Beese Fulmer Investment Management Inc. Purchases 169 Shares of NVIDIA Co. (NASDAQ:NVDA)

Beese Fulmer Investment Management Inc. raised its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.5% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 30,941 shares of the computer hardware maker’s stock after purchasing an additional 169 shares during the quarter. Beese Fulmer Investment Management Inc.’s holdings in NVIDIA were worth $3,353,000 at the end of the most recent quarter.

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

Insider Activity

In related news, Director Aarti S. Shah sold 20,000 shares of the business’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total value of $2,368,400.00. Following the sale, the director now owns 53,208 shares in the company, valued at approximately $6,300,891.36. The trade was a 27.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction on Monday, June 9th. The stock was sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the completion of the sale, the director now owns 26,671,360 shares in the company, valued at $3,808,670,208. This represents a 3.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,614,169 shares of company stock worth $366,510,238 over the last quarter. Insiders own 4.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on NVDA shares. Barclays reaffirmed an “overweight” rating and set a $170.00 price target (up previously from $155.00) on shares of NVIDIA in a report on Thursday, May 29th. Hsbc Global Res downgraded shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 3rd. Morgan Stanley reaffirmed an “overweight” rating and set a $170.00 price target (up previously from $160.00) on shares of NVIDIA in a report on Thursday, May 29th. Raymond James raised their price objective on shares of NVIDIA from $150.00 to $165.00 and gave the stock a “strong-buy” rating in a report on Thursday, May 29th. Finally, Rosenblatt Securities raised their price objective on shares of NVIDIA from $178.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, May 29th. One equities research 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and an average target price of $171.66.

NVIDIA Trading Up 0.9%

NVIDIA stock opened at $143.96 on Wednesday. The stock has a market cap of $3.51 trillion, a P/E ratio of 56.65, a PEG ratio of 1.76 and a beta of 2.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA Co. has a 1 year low of $86.62 and a 1 year high of $153.13. The firm’s 50 day moving average price is $119.94 and its 200-day moving average price is $126.23.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarterly revenue was up 69.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.61 EPS. On average, equities analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

NVIDIA 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.