Murphy Capital Management Inc. lessened its stake in NVIDIA Co. (NASDAQ: NVDA – Get Rating) by 10.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,693 shares of the computer hardware maker’s stock after selling 420 shares during the quarter. Murphy Capital Management Inc.’s holdings in NVIDIA were worth $ 1,007,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of NVIDIA by 2.1% during the 4th quarter. BlackRock Inc. now owns 177,839,722 shares of the computer hardware maker’s stock worth $ 52,304,441,000 after acquiring an additional 3,591,440 shares in the last quarter. Geode Capital Management LLC raised its position in shares of NVIDIA by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 41,888,133 shares of the computer hardware maker’s stock worth $ 12,287,340,000 after acquiring an additional 1,505,461 shares in the last quarter. Northern Trust Corp raised its position in shares of NVIDIA by 0.3% during the 4th quarter. Northern Trust Corp now owns 28,364,911 shares of the computer hardware maker’s stock worth $ 8,342,404,000 after acquiring an additional 88,332 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of NVIDIA by 294.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 24,476,208 shares of the computer hardware maker’s stock worth $ 5,070,488,000 after acquiring an additional 18,277,063 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of NVIDIA during the 4th quarter worth about $ 6,279,217,000. Institutional investors and hedge funds own 55.19% of the company stock.
Several research analysts have commented on NVDA shares. Susquehanna Bancshares cut their price target on NVIDIA from $ 280.00 to $ 260.00 and set a “positive” rating on the stock in a research report on Thursday, May 26th. Atlantic Securities cut their price target on NVIDIA to $ 205.00 in a research report on Thursday, May 26th. Wells Fargo & Company cut their price target on NVIDIA from $ 370.00 to $ 250.00 and set an “overweight” rating on the stock in a research report on Friday, May 20th. Susquehanna cut their price target on NVIDIA from $ 280.00 to $ 260.00 in a research report on Thursday, May 26th. Finally, Needham & Company LLC cut their price target on NVIDIA from $ 400.00 to $ 240.00 and set a “buy” rating on the stock in a research report on Thursday, May 26th. Seven research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA currently has a consensus rating of “Buy” and a consensus price target of $ 270.97.
NASDAQ NVDA opened at $ 158.80 on Monday. NVIDIA Co. has a fifty-two week low of $ 153.28 and a fifty-two week high of $ 346.47. The stock has a market cap of $ 397 billion, a price-to-earnings ratio of 42.57, a price-to-earnings-growth ratio of 2.13 and a beta of 1.59. The business has a fifty day moving average of $ 185.73 and a 200-day moving average of $ 234.99. The company has a quick ratio of 4.75, a current ratio of 5.32 and a debt-to-equity ratio of 0.42.
NVIDIA (NASDAQ: NVDA – Get Rating) last released its quarterly earnings results on Wednesday, May 25th. The computer hardware maker reported $ 1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $ 1.29 by $ 0.07. NVIDIA had a return on equity of 43.81% and a net margin of 32.02%. The company had revenue of $ 8.29 billion during the quarter, compared to analysts’ expectations of $ 8.09 billion. During the same period in the previous year, the firm posted $ 0.78 earnings per share. The business’s revenue for the quarter was up 46.4% compared to the same quarter last year. As a group, analysts anticipate that NVIDIA Co. will post 4.55 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Stockholders of record on Thursday, June 9th will be issued a $ 0.04 dividend. The ex-dividend date of this dividend is Wednesday, June 8th. This represents a $ 0.16 dividend on an annualized basis and a dividend yield of 0.10%. NVIDIA’s dividend payout ratio (DPR) is 4.29%.
In related news, Director Tench Coxe sold 100,000 shares of the company stock in a transaction on Monday, March 28th. The stock was sold at an average price of $ 274.06, for a total value of $ 27,406,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 113,850 shares of the company stock in a transaction on Monday, June 13th. The shares were sold at an average price of $ 158.03, for a total value of $ 17,991,715.50. Following the completion of the transaction, the director now owns 2,596,493 shares of the company stock, valued at $ 410,323,788.79. The disclosure for this sale can be found here. Over the last three months, insiders sold 239,694 shares of company stock valued at $ 50,256,524. Insiders own 4.04% of the company stock.
NVIDIA Profile: (Get Rating)
NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company 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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