Icapital Wealth LLC Purchases Shares of 2,348 NVIDIA Co. (NASDAQ:NVDA)

Icapital Wealth LLC purchased a new stake in NVIDIA Co. (NASDAQ:NVDAGet Rating) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,348 shares of the computer hardware maker’s stock, valued at approximately $568,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Piscataqua Savings Bank increased its holdings in shares of NVIDIA by 14.3% in the 4th quarter. Piscataqua Savings Bank now owns 320 shares of the computer hardware maker’s stock valued at $94,000 after acquiring an additional 40 shares during the last quarter. Venture Visionary Partners LLC increased its holdings in shares of NVIDIA by 0.3% in the 4th quarter. Venture Visionary Partners LLC now owns 15,776 shares of the computer hardware maker’s stock valued at $4,639,000 after acquiring an additional 43 shares during the last quarter. Tranquility Partners LLC grew its stake in NVIDIA by 1.0% during the 4th quarter. Tranquility Partners LLC now owns 4,384 shares of the computer hardware maker’s stock worth $1,290,000 after buying an additional 44 shares during the last quarter. Bedel Financial Consulting Inc. grew its stake in NVIDIA by 2.3% during the 4th quarter. Bedel Financial Consulting Inc. now owns 1,976 shares of the computer hardware maker’s stock worth $581,000 after buying an additional 45 shares during the last quarter. Finally, Fusion Capital LLC grew its stake in NVIDIA by 2.7% during the 4th quarter. Fusion Capital LLC now owns 1,705 shares of the computer hardware maker’s stock worth $502,000 after buying an additional 45 shares during the last quarter. Institutional investors own 55.19% of the company’s stock.

NVDA has been the subject of several research analyst reports. Citigroup cut their price objective on NVIDIA from $350.00 to $315.00 and set a “buy” rating for the company in a report on Thursday, May 26th. Piper Sandler cut their price objective on NVIDIA from $350.00 to $250.00 and set an “overweight” rating for the company in a report on Wednesday, May 25th. Morgan Stanley reduced their target price on NVIDIA from $217.00 to $182.00 and set an “equal weight” rating for the company in a report on Thursday, May 26th. Oppenheimer reduced their target price on NVIDIA from $350.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, May 19th. Finally, Susquehanna Bancshares reduced their price objective on NVIDIA from $280.00 to $260.00 and set a “positive” rating for the company in a research note on Thursday, May 26th. Seven equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $270.97.

In related news, Director Tench Coxe sold 100,000 shares of the firm’s stock in a transaction on Monday, March 28th. The stock was sold at an average price of $274.06, for a total transaction of $27,406,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Debora Shoquist sold 23,644 shares of NVIDIA stock in a transaction on Wednesday, June 8th. The shares were sold at an average price of $188.23, for a total value of $4,450,510.12. Following the completion of the sale, the executive vice president now directly owns 186,476 shares of the company’s stock, valued at $35,100,377.48. The disclosure for this sale can be found here. Insiders have sold a total of 239,694 shares of company stock valued at $50,256,524 over the last ninety days. Insiders own 4.04% of the company’s stock.

NVIDIA stock opened at $163.60 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.32 and a quick ratio of 4.75. The company has a market capitalization of $409 billion, a PE ratio of 43.86, a price-to-earnings-growth ratio of 2.13 and a beta of 1.59. NVIDIA Co. has a one year low of $153.28 and a one year high of $346.47. The business has a 50 day simple moving average of $182.37 and a 200 day simple moving average of $232.99.

NVIDIA (NASDAQ:NVDAGet Rating) last posted its earnings results on Wednesday, May 25th. The computer hardware maker reported $1.36 EPS for the quarter, topping the consensus estimate of $1.29 by $0.07. The business had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.09 billion. NVIDIA had a return on equity of 43.81% and a net margin of 32.02%. NVIDIA’s revenue was up 46.4% on a year-over-year basis. During the same quarter last year, the company earned $0.78 EPS. Equities analysts anticipate that NVIDIA Co. will post 4.54 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Thursday, June 9th will be issued a dividend of $0.04 per share. The ex-dividend date is Wednesday, June 8th. This represents a $0.16 dividend on an annualized basis and a yield of 0.10%. NVIDIA’s dividend payout ratio is 4.29%.

NVIDIA Profile (Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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