Chartwell Investment Partners LLC lowered its holdings in NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 17.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,581 shares of the computer hardware maker’s stock after selling 19,981 shares during the quarter. NVIDIA accounts for about 1.0% of Chartwell Investment Partners LLC’s investment portfolio, making the stock its 7th biggest holding. Chartwell Investment Partners LLC’s holdings in NVIDIA were worth $26,272,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the business. United Bank increased its position in NVIDIA by 28.9% during the first 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 last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in NVIDIA by 6.8% during the first 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 last quarter. MAS Advisors LLC increased its position in NVIDIA by 42.1% during the first 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 last quarter. Navis Wealth Advisors LLC grew its holdings in NVIDIA by 205.3% during the first quarter. Navis Wealth Advisors LLC now owns 2,900 shares of the computer hardware maker’s stock valued at $791,000 after purchasing an additional 1,950 shares during the period. Finally, Ergoteles LLC bought a new stake in NVIDIA during the first quarter valued at about $929,000. Hedge funds and other institutional investors own 64.00% of the company’s stock.
Insider Buying and Selling
In related news, CFO Colette Kress sold 6,124 shares of the stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $406.51, for a total value of $2,489,467.24. Following the transaction, the chief financial officer now owns 538,745 shares of the company’s stock, valued at $219,005,229.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO Colette Kress sold 6,124 shares of NVIDIA stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $406.51, for a total value of $2,489,467.24. Following the transaction, the chief financial officer now directly owns 538,745 shares in the company, valued at approximately $219,005,229.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dawn E. Hudson sold 5,000 shares of NVIDIA stock in a transaction on Thursday, March 30th. The shares were sold at an average price of $274.55, for a total value of $1,372,750.00. Following the completion of the transaction, the director now owns 85,350 shares in the company, valued at $23,432,842.50. The disclosure for this sale can be found here. Insiders have sold a total of 372,988 shares of company stock valued at $148,368,561 over the last quarter. 3.99% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
NVIDIA Trading Down 3.7 %
Shares of NASDAQ NVDA opened at $406.32 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.79 and a current ratio of 3.43. The business’s 50 day moving average price is $340.63 and its 200-day moving average price is $257.14. NVIDIA Co. has a fifty-two week low of $108.13 and a fifty-two week high of $439.90. The company has a market cap of $1.00 trillion, a price-to-earnings ratio of 211.63, a PEG ratio of 2.91 and a beta of 1.75.
NVIDIA (NASDAQ:NVDA – Get Rating) last announced its quarterly earnings data on Wednesday, May 24th. The computer hardware maker reported $1.09 earnings per share (EPS) for the quarter, topping 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 company had revenue of $7.19 billion for the quarter, compared to analysts’ expectations of $6.52 billion. During the same quarter in the prior year, the firm earned $1.18 earnings per share. NVIDIA’s revenue was down 13.2% compared to the same quarter last year. On average, sell-side analysts expect that NVIDIA Co. will post 6.31 earnings per share for the current year.
NVIDIA Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 8th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $0.16 annualized dividend and a yield of 0.04%. NVIDIA’s dividend payout ratio (DPR) is currently 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.
Featured Articles
- Get a free research report on NVIDIA from StockNews.com
- Sleep-At-Night Stock Sherwin-Williams Is Ready To Rebound
- Is Diablo IV Causing a Resurgence in Activision Blizzard Stock?
- MongoDB: An AI Play That’s About To Boil Over
- Will China’s $72 Billion EV Tax Breaks Help NIO Stock Recover?
- Five stocks we like better than NVIDIA
Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.
