Burns J W & Co. Inc. NY Boosts Holdings in NVIDIA Co. (NASDAQ:NVDA)

Burns J W & Co. Inc. NY raised its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 4.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 128,419 shares of the computer hardware maker’s stock after buying an additional 5,460 shares during the period. NVIDIA comprises approximately 1.8% of Burns J W & Co. Inc. NY’s portfolio, making the stock its 15th largest position. Burns J W & Co. Inc. NY’s holdings in NVIDIA were worth $13,918,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Tacita Capital Inc bought a new stake in shares of NVIDIA during the 4th quarter valued at about $28,000. Vision Financial Markets LLC bought a new stake in shares of NVIDIA during the 4th quarter valued at about $38,000. Luken Investment Analytics LLC bought a new stake in NVIDIA during the fourth quarter worth about $40,000. Copia Wealth Management bought a new stake in shares of NVIDIA in the 4th quarter worth approximately $50,000. Finally, LSV Asset Management bought a new stake in shares of NVIDIA in the 4th quarter worth approximately $54,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Trading Up 0.6%

Shares of NASDAQ:NVDA opened at $142.63 on Tuesday. The stock has a 50 day moving average of $119.10 and a 200 day moving average of $126.11. The company has a market cap of $3.48 trillion, a PE ratio of 56.13, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 12-month low of $86.62 and a 12-month high of $195.95.

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

NVIDIA Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NVDA shares. Citigroup reaffirmed 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. UBS Group reiterated a “buy” rating on shares of NVIDIA in a research note on Friday, May 23rd. HSBC lowered shares of NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a research note on Thursday, April 3rd. Barclays reiterated an “overweight” rating and issued a $170.00 target price (up previously from $155.00) on shares of NVIDIA in a research note on Thursday, May 29th. Finally, Susquehanna reissued a “positive” rating and set a $180.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-six have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $171.66.

Insider Activity at NVIDIA

In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the transaction, the director now directly owns 251,044 shares in the company, valued at $28,993,071.56. This represents a 17.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Colette Kress sold 66,660 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the transaction, the chief financial officer now owns 3,085,765 shares of the company’s stock, valued at $360,509,924.95. The trade was a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,255,320 shares of company stock worth $172,680,419. 4.17% of the stock is owned by company insiders.

About NVIDIA

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.