Hoylecohen LLC boosted its stake in NVIDIA Co. (NASDAQ:NVDA) by 18.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,212 shares of the computer hardware maker’s stock after buying an additional 645 shares during the period. Hoylecohen LLC’s holdings in NVIDIA were worth $756,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of NVDA. Oregon Public Employees Retirement Fund lifted its holdings in NVIDIA by 8,687.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,509,787 shares of the computer hardware maker’s stock worth $161,000 after buying an additional 21,265,009 shares during the period. Norges Bank purchased a new stake in NVIDIA in the fourth quarter worth about $737,230,000. Parnassus Investments CA purchased a new stake in NVIDIA in the fourth quarter worth about $394,670,000. SG Americas Securities LLC lifted its holdings in NVIDIA by 104.7% in the first quarter. SG Americas Securities LLC now owns 128,201 shares of the computer hardware maker’s stock worth $23,020,000 after buying an additional 2,866,055 shares during the period. Finally, Vanguard Group Inc lifted its holdings in NVIDIA by 4.0% in the third quarter. Vanguard Group Inc now owns 44,464,641 shares of the computer hardware maker’s stock worth $12,495,455,000 after buying an additional 1,693,736 shares during the period. Institutional investors and hedge funds own 67.56% of the company’s stock.

NVDA has been the subject of several research analyst reports. BMO Capital Markets raised their price objective on shares of NVIDIA to $140.00 and gave the stock an “in-line” rating in a report on Friday, February 15th. Cowen restated an “outperform” rating and issued a $195.00 price objective (down from $215.00) on shares of NVIDIA in a report on Friday, February 15th. BidaskClub raised shares of NVIDIA from a “hold” rating to a “buy” rating in a research note on Friday, February 15th. Rosenblatt Securities raised their target price on shares of NVIDIA to $190.00 and gave the company a “buy” rating in a research note on Friday, February 15th. Finally, MKM Partners raised their target price on shares of NVIDIA to $170.00 and gave the company a “neutral” rating in a research note on Friday, February 15th. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-five have issued a buy rating to the company’s stock. NVIDIA has a consensus rating of “Hold” and an average target price of $198.38.

Shares of NVDA opened at $144.64 on Friday. The company has a market cap of $90.29 billion, a P/E ratio of 23.83, a PEG ratio of 3.77 and a beta of 2.03. The company has a quick ratio of 7.78, a current ratio of 8.98 and a debt-to-equity ratio of 0.25. NVIDIA Co. has a twelve month low of $124.46 and a twelve month high of $292.76.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, May 16th. The computer hardware maker reported $0.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.07. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.20 billion. NVIDIA had a net margin of 30.68% and a return on equity of 31.27%. The firm’s quarterly revenue was down 30.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.05 earnings per share. On average, sell-side analysts anticipate that NVIDIA Co. will post 4.19 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, May 31st will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Thursday, May 30th. NVIDIA’s dividend payout ratio (DPR) is currently 10.54%.

In related news, CFO Colette Kress sold 14,092 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $183.33, for a total transaction of $2,583,486.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Debora Shoquist sold 5,823 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $185.00, for a total transaction of $1,077,255.00. Following the sale, the executive vice president now directly owns 171,783 shares of the company’s stock, valued at approximately $31,779,855. The disclosure for this sale can be found here. 4.64% of the stock is owned by company insiders.

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NVIDIA Company Profile

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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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