Peninsula Wealth LLC Has $1.58 Million Holdings in NVIDIA Co. (NASDAQ:NVDA)

Peninsula Wealth LLC lifted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 21.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,004 shares of the computer hardware maker’s stock after acquiring an additional 1,051 shares during the quarter. NVIDIA makes up approximately 0.9% of Peninsula Wealth LLC’s holdings, making the stock its 17th largest holding. Peninsula Wealth LLC’s holdings in NVIDIA were worth $1,583,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Budros Ruhlin & Roe Inc. lifted its holdings in NVIDIA by 2.4% during the 1st quarter. Budros Ruhlin & Roe Inc. now owns 1,434 shares of the computer hardware maker’s stock worth $378,000 after buying an additional 33 shares in the last quarter. Solstein Capital LLC lifted its holdings in NVIDIA by 11.1% during the 1st quarter. Solstein Capital LLC now owns 360 shares of the computer hardware maker’s stock worth $95,000 after buying an additional 36 shares in the last quarter. San Francisco Sentry Investment Group CA lifted its holdings in NVIDIA by 7.3% during the 1st quarter. San Francisco Sentry Investment Group CA now owns 572 shares of the computer hardware maker’s stock worth $151,000 after buying an additional 39 shares in the last quarter. HM Payson & Co. lifted its holdings in NVIDIA by 1.2% during the 4th quarter. HM Payson & Co. now owns 3,517 shares of the computer hardware maker’s stock worth $828,000 after buying an additional 40 shares in the last quarter. Finally, Spotlight Asset Group Inc. lifted its holdings in NVIDIA by 2.2% during the 1st quarter. Spotlight Asset Group Inc. now owns 1,886 shares of the computer hardware maker’s stock worth $497,000 after buying an additional 40 shares in the last quarter. 68.89% of the stock is currently owned by institutional investors and hedge funds.

Shares of NVIDIA stock traded down $4.19 during trading hours on Monday, reaching $350.83. 5,751,596 shares of the company’s stock were exchanged, compared to its average volume of 15,264,069. The company has a 50 day moving average of $307.02 and a two-hundred day moving average of $257.48. NVIDIA Co. has a fifty-two week low of $132.60 and a fifty-two week high of $367.27. The company has a current ratio of 10.29, a quick ratio of 9.70 and a debt-to-equity ratio of 0.57. The stock has a market cap of $215.00 billion, a P/E ratio of 65.58, a P/E/G ratio of 3.26 and a beta of 1.38.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data 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. NVIDIA had a net margin of 28.17% and a return on equity of 28.59%. The company had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3 billion. During the same period in the prior year, the business posted $0.88 EPS. The company’s quarterly revenue was up 38.7% on a year-over-year basis. As a group, analysts expect that NVIDIA Co. will post 6.46 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be paid a $0.16 dividend. The ex-dividend date is Thursday, June 4th. This represents a $0.64 annualized dividend and a yield of 0.18%. NVIDIA’s dividend payout ratio (DPR) is currently 13.94%.

Several analysts have commented on NVDA shares. Goldman Sachs Group reiterated a “buy” rating on shares of NVIDIA in a research report on Tuesday, February 18th. Cowen upped their target price on shares of NVIDIA from $325.00 to $410.00 and gave the company an “outperform” rating in a research report on Friday, May 22nd. Nomura Instinet upped their target price on shares of NVIDIA from $230.00 to $260.00 and gave the company a “reduce” rating in a research report on Friday, May 22nd. Piper Sandler upped their target price on shares of NVIDIA from $350.00 to $390.00 and gave the company an “overweight” rating in a research report on Friday, May 22nd. Finally, Raymond James upped their target price on shares of NVIDIA from $330.00 to $370.00 and gave the company an “outperform” rating in a research report on Friday, May 22nd. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirty-three have issued a buy rating to the company. NVIDIA currently has an average rating of “Buy” and an average target price of $344.73.

In related news, Director James C. Gaither sold 15,669 shares of the firm’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $269.41, for a total value of $4,221,385.29. Following the completion of the sale, the director now directly owns 2,221 shares in the company, valued at approximately $598,359.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert K. Burgess sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $222.33, for a total transaction of $4,446,600.00. Following the sale, the director now owns 13,935 shares of the company’s stock, valued at $3,098,168.55. The disclosure for this sale can be found here. Insiders sold a total of 107,376 shares of company stock valued at $27,649,807 over the last quarter. 4.47% of the stock is currently owned by company insiders.

About NVIDIA

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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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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