Psagot Investment House Ltd. lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 166.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 136,789 shares of the computer hardware maker’s stock after acquiring an additional 85,379 shares during the quarter. NVIDIA comprises about 1.0% of Psagot Investment House Ltd.’s investment portfolio, making the stock its 24th biggest holding. Psagot Investment House Ltd.’s holdings in NVIDIA were worth $24,562,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc boosted its stake in shares of NVIDIA by 4.0% during the 3rd quarter. Vanguard Group Inc now owns 44,464,641 shares of the computer hardware maker’s stock valued at $12,495,455,000 after buying an additional 1,693,736 shares during the period. BlackRock Inc. raised its holdings in shares of NVIDIA by 1.0% during the 4th quarter. BlackRock Inc. now owns 39,307,194 shares of the computer hardware maker’s stock valued at $5,247,509,000 after purchasing an additional 378,149 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of NVIDIA by 8,687.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 21,509,787 shares of the computer hardware maker’s stock valued at $161,000 after purchasing an additional 21,265,009 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of NVIDIA by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 8,129,007 shares of the computer hardware maker’s stock valued at $1,083,400,000 after purchasing an additional 266,779 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of NVIDIA by 2.7% during the 4th quarter. Northern Trust Corp now owns 6,858,442 shares of the computer hardware maker’s stock valued at $915,601,000 after purchasing an additional 181,259 shares in the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.
In other NVIDIA news, EVP Debora Shoquist sold 5,823 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $185.00, for a total value of $1,077,255.00. Following the completion of the sale, the executive vice president now owns 171,783 shares of the company’s stock, valued at $31,779,855. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Colette Kress sold 14,092 shares of the company’s 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 disclosure for this sale can be found here. Insiders sold 20,029 shares of company stock valued at $3,678,385 in the last ninety days. Insiders own 4.64% of the company’s stock.
Shares of NASDAQ NVDA traded down $2.17 during trading on Friday, reaching $145.15. The company had a trading volume of 8,662,884 shares, compared to its average volume of 14,810,947. NVIDIA Co. has a 52 week low of $124.46 and a 52 week high of $292.76. The company has a market cap of $88.40 billion, a PE ratio of 23.91, a P/E/G ratio of 3.93 and a beta of 1.85. The company has a current ratio of 8.98, a quick ratio of 7.78 and a debt-to-equity ratio of 0.25.
NVIDIA (NASDAQ:NVDA) last announced its earnings results on Thursday, May 16th. The computer hardware maker reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.07. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.20 billion. NVIDIA had a net margin of 30.68% and a return on equity of 31.27%. The company’s revenue was down 30.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.05 earnings per share. As a group, equities research analysts forecast that NVIDIA Co. will post 4.21 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, May 31st will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend is Thursday, May 30th. NVIDIA’s payout ratio is presently 10.54%.
A number of research firms have recently weighed in on NVDA. TheStreet upgraded shares of NVIDIA from a “c+” rating to a “b-” rating in a report on Thursday, April 4th. BidaskClub upgraded shares of NVIDIA from a “buy” rating to a “strong-buy” rating in a report on Friday, April 5th. DZ Bank downgraded shares of NVIDIA to a “sell” rating and set a $170.00 price target on the stock. in a report on Friday, April 12th. Nomura initiated coverage on shares of NVIDIA in a report on Tuesday, April 2nd. They issued a “neutral” rating and a $147.00 target price on the stock. Finally, Zacks Investment Research upgraded shares of NVIDIA from a “strong sell” rating to a “hold” rating in a report on Monday, April 1st. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $198.93.
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NVIDIA Company 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.
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