WNY Asset Management LLC Lowers Position in NVIDIA Co. (NASDAQ:NVDA)



WNY Asset Management LLC lowered its holdings in NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 25.3% during the 1st quarter, HoldingsChannel.com reports. The fund owned 2,128 shares of the computer hardware maker’s stock after selling 719 shares during the quarter. WNY Asset Management LLC’s holdings in NVIDIA were worth $579,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in NVDA. Tudor Investment Corp Et Al raised its holdings in shares of NVIDIA by 300.0% in the 3rd quarter. Tudor Investment Corp. Et Al now owns 19,276 shares of the computer hardware maker’s stock valued at $3,993,000 after acquiring an additional 14,457 shares in the last quarter. ArrowMark Colorado Holdings LLC raised its holdings in shares of NVIDIA by 294.4% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 22,128 shares of the computer hardware maker’s stock valued at $4,584,000 after buying an additional 16,518 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of NVIDIA by 233.3% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 17,660 shares of the computer hardware maker’s stock valued at $3,658,000 after buying an additional 12,362 shares in the last quarter. First Mercantile Trust Co. its raised holdings in shares of NVIDIA by 225.9% during the 3rd quarter. First Mercantile Trust Co. Now owns 12,710 shares of the computer hardware maker’s stock valued at $2,633,000 after buying an additional 8,810 shares in the last quarter. Finally, Segall Bryant & Hamill LLC raised its holdings in shares of NVIDIA by 278.0% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 10,551 shares of the computer hardware maker’s stock valued at $2,188,000 after buying an additional 7,760 shares in the last quarter. 55.19% of the stock is currently owned by hedge funds and other institutional investors.

NVDA has been the topic of a number of research reports. Atlantic Securities decreased their objective price on NVIDIA to $205.00 in a report on Thursday, May 26th. New Street Research raised NVIDIA from a “neutral” rating to a “buy” rating and set a $280.00 objective price on the stock in a report on Wednesday, April 13th. Citigroup decreased their price target on NVIDIA from $350.00 to $315.00 and set a “buy” rating on the stock in a research note on Thursday, May 26th. Credit Suisse Group decreased their price target on NVIDIA to $205.00 in a research note on Thursday, May 26th. Finally, Piper Sandler decreased their price target on NVIDIA from $350.00 to $250.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 25th. Seven analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and an average target price of $266.41.

NVIDIA stock opened at $151.59 on Friday. NVIDIA Co. has a 12 month low of $148.62 and a 12 month high of $346.47. The business’s fifty day simple moving average is $176.12 and its two-hundred day simple moving average is $227.00. 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 company has a market capitalization of $378.98 billion, a price-to-earnings ratio of 40.64, a price-to-earnings-growth ratio of 2.30 and a beta of 1.59.

NVIDIA (NASDAQ:NVDA – Get Rating) last posted its quarterly earnings results on Wednesday, May 25th. The computer hardware maker reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.07. NVIDIA had a return on equity of 43.81% and a net margin of 32.02%. The firm had revenue of $8.29 billion during the quarter, compared to analysts’ expectations of $8.09 billion. During the same quarter in the previous year, the business earned $0.78 earnings per share. The company’s revenue was up 46.4% on a year-over-year basis. On average, equities research analysts predict 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 paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.11%. The ex-dividend date is Wednesday, June 8th. NVIDIA’s dividend payout ratio is currently 4.29%.

In related news, Director John Dabiri sold 2,200 shares of the company’s stock in a transaction on Friday, May 27th. The stock was 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 in the company, valued at $503,320.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 113,850 shares of the company’s stock in a transaction on Monday, June 13th. The shares were sold at an average price of $158.03, for a total value of $17,991,715.50. Following the sale, the director now 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. Insiders sold 139,694 shares of company stock valued at $22,850,524 in the last 90 days. Company insiders own 4.04% of the company’s stock.

NVIDIA 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.

See Also

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)



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