns 443 shares of the computer hardware maker’s stock valued at $100,000 after acquiring an additional 263 shares during the last quarter. Global Trust Asset Management LLC bought a new stake in shares of Nvidia during the fourth quarter worth approximately $116,000. Clearbridge Investments LLC boosted its holdings in shares of Nvidia by 100.0% during the fourth quarter. Clearbridge Investments LLC now owns 600 shares of the computer hardware maker’s stock worth $116,000 after acquiring an additional 300 shares during the period. Crewe Advisors LLC bought a new stake in shares of Nvidia during the fourth quarter worth approximately $148,000. Finally, JFS Wealth Advisors LLC boosted its holdings in shares of Nvidia by 156.3% during the fourth quarter. JFS Wealth Advisors LLC now owns 820 shares of the computer hardware maker’s stock worth $159,000 after acquiring an additional 500 shares during the period. 66.89% of the stock is currently owned by institutional investors and hedge funds.
NVDA has been the subject of a number of research analyst reports. Bank of America restated a “buy” rating and set a $275.00 price objective (up previously from $251.00) on shares of Nvidia in a report on Friday, January 19th. Vetr cut Nvidia from a “hold” rating to a “sell” rating and set a $224.49 price objective for the company. in a report on Monday, January 22nd. Zacks Investment Research upgraded Nvidia from a “hold” rating to a “buy” rating and set a $262.00 price objective for the company in a report on Wednesday, January 24th. Goldman Sachs cut Nvidia from a “conviction-buy” rating to a “buy” rating and set a $281.00 price objective for the company. in a report on Thursday, February 1st. Finally, BidaskClub cut Nvidia from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 5th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $255.65.
Shares of Nvidia opened at $247.71 on Friday, according to MarketBeat. Nvidia has a one year low of $242.51 and a one year high of $248.51. The company has a market cap of $149.06 billion, a price-to-earnings ratio of 53.04, a PEG ratio of 3.38 and a beta of 1.52. The company has a debt-to-equity ratio of 0.26, a current ratio of 8.54 and a quick ratio of 7.82.
Nvidia (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, May 10th. The computer hardware maker reported $2.05 EPS for the quarter, beating the consensus estimate of $1.47 by $0.58. The business had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $2.88 billion. Nvidia had a net margin of 34.44% and a return on equity of 52.18%. The company’s revenue was up 65.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.85 earnings per share. sell-side analysts anticipate that Nvidia will post 7.08 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Thursday, May 24th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, May 23rd. This represents a $0.60 annualized dividend and a dividend yield of 0.24%. Nvidia’s dividend payout ratio (DPR) is presently 12.85%.
In other news, EVP Ajay K. Puri sold 38,676 shares of the company’s stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $255.36, for a total transaction of $9,876,303.36. Following the completion of the transaction, the executive vice president now directly owns 508,962 shares in the company, valued at $129,968,536.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Debora Shoquist sold 32,049 shares of the company’s stock in a transaction on Tuesday, March 27th. The stock was sold at an average price of $239.45, for a total transaction of $7,674,133.05. Following the transaction, the executive vice president now owns 201,796 shares of the company’s stock, valued at $48,320,052.20. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 624 shares of company stock valued at $10,998 and have sold 75,969 shares valued at $18,708,706. 4.70% of the stock is currently owned by corporate insiders.
Nvidia Company Profile
NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.
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