NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by Psagot Value Holdings Ltd. Israel

Psagot Value Holdings Ltd. Israel raised its holdings in NVIDIA Co. (NASDAQ:NVDAGet Rating) by 15.0% in the first quarter, Holdings Channel.com reports. The fund owned 15,745 shares of the computer hardware maker’s stock after acquiring an additional 2,050 shares during the period. Psagot Value Holdings Ltd. Israel’s holdings in NVIDIA were worth $4,296,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of NVDA. Rather & Kittrell Inc. acquired a new stake in NVIDIA in the 4th quarter valued at about $26,000. Emerson Wealth LLC acquired a new stake in NVIDIA in the 1st quarter valued at about $27,000. Roble Belko & Company Inc lifted its holdings in NVIDIA by 550.0% in the 1st quarter. Roble Belko & Company Inc now owns 104 shares of the computer hardware maker’s stock valued at $28,000 after acquiring an additional 88 shares during the last quarter. Clear Perspectives Financial Planning LLC acquired a new stake in NVIDIA in the 1st quarter valued at about $28,000. Finally, Claremont Financial Group Inc. acquired a new stake in NVIDIA in the 4th quarter valued at about $29,000. 62.58% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 113,850 shares of the stock in a transaction that occurred on Monday, June 13th. The stock was sold at an average price of $158.03, for a total transaction of $17,991,715.50. Following the transaction, 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 SEC, which is available at the SEC website. Corporate insiders own 4.04% of the company’s stock.

NVIDIA Price Performance

Shares of NVDA opened at $143.87 on Friday. The firm has a market cap of $358.24 billion, a PE ratio of 47.17, a PEG ratio of 4.61 and a beta of 1.69. The firm’s 50 day moving average price is $166.39 and its 200 day moving average price is $192.03. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.11 and a current ratio of 3.62. NVIDIA Co. has a twelve month low of $132.70 and a twelve month high of $346.47.

NVIDIA (NASDAQ:NVDAGet Rating) last announced its quarterly earnings results on Wednesday, August 24th. The computer hardware maker reported $0.51 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.05). NVIDIA had a net margin of 26.03% and a return on equity of 36.83%. The company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $6.70 billion. During the same quarter last year, the business earned $0.89 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, research analysts expect that NVIDIA Co. will post 2.48 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 8th will be issued a dividend of $0.04 per share. The ex-dividend date is Wednesday, September 7th. This represents a $0.16 annualized dividend and a yield of 0.11%. NVIDIA’s dividend payout ratio (DPR) is presently 5.25%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Cowen cut their price target on shares of NVIDIA from $350.00 to $265.00 and set an “outperform” rating for the company in a report on Thursday, May 26th. Robert W. Baird reduced their price objective on shares of NVIDIA from $150.00 to $135.00 and set a “neutral” rating for the company in a research note on Thursday, August 25th. KeyCorp reduced their price objective on shares of NVIDIA from $250.00 to $230.00 and set an “overweight” rating for the company in a research note on Tuesday, July 12th. Barclays reduced their price objective on shares of NVIDIA from $200.00 to $190.00 and set an “overweight” rating for the company in a research note on Thursday, August 25th. Finally, Atlantic Securities reduced their price objective on shares of NVIDIA to $205.00 in a research note on Thursday, May 26th. Eleven research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $217.26.

NVIDIA 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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