ACT Advisors LLC. Has $1.05 Million Position in NVIDIA Co. (NASDAQ:NVDA)

ACT Advisors LLC. raised its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 12.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,717 shares of the computer hardware maker’s stock after purchasing an additional 1,067 shares during the quarter. NVIDIA accounts for 0.6% of ACT Advisors LLC.’s investment portfolio, making the stock its 21st biggest holding. ACT Advisors LLC.’s holdings in NVIDIA were worth $1,053,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of NVDA. Hickory Point Bank & Trust acquired a new position in NVIDIA during the fourth quarter worth $2,272,000. BTC Capital Management Inc. raised its position in NVIDIA by 2.3% in the first quarter. BTC Capital Management Inc. now owns 330,176 shares of the computer hardware maker’s stock worth $35,785,000 after purchasing an additional 7,476 shares in the last quarter. Capital Performance Advisors LLP raised its position in NVIDIA by 59.3% in the fourth quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker’s stock worth $3,586,000 after purchasing an additional 9,944 shares in the last quarter. Waddell & Associates LLC increased its holdings in shares of NVIDIA by 1.2% during the fourth quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker’s stock worth $3,240,000 after buying an additional 297 shares in the last quarter. Finally, Strategy Asset Managers LLC increased its holdings in shares of NVIDIA by 0.8% in the fourth quarter. Strategy Asset Managers LLC now owns 52,307 shares of the computer hardware maker’s stock valued at $7,024,000 after purchasing an additional 405 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Stock Performance

NVDA opened at $144.69 on Tuesday. The firm has a market capitalization of $3.53 trillion, a P/E ratio of 56.94, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12. The stock’s 50 day moving average price is $123.74 and its two-hundred day moving average price is $126.36. 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 Co. has a 12-month low of $86.62 and a 12-month high of $153.13.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data 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). NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same quarter in the previous year, the business posted $0.61 EPS. The company’s revenue was up 69.2% compared to the same quarter last year. On average, equities analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently declared 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 payout ratio is currently 1.29%.

Insider Transactions at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 190,000 shares of the business’s stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $142.51, for a total transaction of $27,076,900.00. Following the sale, the director now directly owns 8,855,848 shares of the company’s stock, valued at $1,262,046,898.48. The trade was a 2.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction of $525,600.00. Following the completion of the transaction, the insider now owns 479,428 shares in the company, valued at $55,997,190.40. This trade represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,560,845 shares of company stock valued at $360,351,849 over the last 90 days. 4.17% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Citigroup reaffirmed a “buy” rating and issued a $180.00 price objective (up from $150.00) on shares of NVIDIA in a research note on Thursday, May 29th. Oppenheimer reissued an “outperform” rating and issued a $175.00 price target on shares of NVIDIA in a report on Monday. Piper Sandler reiterated an “overweight” rating and issued a $180.00 price target (up from $150.00) on shares of NVIDIA in a research note on Wednesday, May 28th. Bank of America increased their price objective on shares of NVIDIA from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, May 14th. Finally, HSBC cut shares of NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 price target for the company. in a research report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-five have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $172.24.

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.