Crown Advisors Management Inc. cut its position in Nvidia (NASDAQ:NVDA) by 4.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,500 shares of the computer hardware maker’s stock after selling 1,500 shares during the quarter. Nvidia makes up 7.4% of Crown Advisors Management Inc.’s investment portfolio, making the stock its 2nd biggest holding. Crown Advisors Management Inc.’s holdings in Nvidia were worth $7,758,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Atria Investments LLC lifted its position in Nvidia by 18.3% during the 4th quarter. Atria Investments LLC now owns 14,249 shares of the computer hardware maker’s stock worth $2,757,000 after acquiring an additional 2,202 shares during the period. Pennsylvania Trust Co acquired a new stake in Nvidia during the 4th quarter worth approximately $230,000. First National Trust Co lifted its position in Nvidia by 44.9% during the 4th quarter. First National Trust Co now owns 11,093 shares of the computer hardware maker’s stock worth $2,146,000 after acquiring an additional 3,435 shares during the period. Spirit of America Management Corp NY lifted its position in Nvidia by 31.3% during the 4th quarter. Spirit of America Management Corp NY now owns 1,970 shares of the computer hardware maker’s stock worth $381,000 after acquiring an additional 470 shares during the period. Finally, Capital Investment Advisors LLC acquired a new stake in Nvidia during the 4th quarter worth approximately $204,000. 66.89% of the stock is owned by hedge funds and other institutional investors.
NASDAQ NVDA opened at $247.71 on Friday. Nvidia has a 1-year low of $242.51 and a 1-year high of $248.51. The company has a market capitalization of $149.06 billion, a P/E ratio of 53.04, a PEG ratio of 3.38 and a beta of 1.52. The company has a quick ratio of 7.82, a current ratio of 8.54 and a debt-to-equity ratio of 0.26.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Thursday, May 24th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.24%. The ex-dividend date is Wednesday, May 23rd. Nvidia’s payout ratio is 12.85%.
A number of analysts have weighed in on NVDA shares. Bank of America reaffirmed a “buy” rating and set a $275.00 price objective (up from $251.00) on shares of Nvidia in a research report on Friday, January 19th. Vetr cut Nvidia from a “hold” rating to a “sell” rating and set a $224.49 price objective for the company. in a research report on Monday, January 22nd. Zacks Investment Research raised Nvidia from a “hold” rating to a “buy” rating and set a $262.00 price objective for the company in a research report on Wednesday, January 24th. Goldman Sachs cut Nvidia from a “conviction-buy” rating to a “buy” rating and set a $281.00 price objective for the company. in a research report on Thursday, February 1st. Finally, BidaskClub cut Nvidia from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 5th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. Nvidia has an average rating of “Buy” and a consensus target price of $255.65.
In other Nvidia news, EVP Ajay K. Puri sold 38,676 shares of the firm’s stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $255.36, for a total transaction of $9,876,303.36. Following the completion of the transaction, the executive vice president now owns 508,962 shares of the company’s stock, valued at $129,968,536.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Persis Drell sold 5,141 shares of the firm’s stock in a transaction on Wednesday, March 28th. The stock was sold at an average price of $220.73, for a total value of $1,134,772.93. Following the transaction, the director now directly owns 20,963 shares of the company’s stock, valued at approximately $4,627,162.99. The disclosure for this sale can be found here. In the last three months, insiders have acquired 624 shares of company stock valued at $10,998 and have sold 75,969 shares valued at $18,708,706. Company insiders own 4.70% of the company’s stock.
NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.
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