NVIDIA Co. (NASDAQ:NVDA) is Jacobs & Co. CA’s 2nd Largest Position

Jacobs & Co. CA reduced its position in NVIDIA Co. (NASDAQ:NVDA) by 0.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 327,908 shares of the computer hardware maker’s stock after selling 1,844 shares during the period. NVIDIA makes up about 3.8% of Jacobs & Co. CA’s investment portfolio, making the stock its 2nd biggest position. Jacobs & Co. CA’s holdings in NVIDIA were worth $35,538,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of NVDA. Legacy Wealth Management LLC MS raised its holdings in NVIDIA by 69.3% in the 1st quarter. Legacy Wealth Management LLC MS now owns 46,293 shares of the computer hardware maker’s stock worth $5,017,000 after purchasing an additional 18,956 shares during the period. Lederer & Associates Investment Counsel CA increased its holdings in shares of NVIDIA by 1.8% in the first quarter. Lederer & Associates Investment Counsel CA now owns 54,791 shares of the computer hardware maker’s stock worth $5,938,000 after purchasing an additional 988 shares during the last quarter. Waller Financial Planning Group Inc. increased its holdings in shares of NVIDIA by 29.2% in the first quarter. Waller Financial Planning Group Inc. now owns 5,200 shares of the computer hardware maker’s stock worth $564,000 after purchasing an additional 1,176 shares during the last quarter. Kera Capital Partners Inc. increased its holdings in shares of NVIDIA by 0.4% in the first quarter. Kera Capital Partners Inc. now owns 365,784 shares of the computer hardware maker’s stock worth $39,644,000 after purchasing an additional 1,332 shares during the last quarter. Finally, Penbrook Management LLC bought a new stake in shares of NVIDIA in the first quarter worth about $566,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Price Performance

Shares of NVDA opened at $141.72 on Monday. NVIDIA Co. has a 1-year low of $86.62 and a 1-year high of $195.95. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The firm has a market capitalization of $3.46 trillion, a PE ratio of 55.77, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12. The company’s fifty day moving average price is $118.45 and its 200-day moving average price is $126.10.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $44.06 billion during the quarter, compared to analysts’ expectations of $43.09 billion. During the same period in the previous year, the company posted $0.61 earnings per share. NVIDIA’s revenue for the quarter was up 69.2% compared to the same quarter last year. On average, equities research analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be given a dividend of $0.01 per share. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 1.29%.

Analyst Ratings Changes

NVDA has been the subject of several recent research reports. Seaport Res Ptn upgraded NVIDIA to a “strong sell” rating in a research report on Wednesday, April 30th. Raymond James boosted their price target on NVIDIA from $150.00 to $165.00 and gave the company a “strong-buy” rating in a report on Thursday, May 29th. Benchmark reiterated a “buy” rating and issued a $190.00 price target on shares of NVIDIA in a report on Thursday, May 29th. HSBC lowered NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 price target for the company. in a report on Thursday, April 3rd. Finally, DA Davidson boosted their price target on NVIDIA from $120.00 to $135.00 and gave the company a “neutral” rating in a report on Thursday, May 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-six have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $171.66.

Insider Buying and Selling

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $525,600.00. Following the completion of the sale, the insider now owns 479,428 shares of the company’s stock, valued at $55,997,190.40. This represents a 0.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Mark A. Stevens sold 935,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the completion of the sale, the director now directly owns 9,214,697 shares of the company’s stock, valued at approximately $1,298,535,101.24. This trade represents a 9.21% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,255,320 shares of company stock worth $172,680,419 in the last 90 days. Insiders own 4.17% of the company’s stock.

NVIDIA Company Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The 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; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.