MONECO Advisors LLC Buys 252 Shares of NVIDIA Co. (NASDAQ:NVDA)

MONECO Advisors LLC raised its stake in shares of NVIDIA Co. (NASDAQ:NVDAGet Rating) by 3.9% during the 1st quarter, Holdings Channel.com reports. The fund owned 6,759 shares of the computer hardware maker’s stock after acquiring an additional 252 shares during the period. MONECO Advisors LLC’s holdings in NVIDIA were worth $1,844,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Rather & Kittrell Inc. bought a new stake in shares of NVIDIA during the 4th quarter worth $26,000. Advanced Research Investment Solutions LLC bought a new stake in shares of NVIDIA during the 4th quarter worth $29,000. Claremont Financial Group Inc. bought a new stake in shares of NVIDIA during the 4th quarter worth $29,000. Emerson Wealth LLC bought a new stake in shares of NVIDIA during the 1st quarter worth $27,000. Finally, Roble Belko & Company Inc raised its stake in shares of NVIDIA by 550.0% during the 1st quarter. Roble Belko & Company Inc now owns 104 shares of the computer hardware maker’s stock worth $28,000 after purchasing an additional 88 shares during the period. 55.19% of the stock is currently owned by institutional investors.

NVIDIA Stock Performance

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

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

NVIDIA Dividend Announcement

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

Insider Buying and Selling

In other NVIDIA news, Director Mark A. Stevens sold 113,850 shares of the business’s stock in a transaction that occurred on Monday, June 13th. The stock was sold at an average price of $158.03, for a total value of $17,991,715.50. Following the completion of the sale, the director now owns 2,596,493 shares in the company, valued at $410,323,788.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 113,850 shares of the business’s stock in a transaction that occurred on Monday, June 13th. The stock was sold at an average price of $158.03, for a total value of $17,991,715.50. Following the completion of the sale, the director now owns 2,596,493 shares in the company, valued at $410,323,788.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Debora Shoquist sold 23,644 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 186,476 shares of the company’s stock, valued at approximately $35,100,377.48. The disclosure for this sale can be found here. Insiders sold 139,694 shares of company stock worth $22,850,524 in the last quarter. 4.04% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NVDA. Wells Fargo & Company lowered their target price on NVIDIA from $370.00 to $250.00 and set an “overweight” rating on the stock in a research note on Friday, May 20th. Robert W. Baird lowered their target price on NVIDIA from $165.00 to $150.00 and set a “neutral” rating on the stock in a research note on Thursday, July 14th. Cowen decreased their price objective on NVIDIA from $350.00 to $265.00 and set an “outperform” rating for the company in a report on Thursday, May 26th. Tigress Financial reissued a “buy” rating and issued a $310.00 price objective (down previously from $410.00) on shares of NVIDIA in a report on Friday, July 8th. They noted that the move was a valuation call. Finally, Cowen decreased their price objective on NVIDIA from $350.00 to $265.00 in a report on Thursday, May 26th. Seven 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 company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $252.24.

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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