Benjamin F. Edwards & Company Inc. raised its holdings in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 45.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,990 shares of the computer hardware maker’s stock after buying an additional 13,189 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in NVIDIA were worth $11,664,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Opal Wealth Advisors LLC raised its position in shares of NVIDIA by 1.8% during the 1st quarter. Opal Wealth Advisors LLC now owns 2,103 shares of the computer hardware maker’s stock valued at $584,000 after acquiring an additional 37 shares during the last quarter. Westhampton Capital LLC grew its stake in shares of NVIDIA by 0.7% during the first quarter. Westhampton Capital LLC now owns 5,545 shares of the computer hardware maker’s stock worth $1,540,000 after purchasing an additional 40 shares during the period. Naples Global Advisors LLC increased its holdings in NVIDIA by 1.0% in the first quarter. Naples Global Advisors LLC now owns 4,309 shares of the computer hardware maker’s stock valued at $1,197,000 after purchasing an additional 42 shares during the last quarter. Tradewinds Capital Management LLC lifted its stake in NVIDIA by 15.8% in the first quarter. Tradewinds Capital Management LLC now owns 329 shares of the computer hardware maker’s stock valued at $91,000 after buying an additional 45 shares during the period. Finally, Northstar Asset Management LLC boosted its holdings in NVIDIA by 0.9% during the first quarter. Northstar Asset Management LLC now owns 5,225 shares of the computer hardware maker’s stock worth $1,451,000 after buying an additional 45 shares during the last quarter. Institutional investors and hedge funds own 64.00% of the company’s stock.
NVIDIA Price Performance
Shares of NVIDIA stock opened at $464.61 on Tuesday. The company has a 50-day simple moving average of $386.41 and a two-hundred day simple moving average of $285.53. NVIDIA Co. has a twelve month low of $108.13 and a twelve month high of $480.88. The stock has a market capitalization of $1.15 trillion, a price-to-earnings ratio of 241.99, a price-to-earnings-growth ratio of 3.07 and a beta of 1.74. 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 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 dividend yield of 0.03%. The ex-dividend date was Wednesday, June 7th. NVIDIA’s payout ratio is currently 8.33%.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. Truist Financial increased their price target on shares of NVIDIA from $470.00 to $545.00 and gave the company a “buy” rating in a research report on Friday. Daiwa Capital Markets raised shares of NVIDIA from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $408.00 to $475.00 in a research report on Thursday, June 29th. KeyCorp upped their price objective on shares of NVIDIA from $500.00 to $550.00 and gave the company an “overweight” rating in a research report on Tuesday, July 11th. Rosenblatt Securities reiterated a “buy” rating and set a $320.00 target price on shares of NVIDIA in a report on Wednesday, March 22nd. Finally, Wedbush upgraded NVIDIA from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $290.00 to $490.00 in a report on Thursday, May 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and a consensus target price of $410.14.
Insider Activity at NVIDIA
In related news, Director John Dabiri sold 283 shares of NVIDIA stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Mark A. Stevens sold 40,000 shares of the firm’s 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 approximately $454,650,689.16. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 directly owns 2,401 shares in the company, valued at $1,019,296.53. The disclosure for this sale can be found here. Insiders sold a total of 368,271 shares of company stock valued at $147,115,953 over the last quarter. 3.99% of the stock is owned by corporate 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.
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