Minot Wealth Management LLC added to its position in NVIDIA Co. (NASDAQ: NVDA – Get an assessment) by 0.2% in the 1st quarter, HoldingsChannel reports. The company held 33,916 shares of the hardware maker after buying an additional 61 shares during the period. NVIDIA represents about 2.0% of Minot Wealth Management LLC’s investment portfolio, making the stock its 10th largest holding. Minot Wealth Management LLC’s holdings in NVIDIA were worth $9,254,000 when it last filed with the SEC.
A number of other hedge funds have also recently changed their positions in NVDA. Disciplined Investments LLC bought a new position in NVIDIA during Q4 worth approximately $25,000. Rather & Kittrell Inc. bought a new position in NVIDIA during Q4 worth approximately $26,000. Advanced Research Investment Solutions LLC bought a new position in NVIDIA during Q4, valued at around $29,000. Claremont Financial Group Inc. bought a new position in NVIDIA during Q4, valued at around $29,000. Finally, IFS Advisors LLC bought a new position in NVIDIA stock in the fourth quarter worth about $37,000. 55.19% of the shares are held by hedge funds and other institutional investors.
A number of equity analysts have weighed in on NVDA shares. Credit Suisse Group lowered its price target on NVIDIA shares to $205.00 in a Thursday, May 26 research note. Barclays lowered its price target on NVIDIA shares from $350.00 to $295.00 and set an “overweight” rating for the company in a Monday, April 25 research note. Raymond James lowered his price target on NVIDIA shares from $365.00 to $250.00 in a Thursday, May 26 research note. Sanford C. Bernstein lowered its price target on NVIDIA stock from $325.00 to $225.00 and set an “outperform” rating for the company in a Monday, May 23 research note. Finally, Tigress Financial raised its price target on NVIDIA stock from $400.00 to $410.00 and gave the stock a “buy” rating in a Tuesday, March 29 research note. Seven equity research analysts gave the stock a hold rating, twenty-seven gave the company a buy rating and one gave the company a high buy rating. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $270.97.
Shares of NVDA Stock opened at $171.26 on Monday. The company has a quick ratio of 4.75, a current ratio of 5.32 and a leverage ratio of 0.42. The company’s fifty-day simple moving average is $180.53 and its 200-day simple moving average is $229.83. NVIDIA Co. has a 12-month low of $153.28 and a 12-month high of $346.47. The company has a market capitalization of $428.15 billion, a PE ratio of 45.91, a P/E/G ratio of 2.30 and a beta of 1.59.
NVIDIA (NASDAQ: NVDA – Get an assessment) last released its quarterly earnings data on Wednesday, May 25. The hardware maker reported EPS of $1.36 for the quarter, beating the consensus estimate of $1.29 by $0.07. NVIDIA had a net margin of 32.02% and a return on equity of 43.81%. The company posted revenue of $8.29 billion for the quarter, versus a consensus estimate of $8.09 billion. During the same period of the previous year, the company made earnings per share of $0.78. The company’s quarterly revenue increased 46.4% year over year. On average, stock analysts predict that NVIDIA Co. will post earnings per share of 4.54 for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 1. Investors of record on Thursday, June 9 will receive a dividend of $0.04. The ex-dividend date is Wednesday, June 8. This represents an annualized dividend of $0.16 and a dividend yield of 0.09%. NVIDIA’s dividend payout ratio (DPR) is currently 4.29%.
Separately, director Mark A. Stevens sold 113,850 shares of the company in a transaction dated Monday, June 13. The shares were sold at an average price of $158.03, for a total value of $17,991,715.50. Following the transaction, the administrator now directly owns 2,596,493 shares of the company, valued at $410,323,788.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, available at this hyperlink. Also, director Jean Dabiri sold 2,200 shares of the company in a transaction dated Friday, May 27. The shares were sold at an average price of $185.59, for a total transaction of $408,298.00. Following completion of the transaction, the administrator now owns 2,712 shares of the company, valued at $503,320.08. Disclosure of this sale can be found here. Insiders sold 139,694 shares of the company worth $22,850,524 in the past 90 days. 4.04% of the shares are currently held by company insiders.
NVIDIA Profile (Get an assessment)
NVIDIA Corporation provides graphics, computing, and networking solutions in the United States, Taiwan, China, and around the world. The Company’s Graphics segment offers GeForce GPUs for games and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPU for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for creating 3D designs and virtual worlds.
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