Catalyst Private Wealth LLC raised its holdings in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 6.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,075 shares of the computer hardware maker’s stock after acquiring an additional 124 shares during the period. Catalyst Private Wealth LLC’s holdings in NVIDIA were worth $576,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GoalVest Advisory LLC grew 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 acquiring an additional 108 shares during the last quarter. Contravisory Investment Management Inc. acquired a new stake in shares of NVIDIA during the first quarter valued at about $28,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in shares of NVIDIA during the fourth quarter valued at about $34,000. Financial Connections Group Inc. boosted its stake in shares of NVIDIA by 605.7% during 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 in the last quarter. Finally, NewSquare Capital LLC acquired a new stake in shares of NVIDIA during the fourth quarter valued at about $37,000. Institutional investors own 64.00% of the company’s stock.
NVIDIA Trading Down 0.5 %
NASDAQ NVDA opened at $421.03 on Friday. The firm has a market capitalization of $1.04 trillion, a P/E ratio of 219.29, a PEG ratio of 2.91 and a beta of 1.74. The business has a fifty day simple moving average of $364.25 and a 200 day simple moving average of $269.65. 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.
NVIDIA Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Thursday, June 8th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date of this dividend was Wednesday, June 7th. NVIDIA’s payout ratio is currently 8.33%.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on NVDA. Tigress Financial lifted their price target on NVIDIA from $250.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, March 30th. BMO Capital Markets lifted their price target on NVIDIA from $350.00 to $450.00 in a research note on Thursday, May 25th. KeyCorp lifted their price target on NVIDIA from $320.00 to $375.00 in a research note on Monday, May 22nd. Mizuho lifted their price objective on NVIDIA from $290.00 to $400.00 in a research note on Thursday, May 25th. Finally, Credit Suisse Group set a $275.00 target price on NVIDIA in a report on Wednesday, March 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA has a consensus rating of “Moderate Buy” and a consensus target price of $392.70.
Insider Activity at NVIDIA
In related news, Director Tench Coxe sold 100,000 shares of the stock in a transaction on Friday, May 26th. The stock was sold at an average price of $379.00, for a total value of $37,900,000.00. Following the completion of the sale, the director now directly owns 3,397,136 shares of the company’s stock, valued at approximately $1,287,514,544. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other NVIDIA news, Director Tench Coxe sold 100,000 shares of the company’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $379.00, for a total value of $37,900,000.00. Following the completion of the transaction, the director now owns 3,397,136 shares in the company, valued at approximately $1,287,514,544. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 40,000 shares of the company’s stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $432.06, for a total value of $17,282,400.00. Following the completion of the transaction, the director now owns 1,052,286 shares of the company’s stock, valued at approximately $454,650,689.16. The disclosure for this sale can be found here. In the last three months, insiders sold 368,271 shares of company stock valued at $147,115,953. 3.99% of the stock is owned by 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.
Featured Articles
- Five stocks we like better than NVIDIA
- Order From U.S. Army Fuels Surge In Enovix Stock
- The Bottom Is In For Mullen Automotive
- Could Meta Be Risking Another Sell Off With Its New “Threads”?
- 2 Must-Have Specialized ETFs for the Long-Term Investor
- Inspire Medical Up 15% After Breakout, Analysts Say It’s A Buy
Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.
