NVIDIA Co. (NASDAQ:NVDA) Shares Bought by ICICI Prudential Asset Management Co Ltd

ICICI Prudential Asset Management Co Ltd boosted its holdings in shares of NVIDIA Co. (NASDAQ:NVDAGet Rating) by 16.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,097 shares of the computer hardware maker’s stock after purchasing an additional 863 shares during the period. ICICI Prudential Asset Management Co Ltd’s holdings in NVIDIA were worth $1,688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rather & Kittrell Inc. acquired a new position in NVIDIA during the fourth quarter valued at $26,000. Emerson Wealth LLC acquired a new position in shares of NVIDIA in the first quarter worth about $27,000. Roble Belko & Company Inc raised its position in shares of NVIDIA by 550.0% in the first quarter. Roble Belko & Company Inc now owns 104 shares of the computer hardware maker’s stock worth $28,000 after acquiring an additional 88 shares during the period. Advanced Research Investment Solutions LLC acquired a new position in shares of NVIDIA in the fourth quarter worth about $29,000. Finally, Claremont Financial Group Inc. acquired a new position in shares of NVIDIA in the fourth quarter worth about $29,000. 55.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on NVDA shares. Cowen decreased their price objective on shares of NVIDIA from $350.00 to $265.00 and set an “outperform” rating for the company in a research report on Thursday, May 26th. UBS Group decreased their price objective on shares of NVIDIA from $350.00 to $280.00 and set a “buy” rating for the company in a research report on Monday, May 23rd. Benchmark reiterated a “buy” rating and issued a $228.00 price objective (down previously from $365.00) on shares of NVIDIA in a research report on Thursday, May 26th. Credit Suisse Group reduced their price target on shares of NVIDIA to $205.00 in a research report on Thursday, May 26th. Finally, Piper Sandler reduced their price target on shares of NVIDIA from $250.00 to $235.00 and set an “overweight” rating for the company in a research report on Monday, July 11th. Seven analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $252.24.

Insider Buying and Selling

In related news, EVP Debora Shoquist sold 23,644 shares of the stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $188.23, for a total transaction of $4,450,510.12. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other NVIDIA news, EVP Debora Shoquist sold 23,644 shares of the stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $188.23, for a total transaction of $4,450,510.12. Following the sale, the executive vice president now directly owns 186,476 shares in the company, valued at approximately $35,100,377.48. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Mark A. Stevens sold 113,850 shares of the stock in a transaction that occurred on Monday, June 13th. The stock was sold at an average price of $158.03, for a total transaction of $17,991,715.50. Following the sale, the director now owns 2,596,493 shares in the company, valued at $410,323,788.79. The disclosure for this sale can be found here. In the last quarter, insiders sold 139,694 shares of company stock valued at $22,850,524. Company insiders own 4.04% of the company’s stock.

NVIDIA Stock Performance

NVIDIA stock opened at $189.89 on Friday. 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 stock has a market cap of $474.73 billion, a price-to-earnings ratio of 50.91, a price-to-earnings-growth ratio of 2.95 and a beta of 1.65. The firm has a 50 day simple moving average of $169.18 and a 200-day simple moving average of $205.64. NVIDIA Co. has a 1-year low of $140.55 and a 1-year high of $346.47.

NVIDIA (NASDAQ:NVDAGet Rating) last posted its quarterly earnings data on Wednesday, May 25th. The computer hardware maker reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.09. The firm had revenue of $8.29 billion during the quarter, compared to analysts’ expectations of $8.09 billion. NVIDIA had a net margin of 32.02% and a return on equity of 43.81%. The firm’s quarterly revenue was up 46.4% on a year-over-year basis. During the same quarter last year, the company posted $0.78 EPS. On average, analysts expect that NVIDIA Co. will post 4.48 EPS for the current year.

NVIDIA Announces Dividend

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

About NVIDIA

(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.

Read More

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.