Forum Financial Management LP boosted its position in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 13.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,440 shares of the computer hardware maker’s stock after purchasing an additional 1,831 shares during the quarter. Forum Financial Management LP’s holdings in NVIDIA were worth $4,289,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in NVIDIA by 1.2% in 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 purchasing an additional 2,326,387 shares during the last quarter. State Street Corp grew its holdings in NVIDIA by 0.9% in the 3rd quarter. State Street Corp now owns 98,751,264 shares of the computer hardware maker’s stock valued at $11,987,416,000 after buying an additional 908,481 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in NVIDIA by 9.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 56,956,988 shares of the computer hardware maker’s stock valued at $8,323,694,000 after buying an additional 5,043,685 shares during the period. Geode Capital Management LLC grew its holdings in NVIDIA by 1.5% in the 4th 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 period. Finally, Morgan Stanley grew its holdings in NVIDIA by 20.2% in the 4th 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 period. 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 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 transaction, the director now owns 2,401 shares of the company’s stock, valued at $1,019,296.53. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director John Dabiri sold 283 shares of the firm’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $424.53, for a total transaction of $120,141.99. Following the completion of the transaction, the director now owns 2,401 shares of the company’s stock, valued at $1,019,296.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Colette Kress sold 6,124 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $406.51, for a total value 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 approximately $219,005,229.95. The disclosure for this sale can be found here. Over the last quarter, insiders sold 368,271 shares of company stock valued at $147,115,953. 3.99% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
NVIDIA Price Performance
Shares of NASDAQ NVDA opened at $424.13 on Tuesday. NVIDIA Co. has a 1-year low of $108.13 and a 1-year high of $439.90. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.43 and a quick ratio of 2.79. The business’s fifty day moving average price is $354.97 and its two-hundred day moving average price is $265.68. The firm has a market capitalization of $1.05 trillion, a PE ratio of 220.90, a P/E/G ratio of 2.91 and a beta of 1.74.
NVIDIA (NASDAQ:NVDA – Free Report) last issued its earnings results on Wednesday, May 24th. The computer hardware maker reported $1.09 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $6.52 billion. During the same period last year, the company earned $1.18 earnings per share. The firm’s revenue for the quarter was down 13.2% on a year-over-year basis. On average, research analysts expect that NVIDIA Co. will post 6.31 EPS for the current year.
NVIDIA Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 8th were paid a $0.04 dividend. The ex-dividend date was Wednesday, June 7th. This represents a $0.16 annualized dividend 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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