Gofen & Glossberg LLC IL Has $15.76 Million Position in NVIDIA Co. (NASDAQ:NVDA)



Gofen & Glossberg LLC IL lessened its position in NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 0.2% during the first quarter, Holdings Channel reports. The institutional investor owned 57,739 shares of the computer hardware maker’s stock after selling 123 shares during the quarter. Gofen & Glossberg LLC IL’s holdings in NVIDIA were worth $15,755,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NVDA. Norges Bank acquired a new stake in NVIDIA in the 4th quarter valued at approximately $6,279,217,000. UBS Asset Management Americas Inc. its raised position in NVIDIA by 296.4% in the 3rd quarter. UBS Asset Management Americas Inc. Now owns 13,108,247 shares of the computer hardware maker’s stock valued at $2,715,504,000 after buying an additional 9,801,806 shares during the last quarter. BlackRock Inc. its raised position in NVIDIA by 2.1% in the 4th quarter. BlackRock Inc. Now owns 177,839,722 shares of the computer hardware maker’s stock valued at $52,304,441,000 after buying an additional 3,591,440 shares during the last quarter. National Pension Service raised its position in NVIDIA by 297.3% in the 3rd quarter. National Pension Service now owns 3,167,168 shares of the computer hardware maker’s stock valued at $656,111,000 after buying an additional 2,370,034 shares during the last quarter. Finally, TD Asset Management Inc. its raised position 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 valued at $1,719,657,000 after buying an additional 2,111,668 shares during the last quarter. 55.19% of the stock is currently owned by institutional investors and hedge funds.

In other NVIDIA news, Director Mark A. Stevens sold 113,850 shares of the company’s stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $158.03, for a total value of $17,991,715.50. Following the completion of the transaction, the director now owns 2,596,493 shares of the company’s stock, valued at approximately $410,323,788.79. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Debora Shoquist sold 23,644 shares of the company’s stock in a transaction dated Wednesday, June 8th. The stock was 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 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 a total of 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.

Shares of NASDAQ NVDA opened at $171.26 on Friday. The stock has a market capitalization of $428.15 billion, a PE 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 current ratio of 5.32 and a quick ratio of 4.75. The business has a fifty day moving average price of $180.53 and a two-hundred day moving average price of $230.36. NVIDIA Co. has a fifty-two week low of $153.28 and a fifty-two week high of $346.47.

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

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

A number of equities research analysts recently issued reports on the company. Susquehanna dropped their target price on NVIDIA from $280.00 to $260.00 in a research report on Thursday, May 26th. The Goldman Sachs Group began coverage on NVIDIA in a research note on Monday, March 7th. They issued a “neutral” rating and a $245.00 price target for the company. Cowen decreased their price target on NVIDIA from $350.00 to $265.00 in a research note on Thursday, May 26th. Tigress Financial raised their price target on NVIDIA from $400.00 to $410.00 and gave the company a “buy” rating in a research note on Tuesday, March 29th. Finally, New Street Research upgraded NVIDIA from a “neutral” rating to a “buy” rating and set a $280.00 price target for the company in a research note on Wednesday, April 13th. Seven analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $270.97.

NVIDIA Company Profile (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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)



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