NVIDIA Co. (NASDAQ:NVDA) is IPG Investment Advisors LLC’s 10th Largest Position

IPG Investment Advisors LLC lifted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 2.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,173 shares of the computer hardware maker’s stock after purchasing an additional 845 shares during the period. NVIDIA comprises about 3.5% of IPG Investment Advisors LLC’s portfolio, making the stock its 10th largest holding. IPG Investment Advisors LLC’s holdings in NVIDIA were worth $8,217,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Budros Ruhlin & Roe Inc. increased its stake in shares of NVIDIA by 2.4% in the 1st quarter. Budros Ruhlin & Roe Inc. now owns 1,434 shares of the computer hardware maker’s stock valued at $378,000 after purchasing an additional 33 shares in the last quarter. Solstein Capital LLC increased its stake 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 increased its stake 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. grew its position in shares of NVIDIA by 1.2% in the fourth quarter. HM Payson & Co. now owns 3,517 shares of the computer hardware maker’s stock valued at $828,000 after purchasing an additional 40 shares in the last quarter. Finally, Spotlight Asset Group Inc. grew its position in shares of NVIDIA by 2.2% in the first quarter. Spotlight Asset Group Inc. now owns 1,886 shares of the computer hardware maker’s stock valued at $497,000 after purchasing an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 68.76% of the company’s stock.

In other news, Director A Brooke Seawell sold 629 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $366.27, for a total transaction of $230,383.83. Following the completion of the sale, the director now owns 16,159 shares in the company, valued at $5,918,556.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ajay K. Puri sold 1,078 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $364.97, for a total value of $393,437.66. Following the sale, the executive vice president now owns 68,046 shares of the company’s stock, valued at approximately $24,834,748.62. The disclosure for this sale can be found here. In the last quarter, insiders sold 107,376 shares of company stock valued at $27,649,807. 4.47% of the stock is owned by company insiders.

NASDAQ NVDA traded up $15.54 on Friday, reaching $355.02. The stock had a trading volume of 18,647,994 shares, compared to its average volume of 14,759,365. The company has a debt-to-equity ratio of 0.57, a quick ratio of 9.70 and a current ratio of 10.29. NVIDIA Co. has a 12-month low of $132.60 and a 12-month high of $367.27. The business’s 50-day moving average price is $307.02 and its 200 day moving average price is $257.48. The stock has a market cap of $218.34 billion, a P/E ratio of 66.36, a price-to-earnings-growth ratio of 3.26 and a beta of 1.33.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, May 21st. The computer hardware maker reported $1.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.44. NVIDIA had a return on equity of 28.59% and a net margin of 28.17%. The company had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3 billion. During the same quarter in the previous year, the business earned $0.88 earnings per share. The firm’s revenue for the quarter was up 38.7% on a year-over-year basis. On average, sell-side analysts predict that NVIDIA Co. will post 6.46 earnings per share for the current year.

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

NVDA has been the subject of a number of analyst reports. Craig Hallum upped their price target on NVIDIA from $300.00 to $335.00 and gave the company a “hold” rating in a research report on Friday, May 22nd. Morgan Stanley upped their price target on NVIDIA from $282.00 to $363.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Cascend Securities upped their price target on NVIDIA from $370.00 to $380.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Piper Sandler upped their price target on NVIDIA from $350.00 to $390.00 and gave the company an “overweight” rating in a research report on Friday, May 22nd. Finally, Needham & Company LLC upped their price target on NVIDIA from $360.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and thirty-three have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $344.73.

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.

Featured Article: 52 Week Highs

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Co. (NASDAQ:NVDA).

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.