Brown Advisory Securities LLC Invests $336,000 in NVIDIA Co. (NASDAQ:NVDA)

Brown Advisory Securities LLC bought a new position in shares of NVIDIA Co. (NASDAQ:NVDAGet Rating) during the first quarter, Holdings Channel reports. The fund bought 1,239 shares of the computer hardware maker’s stock, valued at approximately $336,000.

A number of other institutional investors and hedge funds also recently modified their holdings of NVDA. Resonant Capital Advisors LLC raised its position in NVIDIA by 6.9% during the first quarter. Resonant Capital Advisors LLC now owns 1,796 shares of the computer hardware maker’s stock valued at $480,000 after buying an additional 116 shares during the period. GenTrust LLC raised its position in NVIDIA by 16.4% during the first quarter. GenTrust LLC now owns 2,844 shares of the computer hardware maker’s stock valued at $776,000 after buying an additional 400 shares during the period. Relyea Zuckerberg Hanson LLC raised its position in NVIDIA by 16.6% during the first quarter. Relyea Zuckerberg Hanson LLC now owns 2,124 shares of the computer hardware maker’s stock valued at $472,000 after buying an additional 303 shares during the period. Lannebo Fonder AB raised its position in NVIDIA by 5.9% during the first quarter. Lannebo Fonder AB now owns 90,000 shares of the computer hardware maker’s stock valued at $24,557,000 after buying an additional 5,000 shares during the period. Finally, Secure Asset Management LLC raised its position in NVIDIA by 6.3% during the first quarter. Secure Asset Management LLC now owns 12,304 shares of the computer hardware maker’s stock valued at $3,357,000 after buying an additional 731 shares during the period. 55.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. New Street Research raised NVIDIA from a “neutral” rating to a “buy” rating and set a $280.00 price target on the stock in a research report on Wednesday, April 13th. Credit Suisse Group dropped their target price on NVIDIA to $205.00 in a research report on Thursday, May 26th. Raymond James dropped their target price on NVIDIA from $365.00 to $250.00 in a research report on Thursday, May 26th. Deutsche Bank Aktiengesellschaft dropped their target price on NVIDIA from $190.00 to $175.00 in a research report on Wednesday, July 20th. Finally, Wedbush dropped their target price on NVIDIA from $300.00 to $190.00 and set a “neutral” rating on the stock in a research report on Thursday, May 19th. Seven equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and an average target price of $252.24.

NVIDIA Trading Down 1.2 %

Shares of NVDA opened at $189.89 on Friday. NVIDIA Co. has a 1 year low of $140.55 and a 1 year high of $346.47. The company has a current ratio of 5.32, a quick ratio of 4.75 and a debt-to-equity ratio of 0.42. The stock has a 50 day simple moving average of $169.18 and a 200-day simple moving average of $205.64. The stock has a market cap of $474.73 billion, a PE ratio of 50.91, a PEG ratio of 2.95 and a beta of 1.65.

NVIDIA (NASDAQ:NVDAGet Rating) last issued its earnings results on Wednesday, May 25th. The computer hardware maker reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.09. NVIDIA had a return on equity of 43.81% and a net margin of 32.02%. The business had revenue of $8.29 billion during the quarter, compared to analysts’ expectations of $8.09 billion. During the same period in the prior year, the firm posted $0.78 EPS. NVIDIA’s quarterly revenue was up 46.4% compared to the same quarter last year. On average, sell-side analysts predict that NVIDIA Co. will post 4.48 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 1st. Investors of record on Thursday, June 9th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, June 8th. This represents a $0.16 dividend on an annualized basis and a yield of 0.08%. NVIDIA’s dividend payout ratio is 4.29%.

Insider Activity at NVIDIA

In related news, Director Mark A. Stevens sold 113,850 shares of the firm’s stock in a transaction on Monday, June 13th. The stock was sold at an average price of $158.03, for a total transaction of $17,991,715.50. Following the completion of the sale, the director now directly owns 2,596,493 shares of the company’s stock, valued at approximately $410,323,788.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Mark A. Stevens sold 113,850 shares of the firm’s stock in a transaction on Monday, June 13th. The stock was sold at an average price of $158.03, for a total transaction of $17,991,715.50. Following the completion of the sale, the director now directly owns 2,596,493 shares of the company’s stock, valued at approximately $410,323,788.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Debora Shoquist sold 23,644 shares of the firm’s stock in a transaction on Wednesday, June 8th. The shares were sold at an average price of $188.23, for a total value of $4,450,510.12. Following the sale, the executive vice president now directly owns 186,476 shares of the company’s stock, valued at $35,100,377.48. The disclosure for this sale can be found here. Insiders sold 139,694 shares of company stock valued at $22,850,524 in the last three months. Corporate insiders own 4.04% of the company’s stock.

NVIDIA Company Profile

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NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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