MONECO Advisors LLC Has $1.84 Million Holdings in NVIDIA Co. (NASDAQ:NVDA)

MONECO Advisors LLC lifted its holdings in NVIDIA Co. (NASDAQ:NVDAGet Rating) by 3.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,759 shares of the computer hardware maker’s stock after acquiring an additional 252 shares during the period. MONECO Advisors LLC’s holdings in NVIDIA were worth $1,844,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of NVDA. Rather & Kittrell Inc. bought a new stake in NVIDIA during the fourth quarter worth about $26,000. Emerson Wealth LLC bought a new stake in NVIDIA during the first quarter worth about $27,000. Roble Belko & Company Inc lifted its position in NVIDIA by 550.0% during the first quarter. Roble Belko & Company Inc now owns 104 shares of the computer hardware maker’s stock worth $28,000 after purchasing an additional 88 shares during the period. Advanced Research Investment Solutions LLC bought a new stake in NVIDIA during the fourth quarter worth about $29,000. Finally, Claremont Financial Group Inc. bought a new stake in NVIDIA during the fourth quarter worth about $29,000. 55.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NVIDIA

In other news, Director John Dabiri sold 2,200 shares of the firm’s stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $185.59, for a total transaction of $408,298.00. Following the completion of the sale, the director now owns 2,712 shares of the company’s stock, valued at approximately $503,320.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, 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 owns 186,476 shares of the company’s stock, valued at approximately $35,100,377.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John Dabiri sold 2,200 shares of NVIDIA stock in a transaction on Friday, May 27th. The shares were sold at an average price of $185.59, for a total transaction of $408,298.00. Following the completion of the sale, the director now directly owns 2,712 shares of the company’s stock, valued at approximately $503,320.08. The disclosure for this sale can be found here. Insiders sold a total of 139,694 shares of company stock valued at $22,850,524 in the last quarter. 4.04% of the stock is currently owned by company insiders.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $189.89 on Friday. The company has a market capitalization of $474.73 billion, a PE ratio of 50.91, a P/E/G ratio of 2.95 and a beta of 1.65. The company has a 50 day simple moving average of $169.18 and a two-hundred day simple moving average of $205.64. The company has a debt-to-equity ratio of 0.42, a quick ratio of 4.75 and a current ratio of 5.32. NVIDIA Co. has a fifty-two week low of $140.55 and a fifty-two week high of $346.47.

NVIDIA (NASDAQ:NVDAGet Rating) last released its earnings results on Wednesday, May 25th. The computer hardware maker reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.09. The business had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.09 billion. NVIDIA had a net margin of 32.02% and a return on equity of 43.81%. The company’s revenue for the quarter was up 46.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.78 EPS. Research analysts anticipate that NVIDIA Co. will post 4.48 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Stockholders of record on Thursday, June 9th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.08%. The ex-dividend date of this dividend was Wednesday, June 8th. NVIDIA’s dividend payout ratio (DPR) is 4.29%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Wedbush dropped their target price on shares of NVIDIA from $300.00 to $190.00 and set a “neutral” rating for the company in a report on Thursday, May 19th. Needham & Company LLC dropped their target price on shares of NVIDIA to $185.00 in a report on Tuesday, July 5th. Bank of America dropped their target price on shares of NVIDIA from $270.00 to $220.00 and set a “buy” rating for the company in a report on Wednesday, June 29th. Robert W. Baird dropped their target price on shares of NVIDIA from $165.00 to $150.00 and set a “neutral” rating for the company in a report on Thursday, July 14th. Finally, UBS Group dropped their target price on shares of NVIDIA from $350.00 to $280.00 and set a “buy” rating for the company in a report on Monday, May 23rd. Seven analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $252.24.

About NVIDIA

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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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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