Balasa Dinverno & Foltz LLC decreased its position in NVIDIA Co. (NASDAQ:NVDA) by 18.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,692 shares of the computer hardware maker’s stock after selling 1,690 shares during the period. Balasa Dinverno & Foltz LLC’s holdings in NVIDIA were worth $1,381,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the company. Harvest Group Wealth Management LLC acquired a new stake in shares of NVIDIA in the 1st quarter worth about $30,000. Truvestments Capital LLC acquired a new stake in shares of NVIDIA in the 1st quarter worth about $33,000. Creative Financial Designs Inc. ADV increased its holdings in shares of NVIDIA by 181.2% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 194 shares of the computer hardware maker’s stock worth $35,000 after acquiring an additional 125 shares during the period. TD Capital Management LLC acquired a new stake in shares of NVIDIA in the 4th quarter worth about $27,000. Finally, Paragon Capital Management LLC acquired a new stake in shares of NVIDIA in the 1st quarter worth about $36,000. 67.51% of the stock is currently owned by institutional investors and hedge funds.
In other NVIDIA news, Director Harvey C. Jones sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $145.10, for a total transaction of $14,510,000.00. Following the completion of the transaction, the director now owns 32,983 shares of the company’s stock, valued at approximately $4,785,833.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Debora Shoquist sold 5,823 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $185.00, for a total value of $1,077,255.00. Following the transaction, the executive vice president now directly owns 171,783 shares of the company’s stock, valued at approximately $31,779,855. The disclosure for this sale can be found here. 4.64% of the stock is currently owned by insiders.Shares of NVIDIA stock traded up $3.97 during trading on Thursday, reaching $163.23. The company’s stock had a trading volume of 10,502,775 shares, compared to its average volume of 13,993,321. The firm has a market capitalization of $99.41 billion, a PE ratio of 26.89, a P/E/G ratio of 3.85 and a beta of 2.03. NVIDIA Co. has a one year low of $124.46 and a one year high of $292.76. The company has a debt-to-equity ratio of 0.25, a current ratio of 8.98 and a quick ratio of 7.78. The stock has a 50-day moving average of $150.85.
NVIDIA (NASDAQ:NVDA) last posted its earnings results on Thursday, May 16th. The computer hardware maker reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.07. NVIDIA had a return on equity of 31.27% and a net margin of 30.68%. The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same period in the previous year, the company earned $2.05 EPS. The company’s revenue for the quarter was down 30.8% compared to the same quarter last year. Sell-side analysts forecast that NVIDIA Co. will post 4.19 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, May 31st were given a $0.16 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $0.64 annualized dividend and a dividend yield of 0.39%. NVIDIA’s dividend payout ratio is presently 10.54%.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of NVIDIA from a “strong sell” rating to a “hold” rating in a research report on Monday, April 1st. TheStreet upgraded shares of NVIDIA from a “c+” rating to a “b-” rating in a research report on Thursday, April 4th. BidaskClub upgraded shares of NVIDIA from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd. Mizuho reiterated a “buy” rating and issued a $195.00 target price on shares of NVIDIA in a report on Wednesday, March 13th. Finally, DZ Bank cut shares of NVIDIA to a “sell” rating and set a $170.00 target price for the company. in a report on Friday, April 12th. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-five have issued a buy rating to the stock. NVIDIA currently has a consensus rating of “Hold” and an average target price of $194.46.
NVIDIA Company Profile
NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.
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