McNaughton Wealth Management LLC Has $1.97 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

McNaughton Wealth Management LLC lifted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 4.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 18,155 shares of the computer hardware maker’s stock after purchasing an additional 826 shares during the quarter. McNaughton Wealth Management LLC’s holdings in NVIDIA were worth $1,968,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC boosted its position in NVIDIA by 0.7% during the 4th quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker’s stock worth $134,877,735,000 after acquiring an additional 6,665,252 shares during the last quarter. Geode Capital Management LLC boosted its position in NVIDIA by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker’s stock worth $74,439,273,000 after acquiring an additional 9,468,786 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in NVIDIA by 0.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker’s stock worth $55,237,367,000 after acquiring an additional 3,721,331 shares during the last quarter. Norges Bank bought a new stake in shares of NVIDIA during the 4th quarter worth approximately $43,515,504,000. Finally, Northern Trust Corp raised its stake in shares of NVIDIA by 15.8% during the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker’s stock worth $35,782,134,000 after purchasing an additional 36,266,817 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Barclays reiterated an “overweight” rating and set a $170.00 price objective (up previously from $155.00) on shares of NVIDIA in a research note on Thursday, May 29th. Raymond James upped their price objective on NVIDIA from $150.00 to $165.00 and gave the stock a “strong-buy” rating in a research note on Thursday, May 29th. William Blair reiterated an “outperform” rating on shares of NVIDIA in a research note on Thursday, March 20th. Bank of America upped their price objective on NVIDIA from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, May 14th. Finally, Arete Research upgraded NVIDIA to a “strong-buy” rating in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-five have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $172.24.

NVIDIA Stock Performance

NVDA opened at $145.00 on Friday. The firm has a market cap of $3.54 trillion, a P/E ratio of 57.06, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12. NVIDIA Co. has a 52-week low of $86.62 and a 52-week high of $153.13. 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 business’s fifty day moving average is $121.86 and its 200-day moving average is $126.41.

NVIDIA (NASDAQ:NVDA) last released its earnings results 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 analyst estimates of $43.09 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business’s revenue for the quarter was up 69.2% compared to the same quarter last year. During the same period last year, the company posted $0.61 earnings per share. Sell-side analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be issued 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 dividend payout ratio (DPR) is currently 1.29%.

Insider Transactions at NVIDIA

In related news, Director Aarti S. Shah sold 20,000 shares of the firm’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the sale, the director now directly owns 53,208 shares of the company’s stock, valued at $6,300,891.36. This trade represents a 27.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Mark A. Stevens sold 190,000 shares of the firm’s stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $142.51, for a total value of $27,076,900.00. Following the completion of the sale, the director now directly owns 8,855,848 shares in the company, valued at $1,262,046,898.48. This trade represents a 2.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,560,845 shares of company stock valued at $360,351,849. 4.17% of the stock is owned by corporate insiders.

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.