Deltec Asset Management LLC cut its position in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 92.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 900 shares of the computer hardware maker’s stock after selling 10,720 shares during the quarter. Deltec Asset Management LLC’s holdings in NVIDIA were worth $250,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of NVIDIA by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 203,747,246 shares of the computer hardware maker’s stock worth $24,732,878,000 after buying an additional 2,326,387 shares in the last quarter. State Street Corp raised its position in NVIDIA by 0.9% in the third quarter. State Street Corp now owns 98,751,264 shares of the computer hardware maker’s stock worth $11,987,416,000 after acquiring an additional 908,481 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in NVIDIA by 9.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 56,956,988 shares of the computer hardware maker’s stock valued at $8,323,694,000 after acquiring an additional 5,043,685 shares during the last quarter. Geode Capital Management LLC lifted its holdings in NVIDIA by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 45,788,952 shares of the computer hardware maker’s stock valued at $6,679,427,000 after acquiring an additional 692,636 shares during the last quarter. Finally, Morgan Stanley boosted its position in shares of NVIDIA by 20.2% during the 4th quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock valued at $4,023,783,000 after purchasing an additional 4,621,002 shares in the last quarter. 64.00% of the stock is currently owned by institutional investors.
Insider Buying and Selling at NVIDIA
In other news, CFO Colette Kress sold 6,124 shares of the company’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $406.51, for a total transaction of $2,489,467.24. Following the completion of 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. In other NVIDIA news, EVP Debora Shoquist sold 23,084 shares of the business’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $305.00, for a total value of $7,040,620.00. Following the sale, the executive vice president now owns 139,860 shares of the company’s stock, valued at approximately $42,657,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Colette Kress sold 6,124 shares of the stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $406.51, for a total transaction of $2,489,467.24. Following the completion of the transaction, the chief financial officer now owns 538,745 shares of the company’s stock, valued at approximately $219,005,229.95. The disclosure for this sale can be found here. Insiders sold a total of 368,271 shares of company stock valued at $147,115,953 in the last ninety days. Company insiders own 3.99% of the company’s stock.
Wall Street Analysts Forecast Growth
NVIDIA Stock Down 1.8 %
NVDA stock opened at $411.17 on Thursday. NVIDIA Co. has a 52-week low of $108.13 and a 52-week high of $439.90. 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 stock has a market capitalization of $1.02 trillion, a price-to-earnings ratio of 214.15, a price-to-earnings-growth ratio of 2.80 and a beta of 1.75. The company has a 50-day moving average of $346.11 and a two-hundred day moving average of $259.96.
NVIDIA (NASDAQ:NVDA – Free Report) last issued its quarterly earnings results on Wednesday, May 24th. The computer hardware maker reported $1.09 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 the consensus estimate of $6.52 billion. During the same period in the previous year, the business posted $1.18 EPS. The company’s revenue for the quarter was down 13.2% on a year-over-year basis. As a group, equities research analysts anticipate that NVIDIA Co. will post 6.31 EPS for the current year.
NVIDIA Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 8th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date of this dividend is Wednesday, June 7th. NVIDIA’s dividend payout ratio (DPR) is presently 8.33%.
NVIDIA Company 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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