Rampart Investment Management Company LLC grew its stake in NVIDIA Co. (NASDAQ:NVDA) by 125.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,233 shares of the computer hardware maker’s stock after acquiring an additional 10,131 shares during the quarter. Rampart Investment Management Company LLC’s holdings in NVIDIA were worth $4,223,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of NVDA. BB&T Corp acquired a new stake in shares of NVIDIA during the 4th quarter worth about $244,000. American Century Companies Inc. acquired a new stake in shares of NVIDIA during the 4th quarter worth about $4,093,000. Claraphi Advisory Network LLC acquired a new stake in shares of NVIDIA during the 4th quarter worth about $850,000. Deltec Asset Management LLC acquired a new stake in shares of NVIDIA during the 4th quarter worth about $290,000. Finally, Calton & Associates Inc. acquired a new stake in shares of NVIDIA during the 4th quarter worth about $890,000. 65.06% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently issued reports on NVDA. B. Riley raised their price objective on NVIDIA from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, May 11th. Mizuho raised their target price on NVIDIA to $280.00 and gave the company a “buy” rating in a report on Friday, May 11th. UBS Group raised their target price on NVIDIA from $250.00 to $266.00 and gave the company a “neutral” rating in a report on Friday, May 11th. Sanford C. Bernstein set a $300.00 target price on NVIDIA and gave the company a “buy” rating in a report on Sunday, May 13th. Finally, Stifel Nicolaus raised their target price on NVIDIA from $184.00 to $220.00 and gave the company a “hold” rating in a report on Friday, February 9th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $260.06.
In other NVIDIA news, insider Michael Byron sold 15,131 shares of NVIDIA stock in a transaction that occurred on Monday, May 21st. The stock was sold at an average price of $245.02, for a total transaction of $3,707,397.62. Following the transaction, the insider now owns 92,285 shares of the company’s stock, valued at $22,611,670.70. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Persis Drell sold 5,141 shares of NVIDIA stock in a transaction that occurred on 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 transaction, the director now directly owns 20,963 shares in the company, valued at approximately $4,627,162.99. The disclosure for this sale can be found here. Insiders have sold a total of 201,926 shares of company stock worth $50,594,931 in the last three months. Corporate insiders own 4.70% of the company’s stock.
Shares of NVIDIA opened at $265.15 on Thursday, according to Marketbeat Ratings. The company has a current ratio of 8.54, a quick ratio of 7.82 and a debt-to-equity ratio of 0.26. NVIDIA Co. has a fifty-two week low of $138.58 and a fifty-two week high of $260.50. The stock has a market cap of $160.90 billion, a PE ratio of 56.78, a price-to-earnings-growth ratio of 3.65 and a beta of 1.54.
NVIDIA (NASDAQ:NVDA) last issued its earnings results on Thursday, May 10th. The computer hardware maker reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.58. NVIDIA had a return on equity of 52.18% and a net margin of 34.44%. The business had revenue of $3.21 billion for the quarter, compared to analyst estimates of $2.88 billion. During the same quarter last year, the company earned $0.85 EPS. The business’s quarterly revenue was up 65.6% on a year-over-year basis. equities analysts forecast that NVIDIA Co. will post 7.08 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Thursday, May 24th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend is Wednesday, May 23rd. NVIDIA’s dividend payout ratio (DPR) is presently 12.85%.
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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