Davidson Kahn Capital Management LLC Acquires 105 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Davidson Kahn Capital Management LLC lifted its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 2.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,649 shares of the computer hardware maker’s stock after acquiring an additional 105 shares during the period. Davidson Kahn Capital Management LLC’s holdings in NVIDIA were worth $504,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Tacita Capital Inc purchased a new position in NVIDIA in the 4th quarter worth about $28,000. Vision Financial Markets LLC bought a new stake in NVIDIA during the 4th quarter valued at $38,000. Copia Wealth Management bought a new stake in NVIDIA during the 4th quarter valued at $50,000. Bruce G. Allen Investments LLC raised its position in NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock valued at $53,000 after purchasing an additional 327 shares in the last quarter. Finally, LSV Asset Management bought a new stake in NVIDIA during the 4th quarter valued at $54,000. Institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In related news, Director Mark A. Stevens sold 935,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total value of $131,760,200.00. Following the transaction, the director directly owned 9,214,697 shares in the company, valued at $1,298,535,101.24. This represents a 9.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total value of $11,440,500.00. Following the transaction, the chief executive officer owned 75,548,225 shares in the company, valued at approximately $11,524,126,241.50. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,520,246 shares of company stock worth $660,253,045 in the last three months. 4.17% of the stock is currently owned by company insiders.

NVIDIA Stock Down 0.5%

Shares of NASDAQ:NVDA opened at $164.07 on Tuesday. The company’s fifty day moving average is $142.53 and its two-hundred day moving average is $128.80. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $167.89. The stock has a market capitalization of $4.00 trillion, a price-to-earnings ratio of 52.93, a price-to-earnings-growth ratio of 1.46 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA) last released 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). The company had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The business’s revenue was up 69.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.61 earnings per share. Equities analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date was Wednesday, June 11th. NVIDIA’s dividend payout ratio is 1.29%.

Analyst Ratings Changes

A number of brokerages recently issued reports on NVDA. The Goldman Sachs Group assumed coverage on NVIDIA in a research note on Thursday, July 10th. They issued a “buy” rating and a $185.00 target price for the company. Truist Financial boosted their price objective on NVIDIA from $205.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, May 29th. Summit Insights upgraded NVIDIA from a “hold” rating to a “buy” rating in a report on Thursday, May 29th. Bank of America boosted their target price on NVIDIA from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, May 14th. Finally, HSBC lowered shares of NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a report on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $177.03.

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.