Howland Capital Management LLC increased its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,381 shares of the computer hardware maker’s stock after acquiring an additional 30 shares during the period. Howland Capital Management LLC’s holdings in NVIDIA were worth $1,271,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. PrairieView Partners LLC acquired a new stake in NVIDIA in the fourth quarter valued at approximately $26,000. Cedar Mountain Advisors LLC acquired a new stake in NVIDIA in the fourth quarter valued at approximately $34,000. Piscataqua Savings Bank acquired a new stake in NVIDIA in the first quarter valued at approximately $37,000. Bartlett & Co. LLC lifted its holdings in shares of NVIDIA by 48.2% during the fourth quarter. Bartlett & Co. LLC now owns 83 shares of the computer hardware maker’s stock worth $43,000 after purchasing an additional 27 shares during the period. Finally, Perennial Advisors LLC acquired a new position in shares of NVIDIA during the fourth quarter worth $49,000. Institutional investors and hedge funds own 65.70% of the company’s stock.
In related news, Director Mark L. Perry sold 6,104 shares of the business’s stock in a transaction dated Monday, April 5th. The shares were sold at an average price of $556.58, for a total transaction 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 filing with the SEC, which can be accessed through the SEC website. Also, Director Robert K. Burgess sold 14,500 shares of the business’s stock in a transaction dated Thursday, April 15th. The stock was sold at an average price of $627.95, for a total transaction of $9,105,275.00. Over the last three months, insiders have sold 21,804 shares of company stock valued at $13,207,675. 4.47% of the stock is currently owned by insiders.
NVDA has been the topic of a number of recent research reports. Rosenblatt Securities lifted their price target on shares of NVIDIA from $700.00 to $800.00 and gave the stock a “buy” rating in a report on Monday, April 19th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of NVIDIA from $560.00 to $575.00 and gave the stock a “hold” rating in a report on Monday, April 19th. New Street Research upgraded shares of NVIDIA from a “sell” rating to a “neutral” rating in a report on Wednesday, February 3rd. Raymond James upgraded shares of NVIDIA from an “outperform” rating to a “strong-buy” rating and lifted their price target for the stock from $700.00 to $750.00 in a report on Wednesday, April 21st. Finally, Craig Hallum lifted their price target on shares of NVIDIA from $520.00 to $550.00 and gave the stock a “hold” rating in a report on Thursday, February 25th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twenty-seven have issued 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 $606.61.
NASDAQ:NVDA opened at $593.47 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.92 and a quick ratio of 3.52. The firm has a 50-day moving average of $568.71 and a 200-day moving average of $545.05. The company has a market cap of $369.37 billion, a PE ratio of 97.13, a PEG ratio of 3.87 and a beta of 1.45. NVIDIA Co. has a one year low of $280.88 and a one year high of $648.57.
NVIDIA (NASDAQ:NVDA) last posted its earnings results on Tuesday, February 23rd. The computer hardware maker reported $3.10 EPS for the quarter, topping the consensus estimate of $2.81 by $0.29. The company had revenue of $5 billion during the quarter, compared to the consensus estimate 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 previous year, the firm posted $1.89 earnings per share. On average, equities research analysts expect that NVIDIA Co. will post 7.65 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Wednesday, March 10th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.11%. The ex-dividend date of this dividend was Tuesday, March 9th. NVIDIA’s payout ratio is presently 13.94%.
NVIDIA Company Profile
NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, Graphics and Compute & Networking. The 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 design; GRID software for cloud-based visual and virtual computing; and automotive platforms for infotainment systems.
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