Foundry Partners LLC Purchases 198 Shares of NVIDIA Co. (NASDAQ:NVDA)



Foundry Partners LLC boosted its position in NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 5.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,538 shares of the computer hardware maker shares’s stock after acquiring an additional 198 during the quarter. Foundry Partners LLC’s holdings in NVIDIA were worth $965,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fortune 45 LLC increased its stake in NVIDIA by 18.3% in the first quarter. Fortune 45 LLC now owns 1,471 shares of the computer hardware maker’s stock valued at $401,000 after acquiring an additional 228 shares during the last quarter. Sheets Smith Investment Management bought a new position in NVIDIA in the fourth quarter valued at $3,597,000. Meadow Creek Wealth Advisors LLC boosted its position in NVIDIA by 24.6% during the first quarter. Meadow Creek Wealth Advisors LLC now owns 4,141 shares of the computer hardware maker’s stock valued at $1,130,000 after buying an additional 818 shares during the period. Ascension Asset Management LLC boosted its position in NVIDIA by 300.0% during the third quarter. Ascension Asset Management LLC now owns 19,540 shares of the computer hardware maker’s stock valued at $4,048,000 after buying an additional 14,655 shares during the period. Finally, Mason & Associates Inc purchased a new stake in NVIDIA during the fourth quarter valued at about $711,000. 55.19% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have issued reports on NVDA shares. Mizuho cut their price target on shares of NVIDIA from $345.00 to $290.00 and set a “buy” rating for the company in a research report on Thursday, May 26th. New Street Research upgraded shares of NVIDIA from a “neutral” rating to a “buy” rating and set a $280.00 price target for the company in a research report on Wednesday, April 13th. Deutsche Bank Aktiengesellschaft cut their price target on shares of NVIDIA from $255.00 to $190.00 in a research report on Thursday, May 26th. Susquehanna Bancshares cut their price target on shares of NVIDIA from $280.00 to $260.00 and set a “positive” rating for the company in a research report on Thursday, May 26th. Finally, Trust Financial cut their price target on shares of NVIDIA to $283.00 in a research report on Thursday, May 26th. Seven investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $270.97.

Shares of NASDAQ NVDA opened at $171.26 on Friday. NVIDIA Co. has a fifty-two week low of $153.28 and a fifty-two week high of $346.47. The company has a 50 day simple moving average of $180.53 and a two-hundred day simple moving average of $230.36. The company has a market capitalization of $428.15 billion, a price-to-earnings ratio of 45.91, a P/E/G ratio of 2.18 and a beta of 1.59. The company has a debt-to-equity ratio of 0.42, a quick ratio of 4.75 and a current ratio of 5.32.

NVIDIA (NASDAQ:NVDA – Get Rating) last announced its earnings results on Wednesday, May 25th. The computer hardware maker reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.07. NVIDIA had a net margin of 32.02% and a return on equity of 43.81%. The business had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.09 billion. During the same quarter last year, the firm earned $0.78 earnings per share. The business’s revenue for the quarter was up 46.4% on a year-over-year basis. On average, analysts forecast that NVIDIA Co. will post 4.54 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Shareholders of record on Thursday, June 9th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date of this dividend is Wednesday, June 8th. NVIDIA’s dividend payout ratio is 4.29%.

In related news, Director John Dabiri sold 2,200 shares of the firm’s stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $185.59, for a total transaction of $408,298.00. Following the completion of the sale, the director now owns 2,712 shares of the company’s stock, valued at $503,320.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Debora Shoquist sold 23,644 shares of the firm’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 transaction of $4,450,510.12. Following the sale, the executive vice president now directly owns 186,476 shares of the company’s stock, valued at approximately $35,100,377.48. The disclosure for this sale can be found here. Insiders have sold 239,694 shares of company stock valued at $50,256,524 in the last three months. 4.04% of the stock is owned by insiders.

About NVIDIA (Get Rating)

NVIDIA Corporation provides graphics, 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 information systems; and Omniverse software for building 3D designs and virtual worlds.

Further Reading

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)



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