CWA Asset Management Group LLC reduced its stake in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 5.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 80,252 shares of the computer hardware maker’s stock after selling 4,595 shares during the quarter. NVIDIA makes up 1.7% of CWA Asset Management Group LLC’s investment portfolio, making the stock its 11th largest holding. CWA Asset Management Group LLC’s holdings in NVIDIA were worth $22,292,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of NVDA. Personal Capital Advisors Corp increased its position in shares of NVIDIA by 29.9% during the 4th 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 during the last quarter. Avala Global LP purchased a new stake in NVIDIA during the fourth quarter worth about $16,455,000. DGS Capital Management LLC raised its position in 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 acquiring an additional 250 shares during the period. Valeo Financial Advisors LLC boosted its stake in NVIDIA by 22.7% in the first quarter. Valeo Financial Advisors LLC now owns 43,143 shares of the computer hardware maker’s stock valued at $11,984,000 after acquiring an additional 7,988 shares during the last quarter. Finally, Dash Acquisitions Inc. bought a new position in shares of NVIDIA during the 1st quarter valued at approximately $284,000. 64.00% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
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 directly 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 is accessible through this hyperlink. In other news, CFO Colette Kress sold 6,124 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $406.51, for a total transaction of $2,489,467.24. Following the transaction, the chief financial officer now directly owns 538,745 shares of the company’s stock, valued at $219,005,229.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director John Dabiri sold 283 shares of the firm’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $424.53, for a total value of $120,141.99. Following the completion of the sale, the director now directly owns 2,401 shares of the company’s stock, valued at approximately $1,019,296.53. The disclosure for this sale can be found here. Insiders have sold a total of 368,271 shares of company stock valued at $147,115,953 in the last quarter. Insiders own 3.99% of the company’s stock.
Analyst Ratings Changes
NVIDIA Price Performance
NVDA stock opened at $408.22 on Friday. The firm has a market cap of $1.01 trillion, a P/E ratio of 212.62, a P/E/G ratio of 2.83 and a beta of 1.75. The firm’s fifty day moving average is $348.86 and its 200 day moving average is $260.99. 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 quick ratio of 2.79 and a current ratio of 3.43.
NVIDIA (NASDAQ:NVDA – Free Report) last announced its quarterly earnings data on Wednesday, May 24th. The computer hardware maker reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.17. NVIDIA had a return on equity of 23.63% and a net margin of 18.52%. The firm had revenue of $7.19 billion for the quarter, compared to analysts’ expectations of $6.52 billion. During the same period last year, the firm earned $1.18 earnings per share. The company’s revenue for the quarter was down 13.2% compared to the same quarter last year. Research analysts predict that NVIDIA Co. will post 6.31 earnings per share for the current year.
NVIDIA Announces Dividend
The company 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. This represents a $0.16 annualized dividend and a dividend yield of 0.04%. The ex-dividend date of this dividend is Wednesday, June 7th. NVIDIA’s dividend payout ratio is 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.
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