Steigerwald Gordon & Koch Inc. lowered its position in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 3.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,815 shares of the computer hardware maker’s stock after selling 63 shares during the quarter. Steigerwald Gordon & Koch Inc.’s holdings in NVIDIA were worth $504,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings 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 valued at $24,732,878,000 after acquiring an additional 2,326,387 shares in the last quarter. State Street Corp lifted its position in NVIDIA by 0.9% during the 3rd 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 during the last quarter. Price T Rowe Associates Inc. MD lifted its position 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. Geode Capital Management LLC raised its position in shares of NVIDIA by 1.5% during the fourth 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 buying an additional 692,636 shares during the last quarter. Finally, Morgan Stanley raised its position in shares of NVIDIA by 20.2% during the fourth quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock valued at $4,023,783,000 after buying an additional 4,621,002 shares during the last quarter. 64.00% of the stock is owned by hedge funds and other institutional investors.
NVIDIA Trading Up 0.3 %
Shares of NASDAQ NVDA opened at $424.13 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. NVIDIA Co. has a 52-week low of $108.13 and a 52-week high of $439.90. The firm has a 50 day moving average price of $354.97 and a two-hundred day moving average price of $265.68. The stock has a market cap of $1.05 trillion, a P/E ratio of 220.90, a price-to-earnings-growth ratio of 2.91 and a beta of 1.74.
NVIDIA Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 8th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.04%. The ex-dividend date of this dividend was Wednesday, June 7th. NVIDIA’s dividend payout ratio (DPR) is presently 8.33%.
Analysts Set New Price Targets
Several research firms recently issued reports on NVDA. Oppenheimer increased their price target on shares of NVIDIA from $350.00 to $420.00 in a research report on Thursday, May 25th. Susquehanna increased their price target on shares of NVIDIA from $350.00 to $450.00 in a research note on Thursday, May 25th. Westpark Capital began coverage on shares of NVIDIA in a research note on Wednesday, March 22nd. They set a “hold” rating on the stock. BMO Capital Markets increased their price target on shares of NVIDIA from $350.00 to $450.00 in a research note on Thursday, May 25th. Finally, Tigress Financial increased their price target on shares of NVIDIA from $250.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, March 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $392.70.
Insider Transactions at NVIDIA
In other news, Director Harvey C. Jones sold 119,795 shares of the stock in a transaction on Tuesday, June 13th. The shares were 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 in the company, valued at $272,702,575.32. The transaction was disclosed in a filing with the SEC, which is available at this link. In other NVIDIA news, Director John Dabiri sold 283 shares of the firm’s stock in a transaction on Monday, June 26th. The shares were 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 in the company, valued at $1,019,296.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Harvey C. Jones sold 119,795 shares of the firm’s stock in a transaction 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 owns 676,396 shares of the company’s stock, valued at $272,702,575.32. The disclosure for this sale can be found here. Insiders sold a total of 368,271 shares of company stock worth $147,115,953 over the last three months. 3.99% of the stock is owned by company insiders.
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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