TrimTabs Asset Management LLC lessened its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 34.1% during the first quarter, Holdings Channel.com reports. The fund owned 3,231 shares of the computer hardware maker’s stock after selling 1,672 shares during the period. TrimTabs Asset Management LLC’s holdings in NVIDIA were worth $1,659,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. PrairieView Partners LLC bought a new position in NVIDIA during the 4th quarter worth $26,000. Cedar Mountain Advisors LLC bought a new position in NVIDIA during the 4th quarter worth $34,000. Bartlett & Co. LLC increased its stake in NVIDIA by 48.2% during the 4th quarter. Bartlett & Co. LLC now owns 83 shares of the computer hardware maker’s stock worth $43,000 after acquiring an additional 27 shares during the period. Perennial Advisors LLC bought a new position in shares of NVIDIA in the 4th quarter valued at $49,000. Finally, Litman Gregory Asset Management LLC bought a new position in shares of NVIDIA in the 4th quarter valued at $52,000. Hedge funds and other institutional investors own 65.70% of the company’s stock.
In related news, Director Mark L. Perry sold 6,104 shares of the company’s stock in a transaction that occurred on Monday, April 5th. The shares were sold at an average price of $556.58, for a total value of $3,397,364.32. Following the transaction, the director now directly owns 8,031 shares in the company, valued at $4,469,893.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.47% of the stock is currently owned by corporate insiders.
Shares of NVIDIA stock traded up $9.41 on Thursday, reaching $575.15. The stock had a trading volume of 183,425 shares, compared to its average volume of 8,266,496. NVIDIA Co. has a 1 year low of $257.00 and a 1 year high of $614.90. The company has a market cap of $356.59 billion, a P/E ratio of 92.59, a price-to-earnings-growth ratio of 3.87 and a beta of 1.45. The company has a current ratio of 3.92, a quick ratio of 3.52 and a debt-to-equity ratio of 0.39. The business’s 50 day moving average is $534.84 and its two-hundred day moving average is $535.31.
NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Tuesday, February 23rd. The computer hardware maker reported $3.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.81 by $0.29. The company had revenue of $5 billion for the quarter, compared to analysts’ expectations of $4.83 billion. NVIDIA had a net margin of 25.89% and a return on equity of 32.61%. During the same period in the prior year, the business earned $1.89 earnings per share. On average, equities analysts anticipate that NVIDIA Co. will post 7.65 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Investors of record on Wednesday, March 10th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.11%. The ex-dividend date was Tuesday, March 9th. NVIDIA’s dividend payout ratio (DPR) is 13.94%.
NVDA has been the topic of several recent research reports. Susquehanna Bancshares raised their price objective on NVIDIA from $625.00 to $700.00 and gave the company a “positive” rating in a report on Monday, February 22nd. Cowen raised their price objective on NVIDIA from $600.00 to $665.00 and gave the company an “outperform” rating in a report on Wednesday, March 3rd. Barclays raised their price objective on NVIDIA from $550.00 to $600.00 and gave the company an “overweight” rating in a report on Tuesday, January 26th. They noted that the move was a valuation call. Deutsche Bank Aktiengesellschaft raised their price objective on NVIDIA from $550.00 to $560.00 and gave the company a “hold” rating in a report on Monday, March 1st. Finally, Truist raised their price objective on NVIDIA from $672.00 to $700.00 in a report on Thursday, February 25th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and twenty-nine have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $593.56.
NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based gaming; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for artificial intelligence (AI) utilizing deep learning, accelerated computing, and general purpose computing; GRID, which provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and EGX for accelerated AI computing at the edge.
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