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

Columbia Asset Management increased its stake in NVIDIA Co. (NASDAQ:NVDA) by 0.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,328 shares of the computer hardware maker’s stock after purchasing an additional 285 shares during the quarter. Columbia Asset Management’s holdings in NVIDIA were worth $3,395,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Transactions at NVIDIA

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the firm’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 transaction, the director now owns 26,671,360 shares in the company, valued at $3,808,670,208. This trade represents a 3.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 479,428 shares in the company, valued at approximately $55,997,190.40. This trade represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,560,845 shares of company stock worth $360,351,849. Company insiders own 4.17% of the company’s stock.

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $141.97 on Monday. NVIDIA Co. has a 52 week low of $86.62 and a 52 week high of $153.13. The stock has a market capitalization of $3.46 trillion, a PE ratio of 55.87, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12. The stock has a 50 day moving average price of $122.77 and a 200 day moving average price of $126.32. 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 (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 analysts’ consensus estimates of $0.87 by ($0.06). NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same period in the previous year, the business earned $0.61 earnings per share. The business’s quarterly revenue was up 69.2% on a year-over-year basis. Analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is currently 1.29%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on NVDA shares. Benchmark reaffirmed a “buy” rating and issued a $190.00 price target on shares of NVIDIA in a research note on Thursday, May 29th. TD Cowen upped their price target on NVIDIA from $140.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, May 29th. Summit Insights raised NVIDIA from a “hold” rating to a “buy” rating in a research note on Thursday, May 29th. Rosenblatt Securities upped their price objective on NVIDIA from $178.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, May 29th. Finally, Arete Research upgraded NVIDIA to a “strong-buy” rating in a report on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-five have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $172.24.

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.