Dantai Capital Ltd acquired a new stake in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 740 shares of the computer hardware maker’s stock, valued at approximately $206,000. NVIDIA makes up about 0.3% of Dantai Capital Ltd’s portfolio, making the stock its 7th biggest position.
Several other large investors also recently added to or reduced their stakes in the business. Contravisory Investment Management Inc. bought a new stake in shares of NVIDIA during the 1st quarter worth $28,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new stake in NVIDIA during the fourth quarter valued at about $34,000. Financial Connections Group Inc. grew its position in shares of NVIDIA by 605.7% in the fourth quarter. Financial Connections Group Inc. now owns 247 shares of the computer hardware maker’s stock valued at $36,000 after purchasing an additional 212 shares during the last quarter. NewSquare Capital LLC acquired a new stake in shares of NVIDIA in the fourth quarter valued at about $37,000. Finally, Chelsea Counsel Co. acquired a new position in shares of NVIDIA during the 4th quarter worth about $37,000. 64.00% of the stock is owned by institutional investors.
NVIDIA Stock Down 2.7 %
Shares of NASDAQ:NVDA opened at $443.09 on Monday. The company has a 50 day moving average price of $400.42 and a two-hundred day moving average price of $294.41. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.79 and a current ratio of 3.43. The company has a market capitalization of $1.09 trillion, a PE ratio of 230.78, a PEG ratio of 5.11 and a beta of 1.74. NVIDIA Co. has a 52 week low of $108.13 and a 52 week high of $480.88.
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 was Wednesday, June 7th. This represents a $0.16 dividend on an annualized basis and a yield of 0.04%. NVIDIA’s payout ratio is 8.33%.
Wall Street Analyst Weigh In
NVDA has been the topic of several recent analyst reports. Citigroup lifted their price target on NVIDIA from $420.00 to $520.00 and gave the stock a “buy” rating in a research report on Monday, July 17th. KeyCorp upped their target price on shares of NVIDIA from $500.00 to $550.00 and gave the company an “overweight” rating in a research note on Tuesday, July 11th. Tigress Financial raised their price target on shares of NVIDIA from $320.00 to $560.00 in a research report on Friday, July 7th. Barclays upped their price objective on shares of NVIDIA from $500.00 to $600.00 in a research report on Thursday. Finally, Stifel Nicolaus lifted their target price on NVIDIA from $225.00 to $300.00 in a research report on Tuesday, May 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $421.58.
Insiders Place Their Bets
In other news, EVP Debora Shoquist sold 23,084 shares of the company’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 $42,657,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related 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 value of $7,040,620.00. Following the completion of the transaction, the executive vice president now directly owns 139,860 shares of the company’s stock, valued at approximately $42,657,300. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Tench Coxe sold 100,000 shares of NVIDIA stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $379.00, for a total value of $37,900,000.00. Following the completion of the sale, the director now directly owns 3,397,136 shares in the company, valued at approximately $1,287,514,544. The disclosure for this sale can be found here. In the last three months, insiders have sold 368,271 shares of company stock worth $147,115,953. Company insiders own 3.99% of the company’s stock.
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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