Breiter Capital Management Inc. acquired a new stake in Nvidia (NASDAQ:NVDA) during the first quarter, according to its most recent filing with the SEC. The firm acquired 1,182 shares of the computer hardware maker’s stock, valued at approximately $274,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. SB Investment Advisers UK Ltd. bought a new position in shares of Nvidia in the 4th quarter worth $5,200,218,000. Prudential Financial Inc. boosted its position in shares of Nvidia by 97.4% in the 1st quarter. Prudential Financial Inc. now owns 1,711,921 shares of the computer hardware maker’s stock worth $396,464,000 after purchasing an additional 844,514 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Nvidia by 7.7% in the 4th quarter. Geode Capital Management LLC now owns 7,194,300 shares of the computer hardware maker’s stock worth $1,389,500,000 after purchasing an additional 512,166 shares during the last quarter. Old Mutual Global Investors UK Ltd. boosted its position in shares of Nvidia by 71.3% in the 4th quarter. Old Mutual Global Investors UK Ltd. now owns 1,028,663 shares of the computer hardware maker’s stock worth $199,046,000 after purchasing an additional 428,046 shares during the last quarter. Finally, Global X Management Co. LLC boosted its position in shares of Nvidia by 59.8% in the 1st quarter. Global X Management Co. LLC now owns 984,474 shares of the computer hardware maker’s stock worth $227,994,000 after purchasing an additional 368,429 shares during the last quarter. Hedge funds and other institutional investors own 66.89% of the company’s stock.
NVDA opened at $247.71 on Friday. Nvidia has a 1 year low of $242.51 and a 1 year high of $248.51. The stock has a market capitalization of $149.06 billion, a price-to-earnings ratio of 53.04, a PEG ratio of 3.38 and a beta of 1.52. The company has a debt-to-equity ratio of 0.26, a quick ratio of 7.82 and a current ratio of 8.54.
Nvidia (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, May 10th. The computer hardware maker reported $2.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.58. The firm had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $2.88 billion. Nvidia had a return on equity of 52.18% and a net margin of 34.44%. The company’s revenue for the quarter was up 65.6% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. analysts expect that Nvidia will post 7.08 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Thursday, May 24th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend is Wednesday, May 23rd. Nvidia’s dividend payout ratio is currently 12.85%.
Several research analysts have recently issued reports on NVDA shares. Vetr lowered Nvidia from a “hold” rating to a “sell” rating and set a $234.76 price target on the stock. in a research report on Monday, January 29th. Argus raised their price target on Nvidia from $250.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, March 22nd. They noted that the move was a valuation call. Royal Bank of Canada raised their price target on Nvidia to $300.00 and gave the stock an “outperform” rating in a research report on Friday, May 11th. BidaskClub upgraded Nvidia from a “buy” rating to a “strong-buy” rating in a report on Friday, February 16th. Finally, Citigroup lifted their target price on Nvidia from $300.00 to $380.00 and gave the stock a “buy” rating in a report on Friday, May 11th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $255.65.
In related news, Director Persis Drell sold 5,141 shares of Nvidia stock in a transaction dated Wednesday, March 28th. The stock was sold at an average price of $220.73, for a total value of $1,134,772.93. Following the sale, the director now owns 20,963 shares of the company’s stock, valued at $4,627,162.99. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ajay K. Puri sold 38,676 shares of Nvidia stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $255.36, for a total value of $9,876,303.36. Following the completion of the sale, the executive vice president now directly owns 508,962 shares in the company, valued at approximately $129,968,536.32. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 624 shares of company stock worth $10,998 and sold 75,969 shares worth $18,708,706. 4.70% of the stock is currently owned by insiders.
NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.
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