Arden Trust Co raised its position in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 7.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,358 shares of the computer hardware maker’s stock after buying an additional 488 shares during the quarter. Arden Trust Co’s holdings in NVIDIA were worth $2,044,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new stake in NVIDIA during the 4th quarter worth approximately $3,900,874,000. Moneta Group Investment Advisors LLC grew its holdings in NVIDIA by 160,446.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 19,586,643 shares of the computer hardware maker’s stock worth $2,862,392,000 after acquiring an additional 19,574,443 shares during the last quarter. Jennison Associates LLC grew its holdings in NVIDIA by 34.8% during the 4th quarter. Jennison Associates LLC now owns 23,299,291 shares of the computer hardware maker’s stock worth $3,404,958,000 after acquiring an additional 6,013,647 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in NVIDIA by 9.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 56,956,988 shares of the computer hardware maker’s stock worth $8,323,694,000 after acquiring an additional 5,043,685 shares during the last quarter. Finally, Morgan Stanley grew its holdings in NVIDIA by 20.2% during the 4th quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock worth $4,023,783,000 after acquiring an additional 4,621,002 shares during the last quarter. 64.00% of the stock is owned by institutional investors.
NVIDIA Price Performance
NVDA opened at $411.17 on Thursday. The firm has a 50-day moving average of $346.11 and a 200 day moving average of $259.96. The firm has a market cap of $1.02 trillion, a P/E ratio of 214.15, a PEG ratio of 2.80 and a beta of 1.75. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.79 and a current ratio of 3.43. NVIDIA Co. has a fifty-two week low of $108.13 and a fifty-two week high of $439.90.
NVIDIA Announces Dividend
The business also recently announced 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. 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 is currently 8.33%.
Insider Activity at NVIDIA
In other NVIDIA news, EVP Debora Shoquist sold 23,084 shares of the stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $305.00, for a total transaction of $7,040,620.00. Following the transaction, the executive vice president now directly owns 139,860 shares in the company, valued at $42,657,300. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other NVIDIA news, Director Tench Coxe sold 100,000 shares of the stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $379.00, for a total transaction of $37,900,000.00. Following the transaction, the director now directly owns 3,397,136 shares in the company, valued at $1,287,514,544. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Debora Shoquist sold 23,084 shares of the stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $305.00, for a total transaction of $7,040,620.00. Following the transaction, the executive vice president now owns 139,860 shares in the company, valued at $42,657,300. The disclosure for this sale can be found here. Insiders have sold 368,271 shares of company stock valued at $147,115,953 over the last three months. 3.99% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of research firms have weighed in on NVDA. Bank of America boosted their target price on shares of NVIDIA from $450.00 to $500.00 in a report on Wednesday, May 31st. BMO Capital Markets boosted their price target on shares of NVIDIA from $350.00 to $450.00 in a research report on Thursday, May 25th. Jefferies Financial Group boosted their price target on shares of NVIDIA from $472.00 to $500.00 in a research report on Tuesday, June 20th. Rosenblatt Securities reiterated a “buy” rating and set a $320.00 target price on shares of NVIDIA in a research report on Wednesday, March 22nd. Finally, Wedbush upgraded shares of NVIDIA from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $290.00 to $490.00 in a research report on Thursday, May 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $383.19.
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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