International Assets Investment Management LLC decreased its position in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 38.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,173 shares of the computer hardware maker’s stock after selling 18,038 shares during the period. NVIDIA accounts for 1.2% of International Assets Investment Management LLC’s investment portfolio, making the stock its 13th biggest holding. International Assets Investment Management LLC’s holdings in NVIDIA were worth $8,103,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. TKG Advisors LLC raised its position in shares of NVIDIA by 124.7% during the first quarter. TKG Advisors LLC now owns 11,961 shares of the computer hardware maker’s stock valued at $3,322,000 after buying an additional 6,639 shares during the last quarter. Carmel Capital Partners LLC acquired a new position in NVIDIA during the first quarter worth $275,000. Seelaus Asset Management LLC acquired a new position in NVIDIA during the first quarter worth $227,000. Marcum Wealth LLC boosted its holdings in shares of NVIDIA by 35.5% in the 1st quarter. Marcum Wealth LLC now owns 10,820 shares of the computer hardware maker’s stock worth $3,005,000 after acquiring an additional 2,837 shares in the last quarter. Finally, Stephens Consulting LLC boosted its holdings in shares of NVIDIA by 5,555.6% in the 1st quarter. Stephens Consulting LLC now owns 2,036 shares of the computer hardware maker’s stock worth $566,000 after acquiring an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 64.00% of the company’s stock.
Insider Transactions at NVIDIA
In other news, Director John Dabiri sold 283 shares of the business’s stock in a transaction dated 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 owns 2,401 shares of the company’s stock, valued at approximately $1,019,296.53. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director John Dabiri sold 283 shares of NVIDIA 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 transaction, the director now directly owns 2,401 shares of the company’s stock, valued at $1,019,296.53. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Harvey C. Jones sold 119,795 shares of the company’s 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 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. In the last ninety days, insiders sold 368,271 shares of company stock worth $147,115,953. 3.99% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
NVIDIA Price Performance
NVDA opened at $424.13 on Tuesday. The stock has a 50-day moving average price of $354.97 and a 200-day moving average price of $265.68. NVIDIA Co. has a 12-month low of $108.13 and a 12-month high of $439.90. The company has a current ratio of 3.43, a quick ratio of 2.79 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $1.05 trillion, a P/E ratio of 220.90, a PEG ratio of 2.91 and a beta of 1.74.
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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.17. The firm had revenue of $7.19 billion during the quarter, compared to analysts’ expectations of $6.52 billion. NVIDIA had a return on equity of 23.63% and a net margin of 18.52%. The company’s revenue for the quarter was down 13.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.18 EPS. Equities analysts predict that NVIDIA Co. will post 6.31 earnings per share for the current fiscal year.
NVIDIA Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 8th were issued a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, June 7th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.04%. NVIDIA’s 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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