Family Management Corp Raises Stake in NVIDIA Co. (NASDAQ:NVDA)

Family Management Corp raised its stake in shares of NVIDIA Co. (NASDAQ:NVDAGet Rating) by 10.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,688 shares of the computer hardware maker’s stock after buying an additional 349 shares during the quarter. Family Management Corp’s holdings in NVIDIA were worth $1,006,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Rather & Kittrell Inc. purchased a new position in shares of NVIDIA during the fourth quarter worth about $26,000. Emerson Wealth LLC purchased a new position in NVIDIA in the 1st quarter worth approximately $27,000. Roble Belko & Company Inc increased its holdings in shares of NVIDIA by 550.0% in the 1st quarter. Roble Belko & Company Inc now owns 104 shares of the computer hardware maker’s stock worth $28,000 after buying an additional 88 shares during the last quarter. Clear Perspectives Financial Planning LLC purchased a new stake in shares of NVIDIA during the 1st quarter valued at $28,000. Finally, Claremont Financial Group Inc. bought a new position in NVIDIA in the fourth quarter valued at $29,000. 62.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on NVDA shares. KeyCorp cut their price objective on NVIDIA from $250.00 to $230.00 and set an “overweight” rating for the company in a report on Tuesday, July 12th. Robert W. Baird decreased their price target on shares of NVIDIA from $150.00 to $135.00 and set a “neutral” rating on the stock in a research note on Thursday, August 25th. Bank of America reduced their target price on shares of NVIDIA from $270.00 to $220.00 and set a “buy” rating on the stock in a report on Wednesday, June 29th. StockNews.com cut NVIDIA from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Daiwa Capital Markets lowered NVIDIA from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $215.00 to $133.00 in a research note on Friday, September 2nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $217.26.

NVIDIA Stock Up 0.8 %

Shares of NASDAQ:NVDA opened at $145.05 on Tuesday. The company has a current ratio of 3.62, a quick ratio of 3.11 and a debt-to-equity ratio of 0.41. The stock has a fifty day simple moving average of $166.39 and a two-hundred day simple moving average of $191.49. NVIDIA Co. has a 12-month low of $132.70 and a 12-month high of $346.47. The stock has a market capitalization of $361.17 billion, a price-to-earnings ratio of 47.56, a PEG ratio of 4.73 and a beta of 1.69.

NVIDIA (NASDAQ:NVDAGet Rating) last posted its quarterly earnings results on Wednesday, August 24th. The computer hardware maker reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.05). NVIDIA had a return on equity of 36.83% and a net margin of 26.03%. The company had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $6.70 billion. During the same period in the prior year, the firm earned $0.89 EPS. NVIDIA’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, research analysts anticipate that NVIDIA Co. will post 2.48 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Thursday, September 8th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.11%. The ex-dividend date is Wednesday, September 7th. NVIDIA’s dividend payout ratio (DPR) is currently 5.25%.

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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