HMS Capital Management LLC acquired a new position in shares of NVIDIA Co. (NASDAQ:NVDA – Get Rating) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 6,885 shares of the computer hardware maker’s stock, valued at approximately $1,913,000. NVIDIA comprises approximately 1.2% of HMS Capital Management LLC’s investment portfolio, making the stock its 15th biggest position.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. United Bank boosted its holdings in NVIDIA by 28.9% during the 1st quarter. United Bank now owns 7,717 shares of the computer hardware maker’s stock valued at $2,106,000 after acquiring an additional 1,730 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in NVIDIA by 6.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,904,772 shares of the computer hardware maker’s stock valued at $1,065,457,000 after acquiring an additional 249,045 shares during the period. MAS Advisors LLC boosted its holdings in NVIDIA by 42.1% during the 1st quarter. MAS Advisors LLC now owns 1,967 shares of the computer hardware maker’s stock valued at $545,000 after acquiring an additional 583 shares during the period. Navis Wealth Advisors LLC boosted its holdings in NVIDIA by 205.3% during the 1st quarter. Navis Wealth Advisors LLC now owns 2,900 shares of the computer hardware maker’s stock valued at $791,000 after acquiring an additional 1,950 shares during the period. Finally, Ergoteles LLC purchased a new position in NVIDIA during the 1st quarter valued at about $929,000. 64.00% of the stock is owned by institutional investors and hedge funds.
NVIDIA Stock Performance
Shares of NASDAQ:NVDA opened at $406.32 on Tuesday. The firm has a market capitalization of $1.00 trillion, a PE ratio of 211.63, a P/E/G ratio of 2.91 and a beta of 1.75. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.43 and a quick ratio of 2.79. The business has a 50-day moving average of $340.63 and a two-hundred day moving average of $257.14. NVIDIA Co. has a 12 month low of $108.13 and a 12 month high of $439.90.
NVIDIA Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 8th will be paid 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 dividend payout ratio (DPR) is currently 8.33%.
Insider Activity
In other news, Director Mark A. Stevens sold 40,000 shares of the stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $432.06, for a total value of $17,282,400.00. Following the completion of the sale, the director now owns 1,052,286 shares in the company, valued at $454,650,689.16. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Tench Coxe sold 100,000 shares of the stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $379.00, for a total value of $37,900,000.00. Following the completion of the transaction, the director now owns 3,397,136 shares of the company’s stock, valued at $1,287,514,544. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Stevens sold 40,000 shares of the stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $432.06, for a total value of $17,282,400.00. Following the completion of the transaction, the director now directly owns 1,052,286 shares of the company’s stock, valued at approximately $454,650,689.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 372,988 shares of company stock worth $148,368,561. 3.99% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
NVDA has been the subject of several recent research reports. StockNews.com initiated coverage on NVIDIA in a research note on Thursday, May 18th. They issued a “hold” rating for the company. KeyCorp boosted their target price on NVIDIA from $320.00 to $375.00 in a research note on Monday, May 22nd. Robert W. Baird upgraded NVIDIA from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $300.00 to $475.00 in a research note on Thursday, May 25th. Tigress Financial lifted their price target on NVIDIA from $250.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, March 30th. Finally, TD Cowen lifted their price target on NVIDIA from $260.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and an average price target of $383.19.
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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