NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Rodgers & Associates LTD

Posted by on Jul 1st, 2023

Rodgers & Associates LTD boosted its stake in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 12.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,763 shares of the computer hardware maker’s stock after buying an additional 200 shares during the period. Rodgers & Associates LTD’s holdings in NVIDIA were worth $490,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GoalVest Advisory LLC raised its position in NVIDIA by 124.1% in the fourth quarter. GoalVest Advisory LLC now owns 195 shares of the computer hardware maker’s stock valued at $28,000 after purchasing an additional 108 shares during the period. Contravisory Investment Management Inc. purchased a new stake in NVIDIA in the first quarter valued at $28,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. purchased a new stake in NVIDIA in the fourth quarter valued at $34,000. Financial Connections Group Inc. raised its position in NVIDIA by 605.7% in the fourth quarter. Financial Connections Group Inc. now owns 247 shares of the computer hardware maker’s stock valued at $36,000 after purchasing an additional 212 shares during the period. Finally, NewSquare Capital LLC purchased a new stake in NVIDIA in the fourth quarter valued at $37,000. Institutional investors and hedge funds own 64.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Wells Fargo & Company boosted their price objective on NVIDIA from $320.00 to $450.00 in a report on Thursday, May 25th. Barclays boosted their price objective on NVIDIA from $275.00 to $500.00 in a report on Thursday, May 25th. Mizuho boosted their price objective on NVIDIA from $290.00 to $400.00 in a report on Thursday, May 25th. Evercore ISI boosted their price objective on NVIDIA from $320.00 to $500.00 in a report on Thursday, May 25th. Finally, Wedbush upgraded NVIDIA from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $290.00 to $490.00 in a report on Thursday, May 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $392.70.

Insiders Place Their Bets

In other NVIDIA news, Director Harvey C. Jones sold 119,795 shares of the stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $403.17, for a total transaction of $48,297,750.15. Following the completion of the sale, the director now directly owns 676,396 shares of the company’s stock, valued at approximately $272,702,575.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other NVIDIA news, Director Harvey C. Jones sold 119,795 shares of the stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $403.17, for a total transaction of $48,297,750.15. Following the completion of the sale, the director now directly owns 676,396 shares of the company’s stock, valued at approximately $272,702,575.32. The transaction was disclosed in a legal filing 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 stock was 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 directly owns 139,860 shares of the company’s stock, valued at $42,657,300. The disclosure for this sale can be found here. In the last ninety days, insiders sold 368,271 shares of company stock valued at $147,115,953. 3.99% of the stock is owned by company insiders.

NVIDIA Stock Up 3.6 %

Shares of NASDAQ NVDA opened at $423.02 on Friday. The stock has a market cap of $1.04 trillion, a PE ratio of 220.32, a price-to-earnings-growth ratio of 2.83 and a beta of 1.75. The company has a quick ratio of 2.79, a current ratio of 3.43 and a debt-to-equity ratio of 0.40. NVIDIA Co. has a 52-week low of $108.13 and a 52-week high of $439.90. The business has a 50-day moving average price of $351.89 and a 200 day moving average price of $262.71.

NVIDIA (NASDAQ:NVDA – Free Report) last posted its quarterly earnings data on Wednesday, May 24th. The computer hardware maker reported $1.09 earnings per share for the quarter, topping 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 company had revenue of $7.19 billion during the quarter, compared to analysts’ expectations of $6.52 billion. During the same period last year, the firm earned $1.18 EPS. The firm’s revenue for the quarter was down 13.2% on a year-over-year basis. Equities research analysts forecast that NVIDIA Co. will post 6.31 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 8th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, June 7th. This represents a $0.16 dividend on an annualized basis and a yield of 0.04%. NVIDIA’s payout ratio is 8.33%.

NVIDIA Company Profile

(Free Report)

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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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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