SVA Plumb Wealth Management LLC Purchases New Position in NVIDIA Co. (NVDA)

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SVA Plumb Wealth Management LLC purchased a new position in NVIDIA Co. (NASDAQ:NVDA) during the 1st quarter, HoldingsChannel.com reports. The fund purchased 1,187 shares of the computer hardware maker’s stock, valued at approximately $213,000.

A number of other hedge funds also recently bought and sold shares of the stock. Harvest Group Wealth Management LLC bought a new stake in shares of NVIDIA in the 1st quarter valued at about $30,000. Truvestments Capital LLC bought a new stake in shares of NVIDIA in the 1st quarter valued at about $33,000. Creative Financial Designs Inc. ADV boosted its holdings in shares of NVIDIA by 181.2% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 194 shares of the computer hardware maker’s stock valued at $35,000 after buying an additional 125 shares in the last quarter. TD Capital Management LLC bought a new stake in shares of NVIDIA in the 4th quarter valued at about $27,000. Finally, Paragon Capital Management LLC bought a new stake in shares of NVIDIA in the 1st quarter valued at about $36,000. 70.03% of the stock is currently owned by institutional investors.

NASDAQ NVDA traded up $3.56 on Tuesday, hitting $155.31. 4,934,069 shares of the company’s stock traded hands, compared to its average volume of 15,001,209. The company has a current ratio of 7.94, a quick ratio of 6.76 and a debt-to-equity ratio of 0.21. NVIDIA Co. has a 1-year low of $124.46 and a 1-year high of $292.76. The stock has a market cap of $95.25 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 3.84 and a beta of 1.85.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, May 16th. The computer hardware maker reported $0.88 EPS for the quarter, beating the consensus estimate of $0.81 by $0.07. NVIDIA had a net margin of 30.68% and a return on equity of 31.69%. The business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.20 billion. During the same period in the previous year, the business posted $2.05 EPS. The business’s quarterly revenue was down 30.8% compared to the same quarter last year. Analysts forecast that NVIDIA Co. will post 4.44 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, May 31st will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend is Thursday, May 30th. NVIDIA’s payout ratio is 10.54%.

In other NVIDIA news, CFO Colette Kress sold 14,092 shares of NVIDIA stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $183.33, for a total transaction of $2,583,486.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Debora Shoquist sold 5,823 shares of NVIDIA stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $185.00, for a total transaction of $1,077,255.00. Following the sale, the executive vice president now owns 171,783 shares of the company’s stock, valued at $31,779,855. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,029 shares of company stock valued at $3,678,385. Company insiders own 4.64% of the company’s stock.

A number of analysts have recently weighed in on the stock. Summit Redstone cut shares of NVIDIA to a “hold” rating in a report on Friday. Summit Insights cut shares of NVIDIA from a “buy” rating to a “hold” rating and set a $158.57 price target on the stock. in a report on Friday. UBS Group lowered their price target on shares of NVIDIA from $210.00 to $195.00 and set a “buy” rating on the stock in a report on Friday. Zacks Investment Research cut shares of NVIDIA from a “buy” rating to a “hold” rating in a report on Thursday, May 16th. Finally, Stifel Nicolaus lowered their price target on shares of NVIDIA from $150.00 to $145.00 and set a “hold” rating on the stock in a report on Tuesday, May 14th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-five have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $198.93.

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NVIDIA Profile

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

See Also: Insider Trading – What You Need to Know

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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