Edmond DE Rothschild Holding S.A. grew its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 5.7% in the 1st quarter, Holdings Channel reports. The fund owned 20,379 shares of the computer hardware maker’s stock after purchasing an additional 1,101 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in NVIDIA were worth $3,659,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently modified their holdings of the business. Commonwealth Equity Services LLC lifted its position in NVIDIA by 12.6% during the first quarter. Commonwealth Equity Services LLC now owns 232,489 shares of the computer hardware maker’s stock worth $41,745,000 after acquiring an additional 26,088 shares during the last quarter. Simmons Bank bought a new position in shares of NVIDIA during the first quarter worth approximately $214,000. FIL Ltd increased its holdings in shares of NVIDIA by 1,015.4% during the first quarter. FIL Ltd now owns 446,709 shares of the computer hardware maker’s stock worth $80,211,000 after purchasing an additional 406,658 shares during the period. OppenheimerFunds Inc. increased its holdings in shares of NVIDIA by 96.7% during the first quarter. OppenheimerFunds Inc. now owns 653,475 shares of the computer hardware maker’s stock worth $117,338,000 after purchasing an additional 321,193 shares during the period. Finally, Bridgecreek Investment Management LLC increased its holdings in shares of NVIDIA by 7.5% during the first quarter. Bridgecreek Investment Management LLC now owns 39,565 shares of the computer hardware maker’s stock worth $7,104,000 after purchasing an additional 2,765 shares during the period. Hedge funds and other institutional investors own 67.56% of the company’s stock.
In other NVIDIA news, CFO Colette Kress sold 14,092 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $183.33, for a total value of $2,583,486.36. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Debora Shoquist sold 5,823 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $185.00, for a total transaction of $1,077,255.00. Following the completion of the sale, the executive vice president now owns 171,783 shares in the company, valued at approximately $31,779,855. The disclosure for this sale can be found here. Company insiders own 4.64% of the company’s stock.
NVIDIA (NASDAQ:NVDA) last issued its earnings results on Thursday, May 16th. The computer hardware maker reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.07. NVIDIA had a net margin of 30.68% and a return on equity of 31.27%. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same quarter last year, the business posted $2.05 earnings per share. The company’s quarterly revenue was down 30.8% on a year-over-year basis. As a group, equities analysts predict that NVIDIA Co. will post 4.19 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, May 31st will be given a $0.16 dividend. The ex-dividend date is Thursday, May 30th. This represents a $0.64 dividend on an annualized basis and a yield of 0.43%. NVIDIA’s dividend payout ratio is currently 10.54%.
Several research analysts have recently commented on the stock. TheStreet raised shares of NVIDIA from a “c+” rating to a “b-” rating in a report on Thursday, April 4th. BidaskClub raised shares of NVIDIA from a “buy” rating to a “strong-buy” rating in a report on Friday, April 5th. DZ Bank cut shares of NVIDIA to a “sell” rating and set a $170.00 target price on the stock. in a report on Friday, April 12th. Nomura assumed coverage on shares of NVIDIA in a report on Tuesday, April 2nd. They set a “neutral” rating and a $147.00 target price on the stock. Finally, Zacks Investment Research raised shares of NVIDIA from a “strong sell” rating to a “hold” rating in a report 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 assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $198.38.
NVIDIA Company Profile
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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