Beaton Management Co. Inc. Has $1.69 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

Beaton Management Co. Inc. boosted its position in shares of NVIDIA Co. (NASDAQ:NVDAGet Rating) by 3.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,192 shares of the computer hardware maker’s stock after buying an additional 217 shares during the period. NVIDIA makes up approximately 1.0% of Beaton Management Co. Inc.’s investment portfolio, making the stock its 29th largest position. Beaton Management Co. Inc.’s holdings in NVIDIA were worth $1,690,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Spreng Capital Management Inc. raised its holdings in NVIDIA by 3.0% in the 1st quarter. Spreng Capital Management Inc. now owns 5,854 shares of the computer hardware maker’s stock valued at $1,597,000 after buying an additional 169 shares during the last quarter. Merit Financial Group LLC raised its holdings in NVIDIA by 33.7% in the 1st quarter. Merit Financial Group LLC now owns 15,310 shares of the computer hardware maker’s stock valued at $4,177,000 after buying an additional 3,861 shares during the last quarter. Doyle Wealth Management raised its holdings in NVIDIA by 7.9% in the 1st quarter. Doyle Wealth Management now owns 6,324 shares of the computer hardware maker’s stock valued at $1,725,000 after buying an additional 461 shares during the last quarter. Mather Group LLC. raised its holdings in NVIDIA by 31.8% in the 1st quarter. Mather Group LLC. now owns 15,126 shares of the computer hardware maker’s stock valued at $4,127,000 after buying an additional 3,651 shares during the last quarter. Finally, Donaldson Capital Management LLC raised its holdings in NVIDIA by 22.0% in the 1st quarter. Donaldson Capital Management LLC now owns 9,247 shares of the computer hardware maker’s stock valued at $2,523,000 after buying an additional 1,665 shares during the last quarter. 62.58% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Stock Up 2.0 %

Shares of NVDA opened at $139.90 on Friday. The firm has a market cap of $348.35 billion, a P/E ratio of 45.87, a P/E/G ratio of 4.51 and a beta of 1.69. The stock has a 50 day simple moving average of $166.41 and a two-hundred day simple moving average of $192.66. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.62 and a quick ratio of 3.11. NVIDIA Co. has a 1 year low of $132.70 and a 1 year high of $346.47.

NVIDIA (NASDAQ:NVDAGet Rating) last issued its earnings results on Wednesday, August 24th. The computer hardware maker reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.05). The firm had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $6.70 billion. NVIDIA had a return on equity of 36.83% and a net margin of 26.03%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.89 EPS. On average, analysts forecast that NVIDIA Co. will post 2.48 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 8th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.11%. The ex-dividend date is Wednesday, September 7th. NVIDIA’s dividend payout ratio is currently 5.25%.

Insiders Place Their Bets

In other NVIDIA news, Director Mark A. Stevens sold 113,850 shares of the business’s stock in a transaction that occurred on Monday, June 13th. The stock was sold at an average price of $158.03, for a total value of $17,991,715.50. Following the completion of the sale, the director now owns 2,596,493 shares in the company, valued at $410,323,788.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.04% of the stock is owned by insiders.

Analyst Ratings Changes

NVDA has been the subject of several analyst reports. Wells Fargo & Company lowered their price target on shares of NVIDIA from $370.00 to $250.00 and set an “overweight” rating for the company in a report on Friday, May 20th. Citigroup lowered their price target on shares of NVIDIA from $285.00 to $248.00 and set a “buy” rating for the company in a report on Thursday, August 25th. Oppenheimer reduced their price objective on shares of NVIDIA from $350.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, May 19th. Susquehanna Bancshares reduced their price objective on shares of NVIDIA from $220.00 to $210.00 and set a “positive” rating for the company in a research report on Tuesday, August 9th. Finally, Cowen reduced their price objective on shares of NVIDIA from $350.00 to $265.00 in a research report on Thursday, May 26th. Eleven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $217.26.

NVIDIA Company Profile

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NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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 workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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