Stewart Asset Management LLC trimmed its position in shares of NVIDIA Co. (NASDAQ: NVDA – Get Rating) by 22.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 38,827 shares of the computer hardware maker’s stock after selling 11,554 shares during the quarter. NVIDIA comprises about 5.9% of Stewart Asset Management LLC’s investment portfolio, making its stock its 6th largest holding. Stewart Asset Management LLC’s holdings in NVIDIA were worth $ 11,419,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the business. Ascension Asset Management LLC raised its position in shares of NVIDIA by 300.0% in the 3rd quarter. Ascension Asset Management LLC now owns 19,540 shares of the computer hardware maker’s stock valued at $ 4,048,000 after purchasing an additional 14,655 shares during the last quarter. Boston Trust Walden Corp raised its position in NVIDIA by 27.5% during the 4th quarter. Boston Trust Walden Corp now owns 1,300 shares of the computer hardware maker’s stock worth $ 382,000 after buying an additional 280 shares during the last quarter. Cypress Capital Management LLC raised its position in NVIDIA by 300.0% during the 4th quarter. Cypress Capital Management LLC now owns 1,092 shares of the computer hardware maker’s stock worth $ 321,000 after buying an additional 819 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in NVIDIA by 948.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 41,388 shares of the computer hardware maker’s stock worth $ 12,173,000 after buying an additional 37,439 shares during the last quarter. Finally, LCM Capital Management Inc raised its position in NVIDIA by 10.2% during the 4th quarter. LCM Capital Management Inc now owns 4,337 shares of the computer hardware maker’s stock worth $ 1,276,000 after buying an additional 401 shares during the last quarter. 55.19% of the stock is owned by institutional investors and hedge funds.
NVDA has been the subject of a number of recent research reports. Piper Sandler reduced their price target on shares of NVIDIA from $ 350.00 to $ 250.00 and set an “overweight” rating for the company in a research report on Wednesday, May 25th. Morgan Stanley dropped their price objective on shares of NVIDIA from $ 217.00 to $ 182.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 26th. Mizuho dropped their price objective on shares of NVIDIA from $ 345.00 to $ 290.00 and set a “buy” rating on the stock in a research note on Thursday, May 26th. Credit Suisse Group dropped their price objective on shares of NVIDIA to $ 205.00 in a research note on Thursday, May 26th. Finally, Susquehanna Bancshares dropped their price objective on shares of NVIDIA from $ 280.00 to $ 260.00 and set a “positive” rating on the stock in a research note on Thursday, May 26th. Seven equities 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $ 270.97.
In related news, Director Mark A. Stevens sold 113,850 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 2,596,493 shares in the company, valued at approximately $ 410,323,788.79. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Tench Coxe sold 100,000 shares of the business’s stock in a transaction dated Monday, March 28th. The shares were sold at an average price of $ 274.06, for a total transaction of $ 27,406,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 239,694 shares of company stock worth $ 50,256,524. Insiders own 4.04% of the company stock.
NASDAQ NVDA opened at $ 158.80 on Friday. NVIDIA Co. has a 52 week low of $ 153.28 and a 52 week high of $ 346.47. The company has a quick ratio of 4.75, a current ratio of 5.32 and a debt-to-equity ratio of 0.42. The business’s fifty day simple moving average is $ 185.73 and its 200-day simple moving average is $ 236.14. The firm has a market cap of $ 397 billion, a PE ratio of 42.57, a P / E / G ratio of 2.22 and a beta of 1.59.
NVIDIA (NASDAQ: NVDA – Get Rating) last posted its quarterly earnings results on Wednesday, May 25th. The computer hardware maker reported $ 1.36 EPS for the quarter, topping the consensus estimate of $ 1.29 by $ 0.07. NVIDIA had a return on equity of 43.81% and a net margin of 32.02%. The business had revenue of $ 8.29 billion for the quarter, compared to analyst estimates of $ 8.09 billion. During the same quarter in the previous year, the firm earned $ 0.78 EPS. The company quarterly revenue was up 46.4% compared to the same quarter last year. Research analysts expect 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 dividend of $ 0.04 per share. The ex-dividend date of this dividend is Wednesday, June 8th. This represents a $ 0.16 annualized dividend and a dividend yield of 0.10%. NVIDIA’s dividend payout ratio is presently 4.29%.
NVIDIA Company 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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