Natixis Advisors L.P. increased its holdings in NVIDIA Co. (NASDAQ:NVDA) by 6.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 47,536 shares of the computer hardware maker’s stock after acquiring an additional 2,748 shares during the quarter. Natixis Advisors L.P.’s holdings in NVIDIA were worth $11,009,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the stock. Adirondack Trust Co. raised its stake in NVIDIA by 146.1% during the first quarter. Adirondack Trust Co. now owns 443 shares of the computer hardware maker’s stock valued at $100,000 after buying an additional 263 shares in the last quarter. Global Trust Asset Management LLC acquired a new stake in NVIDIA during the fourth quarter valued at approximately $116,000. Clearbridge Investments LLC raised its stake in NVIDIA by 100.0% during the fourth quarter. Clearbridge Investments LLC now owns 600 shares of the computer hardware maker’s stock valued at $116,000 after buying an additional 300 shares in the last quarter. D. Scott Neal Inc. raised its stake in NVIDIA by 152.1% during the first quarter. D. Scott Neal Inc. now owns 663 shares of the computer hardware maker’s stock valued at $154,000 after buying an additional 400 shares in the last quarter. Finally, Wagner Wealth Management LLC raised its stake in NVIDIA by 343.3% during the first quarter. Wagner Wealth Management LLC now owns 665 shares of the computer hardware maker’s stock valued at $154,000 after buying an additional 515 shares in the last quarter. Institutional investors and hedge funds own 65.00% of the company’s stock.
Several equities analysts have recently commented on NVDA shares. Vetr lowered NVIDIA from a “hold” rating to a “sell” rating and set a $234.76 target price for the company. in a report on Monday, January 29th. Goldman Sachs Group lowered NVIDIA from a “conviction-buy” rating to a “buy” rating and set a $281.00 target price for the company. in a report on Thursday, February 1st. BidaskClub lowered NVIDIA from a “strong-buy” rating to a “buy” rating in a report on Monday, February 5th. Susquehanna Bancshares reaffirmed a “neutral” rating and set a $200.00 target price (up from $185.00) on shares of NVIDIA in a report on Thursday, February 8th. Finally, Citigroup upped their target price on NVIDIA from $240.00 to $270.00 and gave the company a “buy” rating in a report on Friday, February 9th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. NVIDIA has a consensus rating of “Buy” and an average price target of $260.06.
In other news, insider Michael Byron sold 15,131 shares of the stock in a transaction on Monday, May 21st. The stock was sold at an average price of $245.02, for a total value of $3,707,397.62. Following the completion of the sale, the insider now owns 92,285 shares in the company, valued at $22,611,670.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Persis Drell sold 5,141 shares of the stock in a transaction on Wednesday, March 28th. The shares were sold at an average price of $220.73, for a total value of $1,134,772.93. Following the completion of the sale, the director now owns 20,963 shares of the company’s stock, valued at approximately $4,627,162.99. The disclosure for this sale can be found here. Insiders sold 91,100 shares of company stock valued at $22,416,103 in the last 90 days. Corporate insiders own 4.70% of the company’s stock.
NVDA opened at $249.28 on Friday. The company has a market capitalization of $151.31 billion, a price-to-earnings ratio of 53.38, a PEG ratio of 3.44 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 Co. has a 1-year low of $137.11 and a 1-year high of $260.50.
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 analysts’ consensus estimates of $1.47 by $0.58. NVIDIA had a return on equity of 52.18% and a net margin of 34.44%. The company had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $2.88 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The company’s quarterly revenue was up 65.6% compared to the same quarter last year. analysts predict that NVIDIA Co. will post 7.08 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Thursday, May 24th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, May 23rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.24%. NVIDIA’s payout ratio is currently 12.85%.
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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