Godsey & Gibb Inc. Grows Stake in NVIDIA Corporation (NASDAQ:NVDA)

Godsey & Gibb Inc. raised its stake in NVIDIA Corporation (NASDAQ:NVDA) by 29.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,777 shares of the computer hardware maker’s stock after acquiring an additional 3,161 shares during the period. Godsey & Gibb Inc.’s holdings in NVIDIA were worth $1,493,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in NVDA. Hickory Point Bank & Trust purchased a new stake in NVIDIA during the fourth quarter valued at approximately $2,272,000. BTC Capital Management Inc. increased its position in shares of NVIDIA by 2.3% during the 1st quarter. BTC Capital Management Inc. now owns 330,176 shares of the computer hardware maker’s stock valued at $35,785,000 after purchasing an additional 7,476 shares during the last quarter. Capital Performance Advisors LLP increased its position in shares of NVIDIA by 59.3% during the 4th quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker’s stock valued at $3,586,000 after purchasing an additional 9,944 shares during the last quarter. Waddell & Associates LLC raised its holdings in NVIDIA by 1.2% during the 4th quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker’s stock valued at $3,240,000 after buying an additional 297 shares during the period. Finally, Strategy Asset Managers LLC lifted its position in NVIDIA by 0.8% in the fourth quarter. Strategy Asset Managers LLC now owns 52,307 shares of the computer hardware maker’s stock worth $7,024,000 after buying an additional 405 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NVIDIA

In other news, Director Mark A. Stevens sold 935,000 shares of the business’s stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total value of $131,760,200.00. Following the completion of the transaction, the director now owns 9,214,697 shares of the company’s stock, valued at $1,298,535,101.24. The trade was a 9.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the firm’s stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $142.80, for a total value of $142,800,000.00. Following the sale, the director now directly owns 26,671,360 shares in the company, valued at approximately $3,808,670,208. This trade represents a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,469,685 shares of company stock valued at $349,669,962 in the last ninety days. Company insiders own 4.17% of the company’s stock.

Analyst Upgrades and Downgrades

NVDA has been the topic of a number of analyst reports. Rosenblatt Securities boosted their price objective on shares of NVIDIA from $178.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, May 29th. HSBC downgraded shares of NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a report on Thursday, April 3rd. Morgan Stanley reissued an “overweight” rating and issued a $170.00 price objective (up from $160.00) on shares of NVIDIA in a research report on Thursday, May 29th. Barclays boosted their target price on NVIDIA from $170.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Piper Sandler reiterated an “overweight” rating and issued a $180.00 target price (up previously from $150.00) on shares of NVIDIA in a research note on Wednesday, May 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-five have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $173.05.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $145.48 on Friday. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $153.13. The company has a market cap of $3.55 trillion, a PE ratio of 46.93, a P/E/G ratio of 1.28 and a beta of 2.12. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The business has a 50-day simple moving average of $125.72 and a two-hundred day simple moving average of $126.66.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The company had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same quarter last year, the business earned $0.61 earnings per share. The firm’s revenue for the quarter was up 69.2% on a year-over-year basis. As a group, equities analysts expect that NVIDIA Corporation will post 2.77 EPS 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 issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis 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 presently 1.29%.

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.