Private Harbour Investment Management & Counsel LLC reduced its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 35.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 6,892 shares of the computer hardware maker’s stock after selling 3,838 shares during the period. Private Harbour Investment Management & Counsel LLC’s holdings in NVIDIA were worth $1,238,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in NVDA. Vanguard Group Inc boosted its position in shares of NVIDIA by 4.0% during the third quarter. Vanguard Group Inc now owns 44,464,641 shares of the computer hardware maker’s stock valued at $12,495,455,000 after buying an additional 1,693,736 shares during the period. BKD Wealth Advisors LLC boosted its position in shares of NVIDIA by 132.2% during the fourth quarter. BKD Wealth Advisors LLC now owns 2,264 shares of the computer hardware maker’s stock valued at $302,000 after buying an additional 1,289 shares during the period. BB&T Corp boosted its position in shares of NVIDIA by 6.5% during the fourth quarter. BB&T Corp now owns 3,622 shares of the computer hardware maker’s stock valued at $484,000 after buying an additional 221 shares during the period. Shine Investment Advisory Services Inc. boosted its position in shares of NVIDIA by 42.3% during the fourth quarter. Shine Investment Advisory Services Inc. now owns 797 shares of the computer hardware maker’s stock valued at $106,000 after buying an additional 237 shares during the period. Finally, Strs Ohio boosted its position in shares of NVIDIA by 81.4% during the fourth quarter. Strs Ohio now owns 499,288 shares of the computer hardware maker’s stock valued at $66,654,000 after buying an additional 224,096 shares during the period. Institutional investors own 69.13% of the company’s stock.
Several analysts have recently weighed in on the stock. TheStreet raised shares of NVIDIA from a “c+” rating to a “b-” rating in a research note on Thursday, April 4th. BidaskClub raised shares of NVIDIA from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 5th. DZ Bank downgraded shares of NVIDIA to a “sell” rating and set a $170.00 price target for the company. in a research note on Friday, April 12th. Nomura assumed coverage on shares of NVIDIA in a research note on Tuesday, April 2nd. They set a “neutral” rating and a $147.00 price target for the company. Finally, Zacks Investment Research raised shares of NVIDIA from a “strong sell” rating to a “hold” rating in a research note on Monday, April 1st. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $198.93.
NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, May 16th. The computer hardware maker reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.07. NVIDIA had a net margin of 30.68% and a return on equity of 31.27%. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same period in the previous year, the company earned $2.05 earnings per share. The business’s revenue for the quarter was down 30.8% on a year-over-year basis. On average, sell-side analysts predict that NVIDIA Co. will post 4.21 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, May 31st will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.43%. The ex-dividend date is Thursday, May 30th. NVIDIA’s dividend payout ratio is currently 10.54%.
In other NVIDIA news, EVP Debora Shoquist sold 5,823 shares of NVIDIA stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $185.00, for a total value of $1,077,255.00. Following the transaction, the executive vice president now directly owns 171,783 shares of the company’s stock, valued at $31,779,855. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Colette Kress sold 14,092 shares of NVIDIA stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $183.33, for a total transaction of $2,583,486.36. The disclosure for this sale can be found here. Insiders sold 20,029 shares of company stock worth $3,678,385 over the last ninety days. Corporate insiders own 4.64% of the company’s stock.
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NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims 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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