Argent Capital Management LLC held its stake in NVIDIA Corporation (NASDAQ:NVDA) during the first quarter, Holdings Channel reports. The institutional investor owned 11,335 shares of the computer hardware maker’s stock at the end of the first quarter. Argent Capital Management LLC’s holdings in NVIDIA Corporation were worth $1,235,000 as of its most recent filing with the SEC.
Other hedge funds also recently added to or reduced their stakes in the company. Greenwich Wealth Management LLC raised its stake in NVIDIA Corporation by 0.6% in the first quarter. Greenwich Wealth Management LLC now owns 55,437 shares of the computer hardware maker’s stock valued at $6,039,000 after buying an additional 357 shares during the last quarter. Columbus Circle Investors bought a new stake in NVIDIA Corporation during the first quarter valued at $8,530,000. Ameriprise Financial Inc. raised its stake in NVIDIA Corporation by 46.6% in the first quarter. Ameriprise Financial Inc. now owns 5,257,325 shares of the computer hardware maker’s stock valued at $572,695,000 after buying an additional 1,672,231 shares during the last quarter. Westpac Banking Corp raised its stake in NVIDIA Corporation by 115.1% in the first quarter. Westpac Banking Corp now owns 206,606 shares of the computer hardware maker’s stock valued at $7,539,000 after buying an additional 110,562 shares during the last quarter. Finally, Gerber Kawasaki Wealth & Investment Management raised its stake in NVIDIA Corporation by 38.7% in the first quarter. Gerber Kawasaki Wealth & Investment Management now owns 49,140 shares of the computer hardware maker’s stock valued at $4,915,000 after buying an additional 13,717 shares during the last quarter. Institutional investors own 70.10% of the company’s stock.
Shares of NVIDIA Corporation (NASDAQ NVDA) traded up 1.64% during mid-day trading on Tuesday, reaching $159.90. The company’s stock had a trading volume of 7,764,520 shares. The company’s 50 day moving average price is $134.62 and its 200-day moving average price is $112.04. NVIDIA Corporation has a 1-year low of $44.57 and a 1-year high of $168.50. The company has a market capitalization of $95.14 billion, a price-to-earnings ratio of 53.68 and a beta of 1.24.
NVIDIA Corporation (NASDAQ:NVDA) last posted its quarterly earnings data on Tuesday, May 9th. The computer hardware maker reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.16. NVIDIA Corporation had a return on equity of 36.40% and a net margin of 25.95%. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter last year, the firm earned $0.46 earnings per share. The business’s revenue was up 48.7% on a year-over-year basis. Analysts predict that NVIDIA Corporation will post $3.09 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 14th. Stockholders of record on Tuesday, May 23rd were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.36%. The ex-dividend date was Friday, May 19th. NVIDIA Corporation’s dividend payout ratio (DPR) is 18.60%.
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NVDA has been the topic of several recent research reports. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $171.00 price target (up previously from $165.00) on shares of NVIDIA Corporation in a report on Wednesday, June 14th. Vetr lowered NVIDIA Corporation from a “strong-buy” rating to a “buy” rating and set a $117.10 price target on the stock. in a report on Monday, March 20th. MKM Partners initiated coverage on NVIDIA Corporation in a report on Wednesday, February 22nd. They set a “neutral” rating and a $100.00 price target on the stock. Nomura lowered NVIDIA Corporation from a “buy” rating to a “reduce” rating and set a $90.00 price target on the stock. in a report on Friday, March 3rd. Finally, Citigroup Inc. set a $145.00 price target on NVIDIA Corporation and gave the company a “buy” rating in a report on Saturday, March 11th. Six analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $118.26.
In other news, EVP Ajay K. Puri sold 133,542 shares of the firm’s stock in a transaction on Thursday, March 30th. The stock was sold at an average price of $108.53, for a total transaction of $14,493,313.26. Following the sale, the executive vice president now owns 601,367 shares in the company, valued at $65,266,360.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director A Brooke Seawell sold 3,107 shares of the firm’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $140.00, for a total value of $434,980.00. Following the sale, the director now owns 5,165 shares in the company, valued at approximately $723,100. The disclosure for this sale can be found here. Insiders have sold 410,304 shares of company stock worth $54,139,604 in the last 90 days. Insiders own 5.17% of the company’s stock.
About NVIDIA Corporation
Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at 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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