Whitener Capital Management Inc. raised its stake in shares of NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 1.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,301 shares of the computer hardware maker’s stock after purchasing an additional 150 shares during the period. NVIDIA accounts for 1.2% of Whitener Capital Management Inc.’s holdings, making the stock its 23rd biggest position. Whitener Capital Management Inc.’s holdings in NVIDIA were worth $2,861,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Personal Capital Advisors Corp lifted its holdings in NVIDIA by 29.9% during the fourth quarter. Personal Capital Advisors Corp now owns 622,700 shares of the computer hardware maker’s stock valued at $91,001,000 after purchasing an additional 143,483 shares in the last quarter. Avala Global LP purchased a new position in shares of NVIDIA in the fourth quarter worth about $16,455,000. DGS Capital Management LLC lifted its stake in shares of NVIDIA by 9.0% in the fourth quarter. DGS Capital Management LLC now owns 3,036 shares of the computer hardware maker’s stock worth $444,000 after buying an additional 250 shares in the last quarter. Dash Acquisitions Inc. purchased a new position in shares of NVIDIA in the first quarter worth about $284,000. Finally, Thrive Wealth Management LLC lifted its stake in shares of NVIDIA by 3.8% in the first quarter. Thrive Wealth Management LLC now owns 3,100 shares of the computer hardware maker’s stock worth $861,000 after buying an additional 114 shares in the last quarter. 64.00% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research firms have recently weighed in on NVDA. Sanford C. Bernstein raised their price target on shares of NVIDIA from $300.00 to $475.00 in a research note on Thursday, May 25th. Wedbush raised shares of NVIDIA from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $290.00 to $490.00 in a research note on Thursday, May 25th. JPMorgan Chase & Co. raised their price target on shares of NVIDIA from $250.00 to $500.00 in a research note on Thursday, May 25th. Tigress Financial raised their price target on shares of NVIDIA from $250.00 to $320.00 and gave the stock a “buy” rating in a research note on Thursday, March 30th. Finally, BNP Paribas raised shares of NVIDIA from an “underperform” rating to a “neutral” rating and set a $230.00 price target on the stock in a research note on Tuesday, March 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $383.19.
Insider Activity
NVIDIA Stock Down 1.9 %
Shares of NASDAQ:NVDA opened at $422.09 on Friday. The company has a market capitalization of $1.04 trillion, a PE ratio of 219.84, a P/E/G ratio of 2.91 and a beta of 1.75. The company has a current ratio of 3.43, a quick ratio of 2.79 and a debt-to-equity ratio of 0.40. NVIDIA Co. has a twelve month low of $108.13 and a twelve month high of $439.90. The firm has a 50 day simple moving average of $337.91 and a 200-day simple moving average of $254.83.
NVIDIA (NASDAQ:NVDA – Get Rating) last issued its quarterly earnings data on Wednesday, May 24th. The computer hardware maker reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.17. The business had revenue of $7.19 billion during the quarter, compared to the consensus estimate of $6.52 billion. NVIDIA had a net margin of 18.52% and a return on equity of 23.63%. The company’s revenue was down 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.18 EPS. On average, equities analysts predict that NVIDIA Co. will post 6.31 EPS for the current fiscal year.
NVIDIA Dividend Announcement
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 issued a $0.04 dividend. The ex-dividend date is Wednesday, June 7th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.04%. NVIDIA’s payout ratio is 8.33%.
About NVIDIA
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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