Resources Investment Advisors Inc. increased its holdings in NVIDIA Co. (NASDAQ:NVDA) by 24.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 386 shares of the computer hardware maker’s stock after acquiring an additional 75 shares during the quarter. Resources Investment Advisors Inc.’s holdings in NVIDIA were worth $69,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. TD Capital Management LLC purchased a new stake in NVIDIA during the 4th quarter valued at about $27,000. Swedbank grew its position in NVIDIA by 50.4% during the 4th quarter. Swedbank now owns 2,547,600 shares of the computer hardware maker’s stock valued at $340,487,000 after purchasing an additional 854,050 shares during the last quarter. Norges Bank purchased a new stake in NVIDIA during the 4th quarter valued at about $737,230,000. Girard Partners LTD. grew its position in NVIDIA by 25.1% during the 4th quarter. Girard Partners LTD. now owns 2,300 shares of the computer hardware maker’s stock valued at $307,000 after purchasing an additional 461 shares during the last quarter. Finally, ACG Wealth grew its position in NVIDIA by 5.5% during the 1st quarter. ACG Wealth now owns 30,488 shares of the computer hardware maker’s stock valued at $5,474,000 after purchasing an additional 1,600 shares during the last quarter. Institutional investors own 67.56% of the company’s stock.
Several equities analysts have recently weighed in on NVDA shares. Zacks Investment Research cut shares of NVIDIA from a “buy” rating to a “hold” rating in a research note on Thursday, May 16th. BidaskClub cut shares of NVIDIA from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 16th. Summit Redstone cut shares of NVIDIA to a “hold” rating in a research note on Friday, May 17th. ValuEngine upgraded shares of NVIDIA from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. Finally, Tigress Financial reiterated a “buy” rating on shares of NVIDIA in a research note on Wednesday, March 20th. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $198.38.
NASDAQ NVDA traded down $3.98 on Wednesday, hitting $146.77. 3,694,258 shares of the stock were exchanged, compared to its average volume of 14,457,457. The company has a quick ratio of 7.78, a current ratio of 8.98 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $88.61 billion, a price-to-earnings ratio of 24.18, a PEG ratio of 3.70 and a beta of 2.03. NVIDIA Co. has a 52-week low of $124.46 and a 52-week high of $292.76.
NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Thursday, May 16th. The computer hardware maker reported $0.88 EPS for the quarter, topping the consensus estimate of $0.81 by $0.07. The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.20 billion. NVIDIA had a net margin of 30.68% and a return on equity of 31.27%. NVIDIA’s quarterly revenue was down 30.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.05 earnings per share. Equities research analysts anticipate that NVIDIA Co. will post 4.19 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, May 31st will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend is Thursday, May 30th. NVIDIA’s dividend payout ratio is currently 10.54%.
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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.
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