Shufro Rose & Co. LLC Has $497,000 Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Shufro Rose & Co. LLC raised its stake in NVIDIA Co. (NASDAQ:NVDAGet Rating) by 38.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,820 shares of the computer hardware maker’s stock after acquiring an additional 508 shares during the period. Shufro Rose & Co. LLC’s holdings in NVIDIA were worth $497,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NVDA. Norges Bank acquired a new position in shares of NVIDIA during the 4th quarter worth $6,279,217,000. BlackRock Inc. increased its holdings in NVIDIA by 2.1% in the 4th quarter. BlackRock Inc. now owns 177,839,722 shares of the computer hardware maker’s stock worth $52,304,441,000 after purchasing an additional 3,591,440 shares in the last quarter. Brown Advisory Inc. increased its holdings in NVIDIA by 94.4% in the 1st quarter. Brown Advisory Inc. now owns 4,557,600 shares of the computer hardware maker’s stock worth $1,244,858,000 after purchasing an additional 2,213,090 shares in the last quarter. Fisher Asset Management LLC increased its holdings in NVIDIA by 43.3% in the 1st quarter. Fisher Asset Management LLC now owns 7,328,372 shares of the computer hardware maker’s stock worth $1,999,620,000 after purchasing an additional 2,212,941 shares in the last quarter. Finally, TD Asset Management Inc. increased its holdings in NVIDIA by 56.5% in the 4th quarter. TD Asset Management Inc. now owns 5,846,984 shares of the computer hardware maker’s stock worth $1,719,657,000 after purchasing an additional 2,111,668 shares in the last quarter. 55.19% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NVIDIA

In related news, EVP Debora Shoquist sold 23,644 shares of the stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $188.23, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other NVIDIA news, Director Mark A. Stevens sold 113,850 shares of the stock in a transaction 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 completion of the transaction, the director now directly owns 2,596,493 shares of the company’s stock, valued at $410,323,788.79. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Debora Shoquist sold 23,644 shares of the 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 transaction, 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. Over the last three months, insiders sold 139,694 shares of company stock valued at $22,850,524. 4.04% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on NVDA shares. New Street Research raised NVIDIA from a “neutral” rating to a “buy” rating and set a $280.00 target price for the company in a report on Wednesday, April 13th. KeyCorp reduced their price target on NVIDIA from $250.00 to $230.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 12th. Cowen reduced their price target on NVIDIA from $350.00 to $265.00 in a research report on Thursday, May 26th. Piper Sandler reduced their price target on NVIDIA from $250.00 to $235.00 and set an “overweight” rating on the stock in a research report on Monday, July 11th. Finally, Wedbush reduced their price target on NVIDIA from $300.00 to $190.00 and set a “neutral” rating on the stock in a research report on Thursday, May 19th. Seven analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $252.24.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $189.89 on Friday. The company has a market cap of $474.73 billion, a PE ratio of 50.91, a price-to-earnings-growth ratio of 2.95 and a beta of 1.65. NVIDIA Co. has a 52 week low of $140.55 and a 52 week high of $346.47. The business has a 50 day moving average price of $169.18 and a 200-day moving average price of $205.64. The company has a quick ratio of 4.75, a current ratio of 5.32 and a debt-to-equity ratio of 0.42.

NVIDIA (NASDAQ:NVDAGet Rating) last issued its quarterly earnings results on Wednesday, May 25th. The computer hardware maker reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.09. The company 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 period last year, the business posted $0.78 earnings per share. Equities analysts anticipate that NVIDIA Co. will post 4.48 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently declared 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. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.08%. The ex-dividend date was Wednesday, June 8th. NVIDIA’s payout ratio is 4.29%.

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.

See Also

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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