Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 6.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,428 shares of the computer hardware maker’s stock after buying an additional 2,150 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in NVIDIA were worth $6,361,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of NVDA. Vanguard Group Inc increased its holdings in NVIDIA by 4.0% during the third quarter. Vanguard Group Inc now owns 44,464,641 shares of the computer hardware maker’s stock worth $12,495,455,000 after buying an additional 1,693,736 shares during the last quarter. BlackRock Inc. increased its holdings in NVIDIA by 1.0% during the fourth quarter. BlackRock Inc. now owns 39,307,194 shares of the computer hardware maker’s stock worth $5,247,509,000 after buying an additional 378,149 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in NVIDIA by 8,687.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,509,787 shares of the computer hardware maker’s stock worth $161,000 after buying an additional 21,265,009 shares during the last quarter. Geode Capital Management LLC increased its holdings in NVIDIA by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 8,129,007 shares of the computer hardware maker’s stock worth $1,083,400,000 after buying an additional 266,779 shares during the last quarter. Finally, Baillie Gifford & Co. increased its holdings in NVIDIA by 16.0% during the first quarter. Baillie Gifford & Co. now owns 7,647,342 shares of the computer hardware maker’s stock worth $1,373,156,000 after buying an additional 1,052,689 shares during the last quarter. Institutional investors own 67.56% of the company’s stock.
In other news, EVP Debora Shoquist sold 5,823 shares of the 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 transaction, the executive vice president now owns 171,783 shares in the company, valued at approximately $31,779,855. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Colette Kress sold 14,092 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was 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. 4.64% of the stock is currently owned by corporate insiders.
NVIDIA stock traded down $3.62 during mid-day trading on Friday, reaching $144.64. The stock had a trading volume of 9,206,150 shares, compared to its average volume of 14,309,731. The stock has a market cap of $89.04 billion, a price-to-earnings ratio of 23.83, a PEG ratio of 3.72 and a beta of 2.03. NVIDIA Co. has a one year low of $124.46 and a one year high of $292.76. The company has a debt-to-equity ratio of 0.25, a current ratio of 8.98 and a quick ratio of 7.78.
NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, May 16th. The computer hardware maker reported $0.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.07. The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.20 billion. NVIDIA had a net margin of 30.68% and a return on equity of 31.27%. NVIDIA’s revenue was down 30.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.05 EPS. On average, equities analysts expect that NVIDIA Co. will post 4.19 EPS for the current fiscal year.
The business 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 dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.44%. The ex-dividend date is Thursday, May 30th. NVIDIA’s dividend payout ratio is currently 10.54%.
Several equities analysts have recently weighed in on the stock. Stifel Nicolaus reduced their target price on shares of NVIDIA from $150.00 to $145.00 and set a “hold” rating for the company in a research note on Tuesday, May 14th. Morgan Stanley boosted their price objective on shares of NVIDIA from $148.00 to $170.00 and gave the company an “equal weight” rating in a research note on Monday, May 13th. Royal Bank of Canada boosted their price objective on shares of NVIDIA to $200.00 and gave the company an “outperform” rating in a research note on Monday, May 13th. BidaskClub cut shares of NVIDIA from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Finally, UBS Group reduced their price objective on shares of NVIDIA from $210.00 to $195.00 and set a “buy” rating for the company in a research note on Friday, May 17th. Four equities 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 a consensus rating of “Hold” and an average price target of $198.38.
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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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