Howard Financial Services LTD. Acquires 3,662 Shares of NVIDIA Co. (NASDAQ:NVDA)

Howard Financial Services LTD. grew its holdings in NVIDIA Co. (NASDAQ:NVDA) by 4.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 81,027 shares of the computer hardware maker’s stock after purchasing an additional 3,662 shares during the quarter. NVIDIA makes up approximately 1.2% of Howard Financial Services LTD.’s holdings, making the stock its 22nd biggest holding. Howard Financial Services LTD.’s holdings in NVIDIA were worth $8,782,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of NVDA. Kings Path Partners LLC raised its position in shares of NVIDIA by 1,000.0% in the 1st quarter. Kings Path Partners LLC now owns 11,000 shares of the computer hardware maker’s stock valued at $1,192,000 after acquiring an additional 10,000 shares during the period. Farmers Trust Co. raised its position in shares of NVIDIA by 1.9% in the 1st quarter. Farmers Trust Co. now owns 6,541 shares of the computer hardware maker’s stock valued at $709,000 after acquiring an additional 125 shares during the period. Moody National Bank Trust Division raised its position in shares of NVIDIA by 0.6% in the 1st quarter. Moody National Bank Trust Division now owns 302,517 shares of the computer hardware maker’s stock valued at $32,787,000 after acquiring an additional 1,946 shares during the period. Baring Financial LLC raised its position in shares of NVIDIA by 24.7% in the 1st quarter. Baring Financial LLC now owns 13,107 shares of the computer hardware maker’s stock valued at $1,421,000 after acquiring an additional 2,592 shares during the period. Finally, Versant Capital Management Inc raised its holdings in NVIDIA by 116.0% during the 1st quarter. Versant Capital Management Inc now owns 60,279 shares of the computer hardware maker’s stock worth $6,533,000 after buying an additional 32,374 shares during the period. Institutional investors own 65.27% of the company’s stock.

Analyst Ratings Changes

NVDA has been the topic of several research analyst reports. HSBC downgraded shares of NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 target price on the stock. in a report on Thursday, April 3rd. Seaport Res Ptn upgraded shares of NVIDIA to a “strong sell” rating in a report on Wednesday, April 30th. DZ Bank upgraded shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. Summit Insights upgraded shares of NVIDIA from a “hold” rating to a “buy” rating in a report on Thursday, May 29th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $180.00 price objective (up from $150.00) on shares of NVIDIA in a report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-six have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, NVIDIA has an average rating of “Moderate Buy” and an average target price of $171.66.

NVIDIA Stock Up 0.6%

NVDA opened at $142.63 on Tuesday. NVIDIA Co. has a fifty-two week low of $86.62 and a fifty-two week high of $195.95. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The company has a market capitalization of $3.48 trillion, a P/E ratio of 56.13, a P/E/G ratio of 1.76 and a beta of 2.12. The stock has a fifty day moving average of $119.10 and a 200-day moving average of $126.11.

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

NVIDIA Dividend Announcement

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

Insiders Place Their Bets

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the business’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the transaction, the insider now owns 479,428 shares of the company’s stock, valued at approximately $55,997,190.40. The trade was a 0.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert K. Burgess sold 53,324 shares of the business’s stock in a transaction dated 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 sale, the director now owns 251,044 shares in the company, valued at approximately $28,993,071.56. This trade represents a 17.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,255,320 shares of company stock valued at $172,680,419. 4.17% of the stock is currently owned by corporate 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.