E&G Advisors LP Sells 135 Shares of NVIDIA Co. (NASDAQ:NVDA)

E&G Advisors LP lessened its holdings in NVIDIA Co. (NASDAQ:NVDAGet Rating) by 2.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 4,516 shares of the computer hardware maker’s stock after selling 135 shares during the period. E&G Advisors LP’s holdings in NVIDIA were worth $1,232,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. New World Advisors LLC grew its position in shares of NVIDIA by 227.3% during the 3rd quarter. New World Advisors LLC now owns 1,509 shares of the computer hardware maker’s stock worth $343,000 after buying an additional 1,048 shares in the last quarter. EagleClaw Capital Managment LLC grew its position in shares of NVIDIA by 292.7% during the 3rd quarter. EagleClaw Capital Managment LLC now owns 49,804 shares of the computer hardware maker’s stock worth $10,318,000 after buying an additional 37,123 shares in the last quarter. Legacy Wealth Planning LLC grew its position in shares of NVIDIA by 303.5% during the 3rd quarter. Legacy Wealth Planning LLC now owns 4,604 shares of the computer hardware maker’s stock worth $954,000 after buying an additional 3,463 shares in the last quarter. Dark Forest Capital Management LP bought a new position in shares of NVIDIA during the 3rd quarter worth $50,000. Finally, Tudor Investment Corp Et Al grew its position in shares of NVIDIA by 300.0% during the 3rd quarter. Tudor Investment Corp Et Al now owns 19,276 shares of the computer hardware maker’s stock worth $3,993,000 after buying an additional 14,457 shares in the last quarter. 55.19% of the stock is currently owned by institutional investors.

Shares of NASDAQ:NVDA opened at $163.60 on Thursday. NVIDIA Co. has a 52-week low of $153.28 and a 52-week high of $346.47. The stock has a market cap of $409 billion, a price-to-earnings ratio of 43.86, a PEG ratio of 2.13 and a beta of 1.59. The company has a quick ratio of 4.75, a current ratio of 5.32 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average price of $182.37 and a 200-day moving average price of $232.99.

NVIDIA (NASDAQ:NVDAGet Rating) last announced its quarterly earnings data on Wednesday, May 25th. The computer hardware maker reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.07. NVIDIA had a return on equity of 43.81% and a net margin of 32.02%. The firm had revenue of $8.29 billion during the quarter, compared to analysts’ expectations of $8.09 billion. During the same period last year, the business posted $0.78 earnings per share. The company’s revenue for the quarter was up 46.4% compared to the same quarter last year. As a group, equities analysts anticipate that NVIDIA Co. will post 4.54 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Thursday, June 9th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.10%. The ex-dividend date is Wednesday, June 8th. NVIDIA’s dividend payout ratio (DPR) is 4.29%.

In related news, Director John Dabiri sold 2,200 shares of the firm’s stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $185.59, for a total transaction of $408,298.00. Following the sale, the director now directly owns 2,712 shares of the company’s stock, valued at $503,320.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 113,850 shares of the firm’s stock in a transaction that occurred on Monday, June 13th. The shares were sold at an average price of $158.03, for a total value of $17,991,715.50. Following the completion of the sale, the director now directly owns 2,596,493 shares in the company, valued at $410,323,788.79. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 239,694 shares of company stock worth $50,256,524. 4.04% of the stock is owned by corporate insiders.

A number of equities analysts have recently issued reports on NVDA shares. Robert W. Baird dropped their price target on NVIDIA from $225.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday, May 27th. Wedbush dropped their price target on NVIDIA from $300.00 to $190.00 and set a “neutral” rating on the stock in a research report on Thursday, May 19th. The Goldman Sachs Group assumed coverage on NVIDIA in a research note on Monday, March 7th. They set a “neutral” rating and a $245.00 price objective for the company. Benchmark restated a “buy” rating and set a $228.00 price objective (down from $365.00) on shares of NVIDIA in a research note on Thursday, May 26th. Finally, Atlantic Securities decreased their price objective on NVIDIA to $205.00 in a research note on Thursday, May 26th. Seven research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and an average target price of $270.97.

NVIDIA Profile (Get Rating)

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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