Regent Peak Wealth Advisors LLC Increases Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)


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Regent Peak Wealth Advisors LLC raised its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 4.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,702 shares of the computer hardware maker’s stock after acquiring an additional 78 shares during the period. Regent Peak Wealth Advisors LLC’s holdings in NVIDIA were worth $908,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Savior LLC lifted its stake in shares of NVIDIA by 8.9% during the first quarter. Savior LLC now owns 209 shares of the computer hardware maker’s stock worth $112,000 after purchasing an additional 17 shares in the last quarter. Advisors Capital Management LLC lifted its stake in shares of NVIDIA by 1.1% during the fourth quarter. Advisors Capital Management LLC now owns 1,594 shares of the computer hardware maker’s stock worth $832,000 after purchasing an additional 18 shares in the last quarter. Tradewinds Capital Management LLC lifted its stake in shares of NVIDIA by 3.8% during the first quarter. Tradewinds Capital Management LLC now owns 487 shares of the computer hardware maker’s stock worth $260,000 after purchasing an additional 18 shares in the last quarter. Endurance Wealth Management Inc. lifted its stake in shares of NVIDIA by 1.0% in the fourth quarter. Endurance Wealth Management Inc. now owns 1,834 shares of the computer hardware maker’s stock worth $958,000 after acquiring an additional 19 shares in the last quarter. Finally, Ausdal Financial Partners Inc. lifted its stake in shares of NVIDIA by 1.3% in the fourth quarter. Ausdal Financial Partners Inc. now owns 1,509 shares of the computer hardware maker’s stock worth $788,000 after acquiring an additional 19 shares in the last quarter. 65.70% of the stock is owned by hedge funds and other institutional investors.

Shares of NVDA traded down $29.39 during mid-day trading on Tuesday, reaching $564.08. The company’s stock had a trading volume of 220,610 shares, compared to its average volume of 8,255,655. The business has a fifty day moving average of $568.71 and a 200 day moving average of $545.05. The company has a market cap of $351.07 billion, a price-to-earnings ratio of 92.47, a price-to-earnings-growth ratio of 3.87 and a beta of 1.45. NVIDIA Co. has a 1 year low of $280.88 and a 1 year high of $648.57. The company has a quick ratio of 3.52, a current ratio of 3.92 and a debt-to-equity ratio of 0.39.

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

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

Several research analysts recently commented on the company. Cowen boosted their price target on NVIDIA from $650.00 to $675.00 and gave the stock an “outperform” rating in a research note on Monday, April 19th. Craig Hallum boosted their price target on NVIDIA from $520.00 to $550.00 and gave the stock a “hold” rating in a research note on Thursday, February 25th. Deutsche Bank Aktiengesellschaft upped their price objective on NVIDIA from $560.00 to $575.00 and gave the company a “hold” rating in a research note on Monday, April 19th. Barclays upped their price objective on NVIDIA from $600.00 to $650.00 and gave the company an “overweight” rating in a research note on Monday, April 19th. Finally, Piper Sandler upped their price objective on NVIDIA from $575.00 to $625.00 and gave the company an “overweight” rating in a research note on Wednesday, March 3rd. Two 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’s stock. NVIDIA has an average rating of “Buy” and an average price target of $606.61.

In other news, Director Robert K. Burgess sold 14,500 shares of the company’s stock in a transaction on Thursday, April 15th. The shares were sold at an average price of $627.95, for a total value of $9,105,275.00. Also, Director Mark L. Perry sold 6,104 shares of the stock in a transaction on Monday, April 5th. The stock was 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 disclosure for this sale can be found here. Insiders sold 21,804 shares of company stock worth $13,207,675 over the last ninety days. 4.47% of the stock is currently owned by company insiders.

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.

See Also: Quiet Period

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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