Argent Trust Co boosted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 21.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,212 shares of the computer hardware maker’s stock after acquiring an additional 572 shares during the period. Argent Trust Co’s holdings in NVIDIA were worth $846,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the business. Blue Chip Wealth Management Inc. grew its stake in shares of NVIDIA by 2.7% during the fourth quarter. Blue Chip Wealth Management Inc. now owns 2,701 shares of the computer hardware maker’s stock worth $636,000 after purchasing an additional 71 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of NVIDIA by 3.8% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 168,761 shares of the computer hardware maker’s stock valued at $39,709,000 after acquiring an additional 6,100 shares during the last quarter. Neo Ivy Capital Management raised its position in shares of NVIDIA by 27.3% during the 4th quarter. Neo Ivy Capital Management now owns 2,980 shares of the computer hardware maker’s stock worth $701,000 after acquiring an additional 639 shares in the last quarter. Baillie Gifford & Co. raised its position in shares of NVIDIA by 2.8% during the 4th quarter. Baillie Gifford & Co. now owns 7,711,347 shares of the computer hardware maker’s stock worth $1,814,480,000 after acquiring an additional 210,550 shares in the last quarter. Finally, Atria Investments LLC lifted its stake in NVIDIA by 73.5% during the fourth quarter. Atria Investments LLC now owns 25,949 shares of the computer hardware maker’s stock worth $6,106,000 after purchasing an additional 10,989 shares during the last quarter. 66.68% of the stock is currently owned by institutional investors.
NVDA has been the subject of several recent analyst reports. Mizuho restated a “buy” rating and set a $400.00 price objective (up previously from $295.00) on shares of NVIDIA in a research report on Friday. BidaskClub raised shares of NVIDIA from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, April 1st. UBS Group upped their price objective on shares of NVIDIA from $330.00 to $400.00 and gave the company a “buy” rating in a research note on Friday. Barclays reiterated a “buy” rating and set a $300.00 target price on shares of NVIDIA in a research report on Friday, February 14th. Finally, Wedbush boosted their target price on NVIDIA from $340.00 to $420.00 and gave the company an “outperform” rating in a report on Friday. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $340.68.
Shares of NVDA traded up $10.04 on Friday, reaching $361.05. The stock had a trading volume of 25,601,366 shares, compared to its average volume of 12,644,931. NVIDIA Co. has a twelve month low of $132.60 and a twelve month high of $363.72. The firm has a market capitalization of $215.92 billion, a PE ratio of 67.49, a PEG ratio of 3.68 and a beta of 1.33. The firm has a 50-day moving average of $292.70 and a 200 day moving average of $252.32. The company has a quick ratio of 7.13, a current ratio of 7.67 and a debt-to-equity ratio of 0.21.
NVIDIA (NASDAQ:NVDA) last posted its earnings results on Thursday, May 21st. The computer hardware maker reported $1.80 EPS for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.44. The company had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3 billion. NVIDIA had a return on equity of 29.76% and a net margin of 28.17%. NVIDIA’s quarterly revenue was up 38.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.88 earnings per share. On average, sell-side analysts anticipate that NVIDIA Co. will post 6.29 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.18%. NVIDIA’s dividend payout ratio is presently 13.94%.
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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