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

ICICI Prudential Asset Management Co Ltd grew its position in NVIDIA Co. (NASDAQ:NVDAGet Rating) by 16.5% during the first quarter, Holdings Channel.com reports. The firm owned 6,097 shares of the computer hardware maker’s stock after acquiring 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 SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rather & Kittrell Inc. purchased a new position in shares of NVIDIA in the 4th quarter valued at $26,000. Emerson Wealth LLC purchased a new position in shares of NVIDIA in the 1st quarter valued at $27,000. Roble Belko & Company Inc grew its position in shares of NVIDIA by 550.0% in the 1st quarter. Roble Belko & Company Inc now owns 104 shares of the computer hardware maker’s stock valued at $28,000 after buying an additional 88 shares during the last quarter. Advanced Research Investment Solutions LLC purchased a new position in shares of NVIDIA in the 4th quarter valued at $29,000. Finally, Claremont Financial Group Inc. purchased a new position in shares of NVIDIA in the 4th quarter valued at $29,000. 55.19% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NVIDIA news, Director Mark A. Stevens sold 113,850 shares of NVIDIA stock in a transaction dated Monday, June 13th. The shares were 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 owns 2,596,493 shares in the company, valued at $410,323,788.79. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP Debora Shoquist sold 23,644 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 186,476 shares of the company’s stock, valued at $35,100,377.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mark A. Stevens sold 113,850 shares of the business’s stock in a transaction that occurred on Monday, June 13th. The shares were 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 approximately $410,323,788.79. The disclosure for this sale can be found here. Over the last quarter, insiders sold 139,694 shares of company stock worth $22,850,524. Insiders own 4.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NVDA. Cowen dropped their target price on shares of NVIDIA from $350.00 to $265.00 and set an “outperform” rating on the stock in a research report on Thursday, May 26th. Piper Sandler lowered their price objective on shares of NVIDIA from $250.00 to $235.00 and set an “overweight” rating on the stock in a research report on Monday, July 11th. UBS Group lowered their price objective on shares of NVIDIA from $350.00 to $280.00 and set a “buy” rating on the stock in a research report on Monday, May 23rd. Sanford C. Bernstein lowered their price objective on shares of NVIDIA from $325.00 to $225.00 and set an “outperform” rating on the stock in a research report on Monday, May 23rd. Finally, Tigress Financial reissued a “buy” rating and set a $310.00 price objective (down from $410.00) on shares of NVIDIA in a research report on Friday, July 8th. They noted that the move was a valuation call. 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $252.24.

NVIDIA Stock Performance

Shares of NVDA opened at $189.89 on Friday. The company has a current ratio of 5.32, a quick ratio of 4.75 and a debt-to-equity ratio of 0.42. The stock has a market cap of $474.73 billion, a P/E ratio of 50.91, a PEG ratio of 2.95 and a beta of 1.65. The company has a 50-day moving average of $169.18 and a two-hundred day moving average of $205.64. NVIDIA Co. has a 12-month low of $140.55 and a 12-month high of $346.47.

NVIDIA (NASDAQ:NVDAGet Rating) last announced its earnings results on Wednesday, May 25th. The computer hardware maker reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.09. The company 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.78 earnings per share. As a group, research analysts predict that NVIDIA Co. will post 4.48 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 1st. Shareholders 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 yield of 0.08%. The ex-dividend date was Wednesday, June 8th. NVIDIA’s payout ratio is currently 4.29%.

NVIDIA Company Profile

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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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