Leavell Investment Management Inc. cut its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.2% in the 1st quarter, Holdings Channel reports. The firm owned 48,522 shares of the computer hardware maker’s stock after selling 100 shares during the period. NVIDIA makes up approximately 1.0% of Leavell Investment Management Inc.’s portfolio, making the stock its 23rd largest holding. Leavell Investment Management Inc.’s holdings in NVIDIA were worth $8,713,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in NVDA. Atlas Brown Inc. lifted its position in shares of NVIDIA by 1.7% in the 1st quarter. Atlas Brown Inc. now owns 4,227 shares of the computer hardware maker’s stock valued at $759,000 after acquiring an additional 70 shares in the last quarter. Elite Wealth Management Inc. lifted its position in shares of NVIDIA by 0.6% in the 4th quarter. Elite Wealth Management Inc. now owns 12,053 shares of the computer hardware maker’s stock valued at $1,609,000 after acquiring an additional 76 shares in the last quarter. Strategic Wealth Partners Ltd. lifted its position in shares of NVIDIA by 37.6% in the 3rd quarter. Strategic Wealth Partners Ltd. now owns 289 shares of the computer hardware maker’s stock valued at $81,000 after acquiring an additional 79 shares in the last quarter. Contravisory Investment Management Inc. lifted its position in shares of NVIDIA by 4.0% in the 4th quarter. Contravisory Investment Management Inc. now owns 2,242 shares of the computer hardware maker’s stock valued at $299,000 after acquiring an additional 86 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in shares of NVIDIA by 0.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 13,555 shares of the computer hardware maker’s stock valued at $1,809,000 after acquiring an additional 93 shares in the last quarter. 69.81% of the stock is owned by institutional investors and hedge funds.
In other news, CFO Colette Kress sold 14,092 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $183.33, for a total transaction of $2,583,486.36. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Debora Shoquist sold 5,823 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $185.00, for a total transaction of $1,077,255.00. Following the transaction, the executive vice president now owns 171,783 shares in the company, valued at approximately $31,779,855. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,029 shares of company stock worth $3,678,385. 4.70% of the stock is currently owned by company insiders.
Several equities research analysts recently commented on NVDA shares. Evercore ISI reduced their price target on shares of NVIDIA from $325.00 to $275.00 and set an “outperform” rating for the company in a research report on Monday, January 14th. BidaskClub upgraded shares of NVIDIA from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. Piper Jaffray Companies started coverage on shares of NVIDIA in a research report on Tuesday, March 26th. They issued an “overweight” rating and a $200.00 price target for the company. Royal Bank of Canada reduced their price target on shares of NVIDIA from $230.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, December 27th. Finally, Craig Hallum started coverage on shares of NVIDIA in a research report on Thursday, March 14th. They issued a “hold” rating for the company. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty-six have given a buy rating to the stock. NVIDIA presently has a consensus rating of “Buy” and an average price target of $204.46.
Shares of NVDA opened at $188.21 on Wednesday. NVIDIA Co. has a 12 month low of $124.46 and a 12 month high of $292.76. The firm has a market cap of $112.39 billion, a PE ratio of 31.01, a price-to-earnings-growth ratio of 4.46 and a beta of 1.90. The company has a current ratio of 7.94, a quick ratio of 6.76 and a debt-to-equity ratio of 0.21.
NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, February 14th. The computer hardware maker reported $0.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.27. NVIDIA had a net margin of 35.35% and a return on equity of 41.78%. The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the prior year, the business posted $1.72 EPS. NVIDIA’s quarterly revenue was down 24.3% on a year-over-year basis. Equities research analysts forecast that NVIDIA Co. will post 4.46 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 1st were paid a dividend of $0.16 per share. The ex-dividend date was Thursday, February 28th. This represents a $0.64 annualized dividend and a dividend yield of 0.34%. NVIDIA’s dividend payout ratio (DPR) is 10.54%.
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NVIDIA Corporation operates as a visual computing company worldwide. It operates in 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 artificial intelligence (AI) utilizing deep learning, accelerated computing, and general purpose computing; GRID, which 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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