Perpetual Ltd lowered its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 15.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,915 shares of the computer hardware maker’s stock after selling 900 shares during the quarter. Perpetual Ltd’s holdings in NVIDIA were worth $883,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc increased its position in NVIDIA by 4.0% during the 3rd quarter. Vanguard Group Inc now owns 44,464,641 shares of the computer hardware maker’s stock valued at $12,495,455,000 after purchasing an additional 1,693,736 shares during the period. BlackRock Inc. boosted its holdings in shares of NVIDIA by 1.0% in the 4th quarter. BlackRock Inc. now owns 39,307,194 shares of the computer hardware maker’s stock valued at $5,247,509,000 after buying an additional 378,149 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of NVIDIA by 8,687.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 21,509,787 shares of the computer hardware maker’s stock valued at $161,000 after buying an additional 21,265,009 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of NVIDIA by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 8,129,007 shares of the computer hardware maker’s stock valued at $1,083,400,000 after buying an additional 266,779 shares in the last quarter. Finally, Baillie Gifford & Co. boosted its holdings in shares of NVIDIA by 16.0% in the 1st quarter. Baillie Gifford & Co. now owns 7,647,342 shares of the computer hardware maker’s stock valued at $1,373,156,000 after buying an additional 1,052,689 shares in the last quarter. Institutional investors and hedge funds own 67.56% of the company’s stock.
Shares of NVDA stock traded up $2.32 on Tuesday, hitting $150.75. 9,260,211 shares of the stock traded hands, compared to its average volume of 14,457,457. The company has a current ratio of 8.98, a quick ratio of 7.78 and a debt-to-equity ratio of 0.25. The stock has a market cap of $88.61 billion, a price-to-earnings ratio of 24.84, a PEG ratio of 3.70 and a beta of 2.03. NVIDIA Co. has a twelve month low of $124.46 and a twelve month high of $292.76.
NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, May 16th. The computer hardware maker reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.07. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.20 billion. NVIDIA had a net margin of 30.68% and a return on equity of 31.27%. NVIDIA’s revenue was down 30.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.05 EPS. As a group, equities research analysts predict that NVIDIA Co. will post 4.19 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, May 31st will be issued a $0.16 dividend. The ex-dividend date is Thursday, May 30th. This represents a $0.64 annualized dividend and a yield of 0.42%. NVIDIA’s dividend payout ratio (DPR) is currently 10.54%.
In related news, CFO Colette Kress sold 14,092 shares of the company’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Debora Shoquist sold 5,823 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $185.00, for a total transaction of $1,077,255.00. Following the sale, the executive vice president now owns 171,783 shares in the company, valued at $31,779,855. 4.64% of the stock is owned by corporate insiders.
A number of research firms have recently weighed in on NVDA. Stifel Nicolaus lowered their price target on shares of NVIDIA from $150.00 to $145.00 and set a “hold” rating on the stock in a report on Tuesday, May 14th. Sanford C. Bernstein cut shares of NVIDIA from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $250.00 to $175.00 in a research note on Monday, February 11th. Morgan Stanley lifted their target price on shares of NVIDIA from $148.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Monday, May 13th. Royal Bank of Canada lifted their target price on shares of NVIDIA to $200.00 and gave the stock an “outperform” rating in a research note on Monday, May 13th. Finally, BidaskClub cut shares of NVIDIA from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $198.38.
NVIDIA Profile
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.