CLARET ASSET MANAGEMENT Corp Purchases 92 Shares of NVIDIA Co. (NASDAQ:NVDA)

CLARET ASSET MANAGEMENT Corp increased its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 7.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,370 shares of the computer hardware maker’s stock after buying an additional 92 shares during the period. CLARET ASSET MANAGEMENT Corp’s holdings in NVIDIA were worth $731,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Minot Wealth Management LLC increased its stake in NVIDIA by 13.7% in the fourth quarter. Minot Wealth Management LLC now owns 8,758 shares of the computer hardware maker’s stock valued at $4,573,000 after purchasing an additional 1,054 shares in the last quarter. AlphaStar Capital Management LLC grew its holdings in shares of NVIDIA by 18.9% during the first quarter. AlphaStar Capital Management LLC now owns 8,539 shares of the computer hardware maker’s stock valued at $4,559,000 after buying an additional 1,357 shares during the last quarter. Hartford Investment Management Co. grew its holdings in shares of NVIDIA by 11.5% during the fourth quarter. Hartford Investment Management Co. now owns 73,359 shares of the computer hardware maker’s stock valued at $38,308,000 after buying an additional 7,593 shares during the last quarter. Private Harbour Investment Management & Counsel LLC grew its holdings in shares of NVIDIA by 13.6% during the fourth quarter. Private Harbour Investment Management & Counsel LLC now owns 4,157 shares of the computer hardware maker’s stock valued at $2,171,000 after buying an additional 497 shares during the last quarter. Finally, Glaxis Capital Management LLC acquired a new position in shares of NVIDIA during the fourth quarter valued at about $1,567,000. 65.70% of the stock is owned by hedge funds and other institutional investors.

Shares of NVIDIA stock opened at $569.72 on Friday. 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 company has a 50-day moving average of $581.32 and a 200 day moving average of $546.90. The firm has a market cap of $354.58 billion, a price-to-earnings ratio of 93.24, a PEG ratio of 3.87 and a beta of 1.45. NVIDIA Co. has a 1 year low of $314.96 and a 1 year high of $648.57.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Tuesday, February 23rd. The computer hardware maker reported $3.10 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.29. The business had revenue of $5 billion during the quarter, compared to analyst estimates of $4.83 billion. NVIDIA had a net margin of 25.89% and a return on equity of 32.61%. During the same period last year, the business earned $1.89 EPS. On average, equities analysts anticipate that NVIDIA Co. will post 7.65 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Wednesday, March 10th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, March 9th. This represents a $0.64 dividend on an annualized basis and a yield of 0.11%. NVIDIA’s dividend payout ratio is currently 13.94%.

NVDA has been the subject of a number of analyst reports. Cascend Securities lifted their price objective on shares of NVIDIA from $620.00 to $640.00 and gave the company a “buy” rating in a report on Wednesday, March 3rd. Barclays boosted their price target on shares of NVIDIA from $600.00 to $650.00 and gave the stock an “overweight” rating in a report on Monday, April 19th. Wells Fargo & Company boosted their price target on shares of NVIDIA from $625.00 to $715.00 and gave the stock an “overweight” rating in a report on Monday, April 19th. Craig Hallum boosted 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. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of NVIDIA from $560.00 to $575.00 and gave the company a “hold” rating in a research note on Monday, April 19th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $611.84.

In other news, Director Robert K. Burgess sold 14,500 shares of the firm’s stock in a transaction dated Thursday, April 15th. The shares were sold at an average price of $627.95, for a total transaction of $9,105,275.00. Also, Director Persis Drell sold 1,200 shares of the firm’s stock in a transaction dated Monday, April 12th. The shares were sold at an average price of $587.53, for a total transaction of $705,036.00. Following the sale, the director now directly owns 16,844 shares in the company, valued at approximately $9,896,355.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,804 shares of company stock valued at $13,207,675. 4.47% of the stock is owned by company insiders.

NVIDIA 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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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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