Private Advisor Group LLC Increases Position in NVIDIA Co. (NASDAQ:NVDA)

Private Advisor Group LLC lifted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 13.7% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 48,242 shares of the computer hardware maker’s stock after purchasing an additional 5,799 shares during the period. Private Advisor Group LLC’s holdings in NVIDIA were worth $8,683,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. TD Capital Management LLC purchased a new position in NVIDIA in the fourth quarter worth approximately $27,000. Swedbank lifted its stake in NVIDIA by 50.4% in the fourth quarter. Swedbank now owns 2,547,600 shares of the computer hardware maker’s stock worth $340,487,000 after acquiring an additional 854,050 shares during the last quarter. Norges Bank purchased a new position in NVIDIA in the fourth quarter worth approximately $737,230,000. Girard Partners LTD. lifted its stake in NVIDIA by 25.1% in the fourth quarter. Girard Partners LTD. now owns 2,300 shares of the computer hardware maker’s stock worth $307,000 after acquiring an additional 461 shares during the last quarter. Finally, ACG Wealth lifted its stake in NVIDIA by 5.5% in the first quarter. ACG Wealth now owns 30,488 shares of the computer hardware maker’s stock worth $5,474,000 after acquiring an additional 1,600 shares during the last quarter. Hedge funds and other institutional investors own 67.56% of the company’s stock.

In related news, EVP Debora Shoquist sold 5,823 shares of the company’s 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 completion of the sale, the executive vice president now owns 171,783 shares in the company, valued at approximately $31,779,855. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Colette Kress sold 14,092 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were 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. 4.64% of the stock is owned by corporate insiders.

A number of research analysts recently issued reports on the stock. TheStreet upgraded shares of NVIDIA from a “c+” rating to a “b-” rating in a research note on Thursday, April 4th. BidaskClub upgraded 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 issued a “neutral” rating and a $147.00 price target for the company. Finally, Zacks Investment Research upgraded 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 assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $198.38.

NVDA stock opened at $147.30 on Thursday. NVIDIA Co. has a 12 month low of $124.46 and a 12 month high of $292.76. The firm has a market capitalization of $91.81 billion, a P/E ratio of 24.27, a price-to-earnings-growth ratio of 3.83 and a beta of 2.03. The company has a quick ratio of 7.78, a current ratio of 8.98 and a debt-to-equity ratio of 0.25.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, May 16th. The computer hardware maker reported $0.88 EPS for the quarter, beating the 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 firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter in the prior year, the firm earned $2.05 EPS. NVIDIA’s revenue for the quarter was down 30.8% on a year-over-year basis. On average, equities research analysts forecast that NVIDIA Co. will post 4.19 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors 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 annualized dividend and a yield of 0.43%. NVIDIA’s dividend payout ratio (DPR) is 10.54%.

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About NVIDIA

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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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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