NVIDIA Co. (NASDAQ:NVDA) Stock Holdings Boosted by Legacy Wealth Management LLC MS

Legacy Wealth Management LLC MS lifted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 69.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 46,293 shares of the computer hardware maker’s stock after acquiring an additional 18,956 shares during the period. NVIDIA accounts for 1.6% of Legacy Wealth Management LLC MS’s portfolio, making the stock its 12th biggest holding. Legacy Wealth Management LLC MS’s holdings in NVIDIA were worth $5,017,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of NVDA. DiNuzzo Private Wealth Inc. grew its position in NVIDIA by 0.8% in the 4th quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker’s stock valued at $1,157,000 after buying an additional 71 shares in the last quarter. Baker Boyer National Bank grew its position in NVIDIA by 3.3% in the 4th quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker’s stock valued at $323,000 after buying an additional 76 shares in the last quarter. SC&H Financial Advisors Inc. grew its position in NVIDIA by 1.6% in the 4th quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker’s stock valued at $681,000 after buying an additional 80 shares in the last quarter. DecisionPoint Financial LLC boosted its position in shares of NVIDIA by 2.9% during the 4th quarter. DecisionPoint Financial LLC now owns 2,878 shares of the computer hardware maker’s stock valued at $386,000 after purchasing an additional 80 shares in the last quarter. Finally, Matthew Goff Investment Advisor LLC boosted its position in shares of NVIDIA by 0.7% during the 4th quarter. Matthew Goff Investment Advisor LLC now owns 11,496 shares of the computer hardware maker’s stock valued at $1,544,000 after purchasing an additional 84 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on NVDA. Citigroup restated a “buy” rating and set a $180.00 price objective (up previously from $150.00) on shares of NVIDIA in a research report on Thursday, May 29th. Mizuho raised their price objective on shares of NVIDIA from $168.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday, May 29th. Benchmark restated a “buy” rating and set a $190.00 price objective on shares of NVIDIA in a research report on Thursday, May 29th. Hsbc Global Res cut shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 3rd. Finally, Arete Research upgraded shares of NVIDIA to a “strong-buy” rating in a report on Wednesday, May 21st. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-six have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and an average price target of $171.66.

NVIDIA Trading Up 1.2%

NASDAQ:NVDA opened at $141.72 on Monday. The stock’s 50 day moving average price is $118.45 and its 200 day moving average price is $126.10. NVIDIA Co. has a 52 week low of $86.62 and a 52 week high of $195.95. The company has a market capitalization of $3.46 trillion, a P/E ratio of 55.77, a P/E/G ratio of 1.76 and a beta of 2.12. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.

NVIDIA (NASDAQ:NVDA) last announced 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 company had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same quarter last year, the business earned $0.61 EPS. The company’s revenue for the quarter was up 69.2% on a year-over-year basis. On average, research analysts forecast that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Insider Buying and Selling at NVIDIA

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm’s stock in a transaction 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 sale, the insider now owns 479,428 shares in the company, valued at approximately $55,997,190.40. This trade represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert K. Burgess sold 53,324 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the completion of the sale, the director now owns 251,044 shares in the company, valued at approximately $28,993,071.56. The trade was a 17.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,255,320 shares of company stock worth $172,680,419 over 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.