Paradigm Financial Partners LLC grew its stake in shares of NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 1.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,857 shares of the computer hardware maker’s stock after acquiring an additional 115 shares during the quarter. Paradigm Financial Partners LLC’s holdings in NVIDIA were worth $2,460,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in NVDA. Personal Capital Advisors Corp lifted its holdings in shares of NVIDIA by 29.9% during the 4th quarter. Personal Capital Advisors Corp now owns 622,700 shares of the computer hardware maker’s stock valued at $91,001,000 after buying an additional 143,483 shares during the period. Avala Global LP purchased a new stake in shares of NVIDIA during the 4th quarter valued at about $16,455,000. DGS Capital Management LLC increased its position in shares of NVIDIA by 9.0% during the 4th quarter. DGS Capital Management LLC now owns 3,036 shares of the computer hardware maker’s stock valued at $444,000 after purchasing an additional 250 shares during the last quarter. Dash Acquisitions Inc. bought a new stake in shares of NVIDIA during the 1st quarter valued at $284,000. Finally, Thrive Wealth Management LLC grew its position in shares of NVIDIA by 3.8% during the 1st quarter. Thrive Wealth Management LLC now owns 3,100 shares of the computer hardware maker’s stock valued at $861,000 after acquiring an additional 114 shares during the period. Hedge funds and other institutional investors own 64.00% of the company’s stock.
Insider Transactions at NVIDIA
In other news, Director Mark A. Stevens sold 40,000 shares of NVIDIA stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $432.06, for a total transaction of $17,282,400.00. Following the completion of the sale, the director now directly owns 1,052,286 shares in the company, valued at $454,650,689.16. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Mark A. Stevens sold 40,000 shares of the stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $432.06, for a total transaction of $17,282,400.00. Following the transaction, the director now owns 1,052,286 shares of the company’s stock, valued at approximately $454,650,689.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John Dabiri sold 383 shares of the stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $384.89, for a total value of $147,412.87. Following the transaction, the director now directly owns 2,034 shares in the company, valued at approximately $782,866.26. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 372,988 shares of company stock worth $148,368,561. 3.99% of the stock is currently owned by insiders.
Analysts Set New Price Targets
NVIDIA Trading Down 1.9 %
NVDA stock opened at $422.09 on Friday. NVIDIA Co. has a twelve month low of $108.13 and a twelve month high of $439.90. The firm’s fifty day simple moving average is $337.91 and its two-hundred day simple moving average is $254.17. The stock has a market capitalization of $1.04 trillion, a price-to-earnings ratio of 219.84, a price-to-earnings-growth ratio of 2.95 and a beta of 1.75. The company has a quick ratio of 2.79, a current ratio of 3.43 and a debt-to-equity ratio of 0.40.
NVIDIA (NASDAQ:NVDA – Get Rating) last announced its earnings results on Wednesday, May 24th. The computer hardware maker reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.17. NVIDIA had a return on equity of 23.63% and a net margin of 18.52%. The business had revenue of $7.19 billion during the quarter, compared to analyst estimates of $6.52 billion. During the same quarter in the previous year, the business earned $1.18 earnings per share. The company’s revenue for the quarter was down 13.2% compared to the same quarter last year. As a group, analysts anticipate that NVIDIA Co. will post 6.29 earnings per share for the current year.
NVIDIA Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 8th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $0.16 annualized dividend and a dividend yield of 0.04%. NVIDIA’s dividend payout ratio (DPR) is 8.33%.
NVIDIA Profile
NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.
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