Delta Financial Group Inc. lifted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 20.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,416 shares of the computer hardware maker’s stock after purchasing an additional 407 shares during the quarter. Delta Financial Group Inc.’s holdings in NVIDIA were worth $671,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Norges Bank bought a new stake in shares of NVIDIA during the 4th quarter valued at $3,900,874,000. Moneta Group Investment Advisors LLC raised its position in shares of NVIDIA by 160,446.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 19,586,643 shares of the computer hardware maker’s stock valued at $2,862,392,000 after buying an additional 19,574,443 shares in the last quarter. Jennison Associates LLC raised its position in shares of NVIDIA by 34.8% in the 4th quarter. Jennison Associates LLC now owns 23,299,291 shares of the computer hardware maker’s stock valued at $3,404,958,000 after buying an additional 6,013,647 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of NVIDIA by 9.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 56,956,988 shares of the computer hardware maker’s stock worth $8,323,694,000 after acquiring an additional 5,043,685 shares in the last quarter. Finally, Morgan Stanley increased its stake in NVIDIA by 20.2% in the fourth quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock valued at $4,023,783,000 after acquiring an additional 4,621,002 shares during the last quarter. 64.00% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, Director John Dabiri sold 283 shares of the firm’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of $424.53, for a total transaction of $120,141.99. Following the sale, the director now directly owns 2,401 shares in the company, valued at approximately $1,019,296.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director John Dabiri sold 283 shares of the stock in a transaction that occurred on 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 directly owns 2,401 shares of the company’s stock, valued at $1,019,296.53. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Mark A. Stevens sold 40,000 shares of NVIDIA stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $432.06, for a total transaction of $17,282,400.00. Following the completion of the transaction, the director now directly owns 1,052,286 shares of the company’s stock, valued at $454,650,689.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 368,271 shares of company stock worth $147,115,953. Company insiders own 3.99% of the company’s stock.
Wall Street Analysts Forecast Growth
NVIDIA Stock Up 3.5 %
NVDA opened at $439.02 on Thursday. The stock has a market capitalization of $1.08 trillion, a price-to-earnings ratio of 228.66, a PEG ratio of 2.91 and a beta of 1.74. The firm has a 50 day moving average price of $375.91 and a 200-day moving average price of $277.94. NVIDIA Co. has a twelve month low of $108.13 and a twelve month high of $439.90. The company has a quick ratio of 2.79, a current ratio of 3.43 and a debt-to-equity ratio of 0.40.
NVIDIA (NASDAQ:NVDA – Get Free Report) last announced its earnings results on Wednesday, May 24th. The computer hardware maker reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.17. The business had revenue of $7.19 billion for 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 business’s revenue for the quarter was down 13.2% on a year-over-year basis. During the same period last year, the firm posted $1.18 earnings per share. Equities research analysts forecast that NVIDIA Co. will post 6.33 earnings per share for the current 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 paid a dividend of $0.04 per share. 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 dividend payout ratio (DPR) is presently 8.33%.
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.
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