Northstar Asset Management LLC Has $1.45 Million Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Posted by Defense World Staff on Jul 10th, 2023

Northstar Asset Management LLC lifted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 0.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,225 shares of the computer hardware maker’s stock after purchasing an additional 45 shares during the quarter. Northstar Asset Management LLC’s holdings in NVIDIA were worth $1,451,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. David J Yvars Group increased its stake in shares of NVIDIA by 1.5% during the 1st quarter. David J Yvars Group now owns 11,708 shares of the computer hardware maker’s stock worth $3,252,000 after purchasing an additional 168 shares during the last quarter. Personal Capital Advisors Corp boosted its holdings in shares of NVIDIA by 29.9% during the 4th quarter. Personal Capital Advisors Corp now owns 622,700 shares of the computer hardware maker’s stock worth $91,001,000 after buying an additional 143,483 shares during the period. Alta Wealth Advisors LLC boosted its holdings in shares of NVIDIA by 14.9% during the 1st quarter. Alta Wealth Advisors LLC now owns 6,650 shares of the computer hardware maker’s stock worth $1,847,000 after buying an additional 863 shares during the period. Avala Global LP bought a new stake in shares of NVIDIA during the 4th quarter worth $16,455,000. Finally, DGS Capital Management LLC boosted its holdings in shares of NVIDIA by 9.0% during the 4th quarter. DGS Capital Management LLC now owns 3,036 shares of the computer hardware maker’s stock worth $444,000 after buying an additional 250 shares during the period. Institutional investors and hedge funds own 64.00% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on NVDA. The Goldman Sachs Group upped their price objective on shares of NVIDIA from $275.00 to $440.00 in a report on Thursday, May 25th. JPMorgan Chase & Co. upped their price objective on shares of NVIDIA from $250.00 to $500.00 in a report on Thursday, May 25th. Bank of America increased their price target on shares of NVIDIA from $450.00 to $500.00 in a report on Wednesday, May 31st. Robert W. Baird raised shares of NVIDIA from a “neutral” rating to an “outperform” rating and increased their price target for the company from $300.00 to $475.00 in a report on Thursday, May 25th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $320.00 price target on shares of NVIDIA in a report on Wednesday, March 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $399.19.

Insider Buying and Selling

In related news, EVP Debora Shoquist sold 23,084 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $305.00, for a total value of $7,040,620.00. Following the completion of the transaction, the executive vice president now owns 139,860 shares in the company, valued at approximately $42,657,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other NVIDIA news, EVP Debora Shoquist sold 23,084 shares of the company’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $305.00, for a total transaction of $7,040,620.00. Following the completion of the sale, the executive vice president now owns 139,860 shares in the company, valued at approximately $42,657,300. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Colette Kress sold 6,124 shares of the company’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $406.51, for a total transaction of $2,489,467.24. Following the sale, the chief financial officer now 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. Insiders sold 368,271 shares of company stock worth $147,115,953 in the last quarter. Insiders own 3.99% of the company’s stock.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $425.03 on Monday. NVIDIA Co. has a 1 year low of $108.13 and a 1 year high of $439.90. The firm has a 50 day moving average of $367.20 and a 200-day moving average of $273.00. 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 221.37, a price-to-earnings-growth ratio of 2.93 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 for the quarter, topping the consensus estimate of $0.92 by $0.17. NVIDIA had a net margin of 18.52% and a return on equity of 23.63%. The firm had revenue of $7.19 billion during the quarter, compared to analysts’ expectations of $6.52 billion. During the same quarter in the previous year, the company posted $1.18 EPS. NVIDIA’s revenue was down 13.2% on a year-over-year basis. As a group, sell-side analysts anticipate that NVIDIA Co. will post 6.31 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed 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 annualized dividend and a 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%.

About NVIDIA

(Free Report)

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.