Private Client Services LLC Has $1.86 Million Position in NVIDIA Co. (NASDAQ:NVDA)

Private Client Services LLC raised its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 12.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,184 shares of the computer hardware maker’s stock after purchasing an additional 1,864 shares during the quarter. Private Client Services LLC’s holdings in NVIDIA were worth $1,862,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Tacita Capital Inc bought a new stake in NVIDIA during the fourth quarter worth $28,000. Vision Financial Markets LLC bought a new position in NVIDIA during the 4th quarter valued at $38,000. Luken Investment Analytics LLC purchased a new position in NVIDIA during the 4th quarter worth $40,000. Copia Wealth Management bought a new stake in shares of NVIDIA in the 4th quarter worth $50,000. Finally, LSV Asset Management bought a new stake in shares of NVIDIA in the 4th quarter worth $54,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analysts Set New Price Targets

NVDA has been the topic of a number of recent analyst reports. Stifel Nicolaus set a $180.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. William Blair reissued an “outperform” rating on shares of NVIDIA in a research report on Thursday, March 20th. Benchmark restated a “buy” rating and issued a $190.00 target price on shares of NVIDIA in a research note on Thursday, May 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $160.00 target price on shares of NVIDIA in a report on Thursday, May 29th. Finally, Mizuho increased their price target on NVIDIA from $168.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $171.66.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $142.63 on Tuesday. 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 Co. has a fifty-two week low of $86.62 and a fifty-two week high of $195.95. The stock 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 stock has a fifty day moving average of $119.10 and a 200-day moving average of $126.11.

NVIDIA (NASDAQ:NVDA) last issued its 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 return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter in the prior year, the business earned $0.61 EPS. The firm’s revenue for the quarter was up 69.2% compared to the same quarter last year. Equities research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company 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 is Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s dividend payout ratio is currently 1.29%.

Insider Buying and Selling

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction on 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 sale, the insider now owns 479,428 shares of the company’s stock, valued at approximately $55,997,190.40. This trade represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 125,836 shares of the business’s stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $137.79, for a total value of $17,338,942.44. Following the transaction, the director now owns 10,149,697 shares of the company’s stock, valued at approximately $1,398,526,749.63. The trade was a 1.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,255,320 shares of company stock valued at $172,680,419. Company 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.