Strategic Capital Advisers Inc. Boosts Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Strategic Capital Advisers Inc. boosted its stake in shares of NVIDIA Co. (NASDAQ:NVDAGet Rating) by 3.3% during the first quarter, HoldingsChannel.com reports. The firm owned 5,777 shares of the computer hardware maker’s stock after acquiring an additional 182 shares during the period. Strategic Capital Advisers Inc.’s holdings in NVIDIA were worth $1,576,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. RS Crum Inc. increased its position in shares of NVIDIA by 10.0% in the first quarter. RS Crum Inc. now owns 1,105 shares of the computer hardware maker’s stock worth $301,000 after acquiring an additional 100 shares in the last quarter. Keystone Wealth Services LLC increased its position in shares of NVIDIA by 20.9% in the first quarter. Keystone Wealth Services LLC now owns 1,738 shares of the computer hardware maker’s stock worth $474,000 after acquiring an additional 300 shares in the last quarter. Pasadena Private Wealth LLC increased its position in shares of NVIDIA by 13.2% in the first quarter. Pasadena Private Wealth LLC now owns 1,256 shares of the computer hardware maker’s stock worth $343,000 after acquiring an additional 146 shares in the last quarter. Retirement Capital Strategies increased its position in shares of NVIDIA by 23.4% in the first quarter. Retirement Capital Strategies now owns 1,074 shares of the computer hardware maker’s stock worth $231,000 after acquiring an additional 204 shares in the last quarter. Finally, Arbor Investment Advisors LLC grew its holdings in NVIDIA by 22.0% during the 1st quarter. Arbor Investment Advisors LLC now owns 1,054 shares of the computer hardware maker’s stock valued at $288,000 after purchasing an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 55.19% of the company’s stock.

Insider Activity

In other news, Director John Dabiri sold 2,200 shares of the stock in a transaction on Friday, May 27th. The shares were sold at an average price of $185.59, for a total value of $408,298.00. Following the completion of the transaction, the director now owns 2,712 shares in the company, valued at approximately $503,320.08. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, Director John Dabiri sold 2,200 shares of the stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $185.59, for a total transaction of $408,298.00. Following the completion of the sale, the director now owns 2,712 shares in the company, valued at approximately $503,320.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Stevens sold 113,850 shares of the stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $158.03, for a total transaction of $17,991,715.50. Following the sale, the director now owns 2,596,493 shares of the company’s stock, valued at approximately $410,323,788.79. The disclosure for this sale can be found here. In the last 90 days, insiders sold 139,694 shares of company stock worth $22,850,524. 4.04% of the stock is currently owned by corporate insiders.

NVIDIA Price Performance

NASDAQ:NVDA opened at $181.63 on Friday. The stock has a market cap of $454.08 billion, a P/E ratio of 48.69, a PEG ratio of 2.61 and a beta of 1.64. NVIDIA Co. has a one year low of $140.55 and a one year high of $346.47. The company has a fifty day moving average price of $167.70 and a 200 day moving average price of $208.44. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.32 and a quick ratio of 4.75.

NVIDIA (NASDAQ:NVDAGet Rating) last announced its quarterly earnings data on Wednesday, May 25th. The computer hardware maker reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.09. NVIDIA had a net margin of 32.02% and a return on equity of 43.81%. The company had revenue of $8.29 billion during the quarter, compared to analysts’ expectations of $8.09 billion. During the same quarter in the prior year, the company posted $0.78 EPS. The business’s revenue was up 46.4% on a year-over-year basis. Analysts anticipate that NVIDIA Co. will post 4.48 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Stockholders of record on Thursday, June 9th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date was Wednesday, June 8th. NVIDIA’s dividend payout ratio is 4.29%.

Analyst Ratings Changes

NVDA has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their price target on shares of NVIDIA from $190.00 to $175.00 in a report on Wednesday, July 20th. Bank of America lowered their price target on shares of NVIDIA from $270.00 to $220.00 and set a “buy” rating for the company in a report on Wednesday, June 29th. Benchmark reaffirmed a “buy” rating and set a $228.00 price target (down from $365.00) on shares of NVIDIA in a report on Thursday, May 26th. Truist Financial lowered their price target on shares of NVIDIA to $283.00 in a report on Thursday, May 26th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of NVIDIA from $350.00 to $285.00 in a report on Thursday, May 26th. Seven analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of “Moderate Buy” and a consensus price target of $252.24.

NVIDIA Profile

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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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