Echo Street Capital Management LLC Boosts Holdings in NVIDIA Co. (NASDAQ:NVDA)

Echo Street Capital Management LLC lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDAGet Rating) by 43.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 575,169 shares of the computer hardware maker’s stock after buying an additional 173,944 shares during the quarter. Echo Street Capital Management LLC’s holdings in NVIDIA were worth $156,941,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. BRYN MAWR TRUST Co lifted its position in NVIDIA by 3.0% during the fourth quarter. BRYN MAWR TRUST Co now owns 20,092 shares of the computer hardware maker’s stock valued at $5,909,000 after buying an additional 578 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI boosted its stake in NVIDIA by 2.0% during the fourth quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 6,473 shares of the computer hardware maker’s stock worth $1,904,000 after acquiring an additional 125 shares in the last quarter. Ropes Wealth Advisors LLC grew its holdings in NVIDIA by 26.6% in the fourth quarter. Ropes Wealth Advisors LLC now owns 5,278 shares of the computer hardware maker’s stock worth $1,552,000 after purchasing an additional 1,110 shares during the period. Winfield Associates Inc. increased its stake in shares of NVIDIA by 12.7% during the fourth quarter. Winfield Associates Inc. now owns 14,876 shares of the computer hardware maker’s stock valued at $4,375,000 after purchasing an additional 1,673 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of NVIDIA by 5.8% during the fourth quarter. International Assets Investment Management LLC now owns 28,565 shares of the computer hardware maker’s stock valued at $7,815,000 after purchasing an additional 1,578 shares during the last quarter. 62.58% of the stock is owned by institutional investors.

NVIDIA Stock Up 2.8 %

Shares of NASDAQ NVDA opened at $143.87 on Friday. NVIDIA Co. has a 1 year low of $132.70 and a 1 year high of $346.47. The company has a market capitalization of $358.24 billion, a P/E ratio of 47.17, a P/E/G ratio of 4.74 and a beta of 1.69. The company has a 50 day simple moving average of $166.39 and a 200-day simple moving average of $191.81. 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 (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). The business had revenue of $6.70 billion during the quarter, compared to analyst estimates of $6.70 billion. NVIDIA had a net margin of 26.03% and a return on equity of 36.83%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the company earned $0.89 EPS. On average, equities research analysts predict that NVIDIA Co. will post 2.48 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on NVDA shares. Susquehanna Bancshares reduced their price objective on NVIDIA from $220.00 to $210.00 and set a “positive” rating for the company in a research report on Tuesday, August 9th. KeyCorp lowered their price target on NVIDIA from $250.00 to $230.00 and set an “overweight” rating for the company in a research report on Tuesday, July 12th. Cowen cut their price objective on shares of NVIDIA from $350.00 to $265.00 and set an “outperform” rating on the stock in a research report on Thursday, May 26th. StockNews.com raised shares of NVIDIA from a “sell” rating to a “hold” rating in a report on Monday, September 5th. Finally, Truist Financial cut their price target on shares of NVIDIA from $216.00 to $198.00 and set a “buy” rating on the stock in a report on Thursday, August 25th. Eleven analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $217.26.

Insider Activity at NVIDIA

In related news, Director Mark A. Stevens sold 113,850 shares of NVIDIA stock in a transaction that occurred on Monday, June 13th. The shares were sold at an average price of $158.03, for a total value of $17,991,715.50. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.04% of the stock is currently owned by company insiders.

About NVIDIA

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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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