Carnegie Capital Asset Management LLC lessened its holdings in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 13.8% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 109,583 shares of the computer hardware maker’s stock after selling 17,479 shares during the period. NVIDIA comprises approximately 1.2% of Carnegie Capital Asset Management LLC’s holdings, making the stock its 12th biggest position. Carnegie Capital Asset Management LLC’s holdings in NVIDIA were worth $30,439,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Contravisory Investment Management Inc. bought a new stake in NVIDIA during the 1st quarter worth approximately $28,000. GoalVest Advisory LLC raised its stake in NVIDIA by 124.1% during the 4th quarter. GoalVest Advisory LLC now owns 195 shares of the computer hardware maker’s stock worth $28,000 after acquiring an additional 108 shares during the period. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new stake in NVIDIA during the 4th quarter worth approximately $34,000. Financial Connections Group Inc. raised its stake in NVIDIA by 605.7% during the 4th quarter. Financial Connections Group Inc. now owns 247 shares of the computer hardware maker’s stock worth $36,000 after acquiring an additional 212 shares during the period. Finally, Chelsea Counsel Co. bought a new stake in NVIDIA during the 4th quarter worth approximately $37,000. Institutional investors own 64.00% of the company’s stock.
Insider Activity at NVIDIA
In related news, Director Harvey C. Jones sold 119,795 shares of NVIDIA stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $403.17, for a total value 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 Securities & Exchange Commission, which is accessible through this hyperlink. In other NVIDIA news, Director John Dabiri sold 283 shares of NVIDIA 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 transaction, the director now owns 2,401 shares in the company, valued at $1,019,296.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Harvey C. Jones sold 119,795 shares of the business’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $403.17, for a total value of $48,297,750.15. Following the sale, the director now owns 676,396 shares in the company, valued at approximately $272,702,575.32. The disclosure for this sale can be found here. Insiders sold 368,271 shares of company stock worth $147,115,953 over the last three months. 3.99% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
NVIDIA Stock Up 0.3 %
NASDAQ:NVDA opened at $424.13 on Wednesday. NVIDIA Co. has a twelve month low of $108.13 and a twelve month high of $439.90. The company has a market cap of $1.05 trillion, a price-to-earnings ratio of 220.90, a price-to-earnings-growth ratio of 2.92 and a beta of 1.74. The stock has a fifty day simple moving average of $358.20 and a 200-day simple moving average of $267.50. The company has a current ratio of 3.43, a quick ratio of 2.79 and a debt-to-equity ratio of 0.40.
NVIDIA (NASDAQ:NVDA – Free Report) last released 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. The business had revenue of $7.19 billion during the quarter, compared to the consensus estimate of $6.52 billion. NVIDIA had a return on equity of 23.63% and a net margin of 18.52%. The business’s revenue for the quarter was down 13.2% compared to the same quarter last year. During the same period last year, the company earned $1.18 earnings per share. Analysts anticipate that NVIDIA Co. will post 6.31 EPS for the current year.
NVIDIA Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Investors 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 annualized dividend and a dividend yield of 0.04%. NVIDIA’s payout ratio is currently 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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