Bensler LLC boosted its holdings in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 2.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,223 shares of the computer hardware maker’s stock after purchasing an additional 846 shares during the period. NVIDIA makes up 1.8% of Bensler LLC’s portfolio, making the stock its 15th largest position. Bensler LLC’s holdings in NVIDIA were worth $8,673,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Contravisory Investment Management Inc. bought a new position in shares of NVIDIA during the first quarter valued at about $28,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new position in shares of NVIDIA during the fourth quarter valued at about $34,000. Financial Connections Group Inc. raised 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 acquiring an additional 212 shares during the last quarter. Chelsea Counsel Co. bought a new position in shares of NVIDIA during the fourth quarter valued at about $37,000. Finally, NewSquare Capital LLC bought a new position in shares of NVIDIA during the fourth quarter valued at about $37,000. 64.00% of the stock is owned by institutional investors.
Insider Activity at NVIDIA
In related news, Director Mark A. Stevens sold 40,000 shares of the firm’s stock in a transaction on Tuesday, June 20th. The shares were 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other NVIDIA news, CFO Colette Kress sold 6,124 shares of NVIDIA stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $406.51, for a total value of $2,489,467.24. Following the completion of the transaction, the chief financial officer now directly owns 538,745 shares of the company’s stock, valued at approximately $219,005,229.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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. Over the last ninety days, insiders sold 368,271 shares of company stock valued at $147,115,953. Corporate insiders own 3.99% of the company’s stock.
Analyst Upgrades and Downgrades
NVIDIA Stock Performance
Shares of NASDAQ NVDA opened at $464.61 on Tuesday. The firm has a fifty day moving average price of $386.41 and a 200-day moving average price of $285.53. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.43 and a quick ratio of 2.79. The stock has a market cap of $1.15 trillion, a PE ratio of 241.99, a price-to-earnings-growth ratio of 3.07 and a beta of 1.74. NVIDIA Co. has a 1 year low of $108.13 and a 1 year high of $480.88.
NVIDIA (NASDAQ:NVDA – Get Free Report) last announced its quarterly earnings data on Wednesday, May 24th. The computer hardware maker reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.17. The firm had revenue of $7.19 billion during the quarter, compared to analysts’ expectations of $6.52 billion. NVIDIA had a net margin of 18.52% and a return on equity of 23.63%. The company’s revenue for the quarter was down 13.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.18 earnings per share. Equities analysts anticipate that NVIDIA Co. will post 6.43 earnings per share for the current fiscal year.
NVIDIA Dividend Announcement
The business 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 was Wednesday, June 7th. This represents a $0.16 annualized dividend and a yield of 0.03%. NVIDIA’s payout ratio is 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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