CMH Wealth Management LLC Grows Holdings in NVIDIA Co. (NVDA)

CMH Wealth Management LLC raised its stake in NVIDIA Co. (NASDAQ:NVDA) by 1.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,975 shares of the computer hardware maker’s stock after buying an additional 100 shares during the quarter. CMH Wealth Management LLC’s holdings in NVIDIA were worth $1,791,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Blue Fin Capital Inc. boosted its holdings in shares of NVIDIA by 22.3% during the 3rd quarter. Blue Fin Capital Inc. now owns 4,671 shares of the computer hardware maker’s stock worth $1,313,000 after buying an additional 853 shares during the period. Man Group plc boosted its holdings in shares of NVIDIA by 5.6% during the 3rd quarter. Man Group plc now owns 37,977 shares of the computer hardware maker’s stock worth $10,673,000 after buying an additional 2,028 shares during the period. EP Wealth Advisors LLC bought a new stake in shares of NVIDIA during the 3rd quarter worth $347,000. Putnam Investments LLC boosted its holdings in shares of NVIDIA by 0.5% during the 3rd quarter. Putnam Investments LLC now owns 416,767 shares of the computer hardware maker’s stock worth $117,120,000 after buying an additional 1,919 shares during the period. Finally, Wakefield Asset Management LLLP bought a new stake in shares of NVIDIA during the 3rd quarter worth $4,202,000. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Several analysts recently issued reports on NVDA shares. Zacks Investment Research raised shares of NVIDIA from a “strong sell” rating to a “hold” rating in a report on Monday, April 1st. ValuEngine raised shares of NVIDIA from a “sell” rating to a “hold” rating in a report on Friday, March 1st. Oppenheimer reissued an “outperform” rating and issued a $250.00 price target on shares of NVIDIA in a report on Wednesday, January 9th. TheStreet raised shares of NVIDIA from a “c+” rating to a “b-” rating in a report on Thursday, April 4th. Finally, UBS Group increased their price target on shares of NVIDIA to $210.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. NVIDIA presently has a consensus rating of “Buy” and an average price target of $204.46.

Shares of NASDAQ:NVDA traded down $5.45 during midday trading on Monday, reaching $184.56. 7,813,158 shares of the company’s stock were exchanged, compared to its average volume of 14,088,446. The company has a market capitalization of $115.62 billion, a price-to-earnings ratio of 30.41, a PEG ratio of 4.62 and a beta of 1.90. NVIDIA Co. has a 12 month low of $124.46 and a 12 month high of $292.76. The company has a debt-to-equity ratio of 0.21, a quick ratio of 6.76 and a current ratio of 7.94.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, February 14th. The computer hardware maker reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.27. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.22 billion. NVIDIA had a net margin of 35.35% and a return on equity of 41.78%. The firm’s revenue for the quarter was down 24.3% compared to the same quarter last year. During the same period last year, the firm earned $1.72 EPS. Sell-side analysts forecast that NVIDIA Co. will post 4.46 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 1st were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date was Thursday, February 28th. NVIDIA’s payout ratio is 10.54%.

In other news, EVP Debora Shoquist sold 5,823 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $185.00, for a total transaction of $1,077,255.00. Following the completion of the transaction, the executive vice president now directly owns 171,783 shares of the company’s stock, valued at approximately $31,779,855. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Colette Kress sold 14,092 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $183.33, for a total transaction of $2,583,486.36. The disclosure for this sale can be found here. Insiders have sold a total of 20,029 shares of company stock valued at $3,678,385 over the last ninety days. 4.70% of the stock is owned by insiders.

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NVIDIA Company Profile

NVIDIA Corporation operates as a visual computing company worldwide. It operates in 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 artificial intelligence (AI) utilizing deep learning, accelerated computing, and general purpose computing; GRID, which provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.

Further Reading: Depreciation

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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