Gulf International Bank UK Ltd boosted its holdings in Nvidia (NASDAQ:NVDA) by 0.9% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 191,284 shares of the computer hardware maker’s stock after acquiring an additional 1,790 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Nvidia were worth $44,299,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Karp Capital Management Corp purchased a new position in shares of Nvidia in the 1st quarter worth about $222,000. Parallel Advisors LLC boosted its holdings in shares of Nvidia by 11.1% in the 1st quarter. Parallel Advisors LLC now owns 6,170 shares of the computer hardware maker’s stock worth $1,429,000 after purchasing an additional 616 shares in the last quarter. Penserra Capital Management LLC boosted its holdings in shares of Nvidia by 4.2% in the 1st quarter. Penserra Capital Management LLC now owns 46,070 shares of the computer hardware maker’s stock worth $10,668,000 after purchasing an additional 1,851 shares in the last quarter. US Bancorp DE boosted its holdings in shares of Nvidia by 3.8% in the 1st quarter. US Bancorp DE now owns 35,400 shares of the computer hardware maker’s stock worth $8,198,000 after purchasing an additional 1,303 shares in the last quarter. Finally, Meridian Wealth Management LLC boosted its holdings in shares of Nvidia by 511.8% in the 1st quarter. Meridian Wealth Management LLC now owns 23,984 shares of the computer hardware maker’s stock worth $5,554,000 after purchasing an additional 20,064 shares in the last quarter. Institutional investors and hedge funds own 65.00% of the company’s stock.
Several brokerages recently weighed in on NVDA. Cowen began coverage on Nvidia in a report on Thursday. They set an “outperform” rating and a $325.00 target price for the company. Vetr cut Nvidia from a “strong-buy” rating to a “buy” rating and set a $275.09 target price for the company. in a report on Monday, March 12th. UBS increased their target price on Nvidia from $250.00 to $266.00 and gave the company a “neutral” rating in a report on Friday, May 11th. B. Riley increased their target price on Nvidia from $290.00 to $300.00 and gave the company a “buy” rating in a report on Friday, May 11th. Finally, Morgan Stanley upgraded Nvidia from an “equal weight” rating to an “overweight” rating and set a $258.00 target price for the company in a report on Monday, April 9th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $255.65.
In related news, EVP Debora Shoquist sold 32,049 shares of the firm’s stock in a transaction that occurred on Tuesday, March 27th. The stock was sold at an average price of $239.45, for a total transaction of $7,674,133.05. Following the completion of the transaction, the executive vice president now owns 201,796 shares of the company’s stock, valued at approximately $48,320,052.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Ajay K. Puri sold 38,676 shares of the firm’s stock in a transaction that occurred on Tuesday, May 15th. The shares were sold at an average price of $255.36, for a total value of $9,876,303.36. Following the transaction, the executive vice president now directly owns 508,962 shares of the company’s stock, valued at approximately $129,968,536.32. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 624 shares of company stock valued at $10,998 and have sold 75,969 shares valued at $18,708,706. 4.70% of the stock is owned by company insiders.
Shares of Nvidia opened at $245.94 on Monday, Marketbeat reports. Nvidia has a 52-week low of $135.22 and a 52-week high of $260.50. The company has a market capitalization of $149.29 billion, a PE ratio of 43.15, a PEG ratio of 3.39 and a beta of 1.52. The company has a debt-to-equity ratio of 0.26, a current ratio of 8.54 and a quick ratio of 7.82.
Nvidia (NASDAQ:NVDA) last posted its quarterly earnings data on Thursday, May 10th. The computer hardware maker reported $2.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.58. Nvidia had a return on equity of 52.18% and a net margin of 34.44%. The company had revenue of $3.21 billion during the quarter, compared to analyst estimates of $2.88 billion. During the same quarter last year, the company earned $0.85 EPS. The firm’s revenue for the quarter was up 65.6% on a year-over-year basis. equities research analysts forecast that Nvidia will post 7.08 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Thursday, May 24th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date is Wednesday, May 23rd. Nvidia’s dividend payout ratio (DPR) is presently 12.85%.
Nvidia Company Profile
NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.
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