Stephens Investment Management Group LLC lifted its position in NVIDIA Co. (NASDAQ:NVDA) by 19.7% in the first quarter, HoldingsChannel.com reports. The firm owned 480 shares of the computer hardware maker’s stock after buying an additional 79 shares during the period. Stephens Investment Management Group LLC’s holdings in NVIDIA were worth $86,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in NVDA. TD Capital Management LLC purchased a new stake in shares of NVIDIA during the 4th quarter valued at $27,000. Capital Financial Planning LLC purchased a new stake in shares of NVIDIA during the 4th quarter valued at $28,000. Clarfeld Financial Advisors LLC purchased a new stake in shares of NVIDIA during the 4th quarter valued at $29,000. Truvestments Capital LLC purchased a new stake in shares of NVIDIA during the 1st quarter valued at $33,000. Finally, Creative Financial Designs Inc. ADV lifted its holdings in shares of NVIDIA by 181.2% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 194 shares of the computer hardware maker’s stock valued at $35,000 after purchasing an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 70.03% of the company’s stock.
In other NVIDIA news, EVP Debora Shoquist sold 5,823 shares of the stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $185.00, for a total transaction of $1,077,255.00. Following the sale, the executive vice president now directly owns 171,783 shares of the company’s stock, valued at approximately $31,779,855. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Colette Kress sold 14,092 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $183.33, for a total value 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 worth $3,678,385 over the last ninety days. 4.64% of the stock is owned by insiders.
NVDA traded up $2.35 during midday trading on Friday, hitting $162.54. 390,054 shares of the company were exchanged, compared to its average volume of 11,056,514. The company has a market capitalization of $97.10 billion, a P/E ratio of 26.70, a P/E/G ratio of 3.88 and a beta of 1.85. 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 Co. has a 1-year low of $124.46 and a 1-year high of $292.76.
NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, May 16th. The computer hardware maker reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.07. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.20 billion. NVIDIA had a return on equity of 41.78% and a net margin of 35.35%. The firm’s revenue for the quarter was down 30.8% compared to the same quarter last year. During the same period last year, the firm earned $2.05 EPS. Analysts forecast that NVIDIA Co. will post 4.43 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, May 31st will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.39%. NVIDIA’s dividend payout ratio is currently 10.54%.
Several analysts have recently commented on the company. TheStreet upgraded NVIDIA from a “c+” rating to a “b-” rating in a report on Thursday, April 4th. BidaskClub upgraded NVIDIA from a “buy” rating to a “strong-buy” rating in a report on Friday, April 5th. DZ Bank lowered NVIDIA to a “sell” rating and set a $170.00 price objective for the company. in a report on Friday, April 12th. Nomura assumed coverage on NVIDIA in a report on Tuesday, April 2nd. They set a “neutral” rating and a $147.00 price objective for the company. Finally, Zacks Investment Research upgraded NVIDIA from a “strong sell” rating to a “hold” rating in a report on Monday, April 1st. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-five have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $198.93.
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.
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