Boltwood Capital Management purchased a new stake in NVIDIA Co. (NASDAQ:NVDA) during the 1st quarter, Holdings Channel.com reports. The fund purchased 1,093 shares of the computer hardware maker’s stock, valued at approximately $584,000.
Other institutional investors also recently made changes to their positions in the company. Minot Wealth Management LLC increased its stake in NVIDIA by 13.7% in the fourth quarter. Minot Wealth Management LLC now owns 8,758 shares of the computer hardware maker’s stock valued at $4,573,000 after purchasing an additional 1,054 shares during the last quarter. Hartford Investment Management Co. increased its stake in NVIDIA by 11.5% in the fourth quarter. Hartford Investment Management Co. now owns 73,359 shares of the computer hardware maker’s stock valued at $38,308,000 after purchasing an additional 7,593 shares during the last quarter. Private Harbour Investment Management & Counsel LLC increased its stake in NVIDIA by 13.6% in the fourth quarter. Private Harbour Investment Management & Counsel LLC now owns 4,157 shares of the computer hardware maker’s stock valued at $2,171,000 after purchasing an additional 497 shares during the last quarter. Glaxis Capital Management LLC purchased a new position in shares of NVIDIA during the fourth quarter worth approximately $1,567,000. Finally, Pactiv General Employee Benefit Trust grew its position in shares of NVIDIA by 40.6% during the fourth quarter. Pactiv General Employee Benefit Trust now owns 43,295 shares of the computer hardware maker’s stock worth $22,609,000 after acquiring an additional 12,495 shares during the last quarter. Institutional investors own 65.70% of the company’s stock.
A number of brokerages have recently issued reports on NVDA. Mizuho raised their target price on shares of NVIDIA from $605.00 to $650.00 and gave the stock a “buy” rating in a research report on Wednesday, March 3rd. Wells Fargo & Company raised their target price on shares of NVIDIA from $605.00 to $625.00 and gave the stock an “overweight” rating in a research report on Friday, December 18th. Craig Hallum raised their target price on shares of NVIDIA from $520.00 to $550.00 and gave the stock a “hold” rating in a research report on Thursday, February 25th. Wedbush increased their price target on NVIDIA from $600.00 to $640.00 and gave the stock an “outperform” rating in a report on Thursday, February 25th. Finally, JPMorgan Chase & Co. increased their price target on NVIDIA from $605.00 to $660.00 and gave the stock an “overweight” rating in a report on Wednesday, March 3rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $593.56.
Shares of NVDA stock traded up $7.05 during mid-day trading on Thursday, reaching $572.79. The stock had a trading volume of 127,472 shares, compared to its average volume of 8,266,496. NVIDIA Co. has a 12-month low of $257.00 and a 12-month high of $614.90. The company has a market cap of $355.13 billion, a P/E ratio of 92.59, a price-to-earnings-growth ratio of 3.87 and a beta of 1.45. The business has a 50-day simple moving average of $534.84 and a 200 day simple moving average of $535.31. The company has a current ratio of 3.92, a quick ratio of 3.52 and a debt-to-equity ratio of 0.39.
NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Tuesday, February 23rd. The computer hardware maker reported $3.10 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.29. NVIDIA had a return on equity of 32.61% and a net margin of 25.89%. The business had revenue of $5 billion during the quarter, compared to analysts’ expectations of $4.83 billion. During the same quarter last year, the business posted $1.89 earnings per share. Research analysts anticipate that NVIDIA Co. will post 7.65 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Investors of record on Wednesday, March 10th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date was Tuesday, March 9th. NVIDIA’s dividend payout ratio is presently 13.94%.
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 gaming; 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 EGX for accelerated AI computing at the edge.
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