Lodestar Private Asset Management LLC increased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 5.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,562 shares of the computer hardware maker’s stock after purchasing an additional 75 shares during the period. Lodestar Private Asset Management LLC’s holdings in NVIDIA were worth $434,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of NVDA. David J Yvars Group lifted its stake in NVIDIA by 1.5% in the 1st quarter. David J Yvars Group now owns 11,708 shares of the computer hardware maker’s stock valued at $3,252,000 after acquiring an additional 168 shares in the last quarter. Personal Capital Advisors Corp lifted its stake in NVIDIA by 29.9% in the 4th quarter. Personal Capital Advisors Corp now owns 622,700 shares of the computer hardware maker’s stock valued at $91,001,000 after acquiring an additional 143,483 shares in the last quarter. Alta Wealth Advisors LLC lifted its stake in NVIDIA by 14.9% in the 1st quarter. Alta Wealth Advisors LLC now owns 6,650 shares of the computer hardware maker’s stock valued at $1,847,000 after acquiring an additional 863 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its stake in NVIDIA by 2.4% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 14,601 shares of the computer hardware maker’s stock valued at $4,056,000 after acquiring an additional 342 shares in the last quarter. Finally, Avala Global LP bought a new stake in NVIDIA in the 4th quarter valued at approximately $16,455,000. Institutional investors own 64.00% of the company’s stock.
NVIDIA Trading Up 4.7 %
Shares of NVDA stock opened at $459.77 on Friday. The stock has a market cap of $1.14 trillion, a price-to-earnings ratio of 239.46, a PEG ratio of 2.91 and a beta of 1.74. The stock has a 50-day moving average of $379.59 and a 200-day moving average of $279.21. 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 Co. has a 1-year low of $108.13 and a 1-year high of $461.55.
NVIDIA Announces Dividend
The firm also recently announced 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 annualized dividend and a yield of 0.03%. NVIDIA’s dividend payout ratio is currently 8.33%.
Insider Buying and Selling
In related news, Director John Dabiri sold 283 shares of the firm’s 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 sale, the director now owns 2,401 shares of the company’s stock, valued at $1,019,296.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director John Dabiri sold 283 shares of the firm’s 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 sale, the director now owns 2,401 shares of the company’s stock, valued at $1,019,296.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Debora Shoquist sold 23,084 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $305.00, for a total value of $7,040,620.00. Following the sale, the executive vice president now directly owns 139,860 shares of the company’s stock, valued at approximately $42,657,300. The disclosure for this sale can be found here. Insiders sold 368,271 shares of company stock valued at $147,115,953 over the last 90 days. Company insiders own 3.99% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the company. Sanford C. Bernstein upped their price objective on NVIDIA from $300.00 to $475.00 in a research note on Thursday, May 25th. BNP Paribas upgraded NVIDIA from an “underperform” rating to a “neutral” rating and set a $230.00 price objective on the stock in a research note on Tuesday, March 21st. BMO Capital Markets upped their price objective on NVIDIA from $350.00 to $450.00 in a research note on Thursday, May 25th. KeyCorp upped their price objective on NVIDIA from $500.00 to $550.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on NVIDIA from $220.00 to $390.00 in a research note on Thursday, May 25th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and an average target price of $405.41.
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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