McIlrath & Eck LLC grew its position in NVIDIA Co. (NASDAQ:NVDA) by 14.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 496 shares of the computer hardware maker’s stock after purchasing an additional 63 shares during the period. McIlrath & Eck LLC’s holdings in NVIDIA were worth $89,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc lifted its stake in NVIDIA by 4.0% during the 3rd quarter. Vanguard Group Inc now owns 44,464,641 shares of the computer hardware maker’s stock valued at $12,495,455,000 after acquiring an additional 1,693,736 shares during the period. BKD Wealth Advisors LLC lifted its stake in NVIDIA by 132.2% during the 4th quarter. BKD Wealth Advisors LLC now owns 2,264 shares of the computer hardware maker’s stock valued at $302,000 after acquiring an additional 1,289 shares during the period. Adirondack Trust Co. lifted its stake in NVIDIA by 500.0% during the 4th quarter. Adirondack Trust Co. now owns 2,838 shares of the computer hardware maker’s stock valued at $379,000 after acquiring an additional 2,365 shares during the period. Diversified Trust Co acquired a new stake in NVIDIA during the 4th quarter valued at approximately $886,000. Finally, Truewealth LLC lifted its stake in NVIDIA by 110.2% during the 4th quarter. Truewealth LLC now owns 370 shares of the computer hardware maker’s stock valued at $49,000 after acquiring an additional 194 shares during the period. 70.03% of the stock is currently owned by institutional investors.
In other news, CFO Colette Kress sold 14,092 shares of the company’s 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Debora Shoquist sold 5,823 shares of the company’s 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 sale, the executive vice president now directly owns 171,783 shares of the company’s stock, valued at approximately $31,779,855. The disclosure for this sale can be found here. In the last three months, insiders sold 20,029 shares of company stock valued at $3,678,385. 4.64% of the stock is owned by insiders.
NVDA has been the subject of several research reports. SunTrust Banks decreased their price objective on shares of NVIDIA to $187.00 in a research note on Tuesday, January 29th. TheStreet upgraded shares of NVIDIA from a “c+” rating to a “b-” rating in a research note on Thursday, April 4th. Raymond James set a $165.00 price objective on shares of NVIDIA and gave the company a “buy” rating in a research note on Tuesday, January 29th. Daiwa Capital Markets set a $165.00 price objective on shares of NVIDIA and gave the company a “buy” rating in a research note on Tuesday, January 29th. Finally, Mizuho decreased their price objective on shares of NVIDIA to $200.00 and set a “buy” rating for the company in a research note on Tuesday, January 29th. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $198.93.
Shares of NASDAQ NVDA opened at $155.06 on Wednesday. The firm has a market capitalization of $95.25 billion, a P/E ratio of 25.55, a P/E/G ratio of 3.84 and a beta of 1.85. The company has a quick ratio of 6.76, a current ratio of 7.94 and a debt-to-equity ratio of 0.21. NVIDIA Co. has a one year low of $124.46 and a one year high of $292.76.
NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, May 16th. The computer hardware maker reported $0.88 EPS for the quarter, topping the consensus estimate of $0.81 by $0.07. The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.20 billion. NVIDIA had a net margin of 30.68% and a return on equity of 31.69%. The firm’s revenue was down 30.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.05 EPS. Equities research analysts expect that NVIDIA Co. will post 4.44 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, May 31st will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend is Thursday, May 30th. NVIDIA’s payout ratio is presently 10.54%.
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NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.
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