Hyman Charles D Grows Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)


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Hyman Charles D increased its holdings in NVIDIA Co. (NASDAQ:NVDA) by 3.5% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,371 shares of the computer hardware maker’s stock after purchasing an additional 47 shares during the period. Hyman Charles D’s holdings in NVIDIA were worth $732,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NVDA. Savior LLC grew its position in shares of NVIDIA by 8.9% in the 1st quarter. Savior LLC now owns 209 shares of the computer hardware maker’s stock worth $112,000 after buying an additional 17 shares during the last quarter. Advisors Capital Management LLC lifted its position in NVIDIA by 1.1% during the fourth quarter. Advisors Capital Management LLC now owns 1,594 shares of the computer hardware maker’s stock valued at $832,000 after buying an additional 18 shares during the period. Tradewinds Capital Management LLC boosted its holdings in shares of NVIDIA by 3.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 487 shares of the computer hardware maker’s stock valued at $260,000 after buying an additional 18 shares in the last quarter. Endurance Wealth Management Inc. boosted its holdings in shares of NVIDIA by 1.0% during the 4th quarter. Endurance Wealth Management Inc. now owns 1,834 shares of the computer hardware maker’s stock valued at $958,000 after buying an additional 19 shares in the last quarter. Finally, Ausdal Financial Partners Inc. grew its position in shares of NVIDIA by 1.3% in the 4th quarter. Ausdal Financial Partners Inc. now owns 1,509 shares of the computer hardware maker’s stock worth $788,000 after buying an additional 19 shares during the period. 65.70% of the stock is owned by institutional investors.

In other NVIDIA news, Director Robert K. Burgess sold 14,500 shares of the stock in a transaction that occurred on 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 NVIDIA stock in a transaction that occurred on 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 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 three months, insiders have sold 21,804 shares of company stock worth $13,207,675. Insiders own 4.47% of the company’s stock.

A number of equities research analysts have weighed in on NVDA shares. Mizuho upped their price objective on shares of NVIDIA from $650.00 to $675.00 and gave the stock a “buy” rating in a report on Monday, April 19th. Deutsche Bank Aktiengesellschaft raised their price objective on NVIDIA from $560.00 to $575.00 and gave the company a “hold” rating in a research report on Monday, April 19th. Rosenblatt Securities boosted their target price on NVIDIA from $700.00 to $800.00 and gave the stock a “buy” rating in a report on Monday, April 19th. Susquehanna Bancshares raised their price target on NVIDIA from $625.00 to $700.00 and gave the company a “positive” rating in a report on Monday, February 22nd. Finally, Wedbush upped their price target on shares of NVIDIA from $600.00 to $640.00 and gave the stock an “outperform” rating in a research note on Thursday, February 25th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. NVIDIA currently has an average rating of “Buy” and an average price target of $606.61.

Shares of NVDA stock traded down $28.09 during trading hours on Tuesday, reaching $565.38. 248,875 shares of the company traded hands, compared to its average volume of 8,255,655. The firm has a 50-day moving average price of $568.71 and a 200 day moving average price of $545.05. The company has a market cap of $351.88 billion, a P/E ratio of 92.47, a P/E/G ratio of 3.87 and a beta of 1.45. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.92 and a quick ratio of 3.52. NVIDIA Co. has a 12-month low of $280.88 and a 12-month high of $648.57.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Tuesday, February 23rd. The computer hardware maker reported $3.10 EPS for the quarter, topping analysts’ consensus estimates 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 quarter last year, the business earned $1.89 EPS. Sell-side analysts predict that NVIDIA Co. will post 7.65 EPS for the current year.

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

About NVIDIA

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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