Scott & Selber Inc. Has $20.96 Million Stake in NVIDIA Corporation (NASDAQ:NVDA)

Scott & Selber Inc. boosted its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 0.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 193,371 shares of the computer hardware maker’s stock after purchasing an additional 934 shares during the period. NVIDIA comprises about 6.7% of Scott & Selber Inc.’s investment portfolio, making the stock its 2nd biggest position. Scott & Selber Inc.’s holdings in NVIDIA were worth $20,958,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Enterprises LLC raised its stake in shares of NVIDIA by 12.2% in the first quarter. Cornerstone Enterprises LLC now owns 74,884 shares of the computer hardware maker’s stock worth $8,116,000 after acquiring an additional 8,139 shares during the last quarter. Aspect Partners LLC raised its stake in shares of NVIDIA by 71.0% in the first quarter. Aspect Partners LLC now owns 5,812 shares of the computer hardware maker’s stock worth $630,000 after acquiring an additional 2,414 shares during the last quarter. Trust Co. of Vermont raised its stake in shares of NVIDIA by 5.2% in the first quarter. Trust Co. of Vermont now owns 336,461 shares of the computer hardware maker’s stock worth $36,466,000 after acquiring an additional 16,765 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in shares of NVIDIA by 15.5% in the first quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,557,838 shares of the computer hardware maker’s stock worth $160,006,000 after acquiring an additional 209,094 shares during the last quarter. Finally, Park Place Capital Corp raised its stake in shares of NVIDIA by 5.0% in the first quarter. Park Place Capital Corp now owns 68,421 shares of the computer hardware maker’s stock worth $7,415,000 after acquiring an additional 3,274 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

NVIDIA Stock Performance

NASDAQ NVDA opened at $172.41 on Friday. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The firm’s fifty day moving average price is $146.99 and its two-hundred day moving average price is $129.86. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $174.25. The firm has a market capitalization of $4.21 trillion, a P/E ratio of 55.62, a price-to-earnings-growth ratio of 1.52 and a beta of 2.13.

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

NVIDIA Dividend Announcement

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

Insider Activity at NVIDIA

In related news, EVP Ajay K. Puri sold 168,195 shares of the company’s stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total value of $25,673,284.80. Following the transaction, the executive vice president directly owned 4,018,547 shares in the company, valued at approximately $613,391,014.08. This represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the completion of the transaction, the director owned 26,671,360 shares in the company, valued at $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 4,964,800 shares of company stock valued at $734,906,003 in the last ninety days. Company insiders own 4.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on NVDA shares. Summit Insights upgraded shares of NVIDIA from a “hold” rating to a “buy” rating in a research report on Thursday, May 29th. Truist Financial lifted their price target on shares of NVIDIA from $205.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, May 29th. Hsbc Global Res cut shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Cantor Fitzgerald reiterated an “overweight” rating and set a $200.00 price target on shares of NVIDIA in a research report on Wednesday, April 16th. 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 equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have assigned a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA has an average rating of “Moderate Buy” and an average price target of $181.22.

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.