NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Weinberger Asset Management Inc

Weinberger Asset Management Inc boosted its position in NVIDIA Co. (NASDAQ:NVDA) by 2.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,910 shares of the computer hardware maker’s stock after purchasing an additional 422 shares during the quarter. Weinberger Asset Management Inc’s holdings in NVIDIA were worth $1,724,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Beese Fulmer Investment Management Inc. increased its stake in shares of NVIDIA by 0.5% in the 1st quarter. Beese Fulmer Investment Management Inc. now owns 30,941 shares of the computer hardware maker’s stock worth $3,353,000 after acquiring an additional 169 shares during the last quarter. Pacifica Partners Inc. increased its stake in shares of NVIDIA by 176.1% in the 1st quarter. Pacifica Partners Inc. now owns 5,315 shares of the computer hardware maker’s stock worth $541,000 after acquiring an additional 3,390 shares during the last quarter. Investors Research Corp increased its stake in shares of NVIDIA by 46.6% in the 1st quarter. Investors Research Corp now owns 2,437 shares of the computer hardware maker’s stock worth $264,000 after acquiring an additional 775 shares during the last quarter. Fulcrum Capital LLC increased its stake in shares of NVIDIA by 1.5% in the 1st quarter. Fulcrum Capital LLC now owns 174,824 shares of the computer hardware maker’s stock worth $18,947,000 after acquiring an additional 2,538 shares during the last quarter. Finally, James J. Burns & Company LLC increased its stake in shares of NVIDIA by 10.4% in the 1st quarter. James J. Burns & Company LLC now owns 15,884 shares of the computer hardware maker’s stock worth $1,722,000 after acquiring an additional 1,496 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Price Performance

NVDA stock opened at $143.96 on Wednesday. The business has a 50 day moving average price of $119.94 and a 200 day moving average price of $126.23. The stock has a market cap of $3.51 trillion, a price-to-earnings ratio of 56.65, a PEG ratio of 1.76 and a beta of 2.12. NVIDIA Co. has a fifty-two week low of $86.62 and a fifty-two week high of $153.13. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

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 the consensus estimate of $0.87 by ($0.06). The business had revenue of $44.06 billion for the quarter, compared to analysts’ expectations of $43.09 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. NVIDIA’s revenue for the quarter was up 69.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.61 EPS. Equities research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Insider Buying and Selling at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the completion of the sale, the insider now owns 479,428 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Aarti S. Shah sold 20,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 53,208 shares of the company’s stock, valued at approximately $6,300,891.36. This represents a 27.32% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,614,169 shares of company stock worth $366,510,238. 4.17% of the stock is owned by insiders.

Analyst Ratings Changes

NVDA has been the subject of a number of recent research reports. Stifel Nicolaus set a $180.00 target price on NVIDIA in a research note on Wednesday, March 19th. Morgan Stanley reissued an “overweight” rating and set a $170.00 price objective (up from $160.00) on shares of NVIDIA in a research report on Thursday, May 29th. Bank of America raised their price objective on NVIDIA from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, May 14th. Cantor Fitzgerald reissued an “overweight” rating and set a $200.00 price objective on shares of NVIDIA in a research report on Wednesday, April 16th. Finally, Hsbc Global Res downgraded NVIDIA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 3rd. 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 assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $171.66.

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.