KAMES CAPITAL plc Cuts Stake in Nvidia (NVDA)

KAMES CAPITAL plc decreased its holdings in Nvidia (NASDAQ:NVDA) by 5.8% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 82,928 shares of the computer hardware maker’s stock after selling 5,076 shares during the period. KAMES CAPITAL plc’s holdings in Nvidia were worth $19,264,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Adirondack Trust Co. boosted its position in Nvidia by 146.1% during the 1st quarter. Adirondack Trust Co. now owns 443 shares of the computer hardware maker’s stock valued at $100,000 after buying an additional 263 shares during the period. Global Trust Asset Management LLC purchased a new stake in Nvidia during the 4th quarter valued at $116,000. Clearbridge Investments LLC boosted its position in Nvidia by 100.0% during the 4th quarter. Clearbridge Investments LLC now owns 600 shares of the computer hardware maker’s stock valued at $116,000 after buying an additional 300 shares during the period. Litman Gregory Asset Management LLC purchased a new stake in Nvidia during the 1st quarter valued at $174,000. Finally, Crewe Advisors LLC purchased a new stake in Nvidia during the 4th quarter valued at $148,000. 65.00% of the stock is owned by institutional investors.

Several equities research analysts have weighed in on the stock. Vetr raised shares of Nvidia from a “buy” rating to a “strong-buy” rating and set a $270.50 price target for the company in a research report on Thursday, March 1st. Zacks Investment Research raised shares of Nvidia from a “hold” rating to a “buy” rating and set a $286.00 price target for the company in a research report on Tuesday, May 15th. Goldman Sachs cut shares of Nvidia from a “conviction-buy” rating to a “buy” rating and set a $281.00 target price for the company. in a research report on Thursday, February 1st. ValuEngine raised shares of Nvidia from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, B. Riley raised their target price on shares of Nvidia from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. Nvidia presently has an average rating of “Buy” and a consensus target price of $260.06.

NASDAQ:NVDA opened at $242.70 on Wednesday. The stock has a market cap of $148.26 billion, a price-to-earnings ratio of 51.97, a PEG ratio of 3.37 and a beta of 1.52. The company has a debt-to-equity ratio of 0.26, a current ratio of 8.54 and a quick ratio of 7.82. Nvidia has a fifty-two week low of $135.71 and a fifty-two week high of $260.50.

Nvidia (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, May 10th. The computer hardware maker reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.58. The business had revenue of $3.21 billion during the quarter, compared to analyst estimates of $2.88 billion. Nvidia had a net margin of 34.44% and a return on equity of 52.18%. Nvidia’s revenue was up 65.6% compared to the same quarter last year. During the same period last year, the business earned $0.85 EPS. equities research analysts expect that Nvidia will post 7.08 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Thursday, May 24th will be paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, May 23rd. This represents a $0.60 dividend on an annualized basis and a yield of 0.25%. Nvidia’s dividend payout ratio is currently 12.85%.

In other Nvidia news, EVP Ajay K. Puri sold 38,676 shares of the firm’s stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $255.36, for a total transaction of $9,876,303.36. Following the completion of the sale, the executive vice president now directly owns 508,962 shares in the company, valued at approximately $129,968,536.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Debora Shoquist sold 32,049 shares of the firm’s stock in a transaction dated Tuesday, March 27th. The shares were sold at an average price of $239.45, for a total transaction of $7,674,133.05. Following the sale, the executive vice president now owns 201,796 shares of the company’s stock, valued at $48,320,052.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 75,969 shares of company stock valued at $18,708,706. 4.70% of the stock is owned by company insiders.

Nvidia Profile

NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.

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Institutional Ownership by Quarter for Nvidia (NASDAQ:NVDA)

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