Copperwynd Financial LLC trimmed its holdings in shares of NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 49.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 10,938 shares of the computer hardware maker’s stock after selling 10,595 shares during the period. NVIDIA makes up about 1.2% of Copperwynd Financial LLC’s investment portfolio, making the stock its 18th biggest position. Copperwynd Financial LLC’s holdings in NVIDIA were worth $2,985,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Disciplined Investments LLC bought a new position in shares of NVIDIA during the 4th quarter worth about $25,000. Rather & Kittrell Inc. bought a new position in shares of NVIDIA during the 4th quarter worth about $26,000. Advanced Research Investment Solutions LLC bought a new position in shares of NVIDIA during the 4th quarter worth about $29,000. Claremont Financial Group Inc. bought a new position in shares of NVIDIA during the 4th quarter worth about $29,000. Finally, IFS Advisors LLC bought a new position in shares of NVIDIA during the 4th quarter worth about $37,000. 55.19% of the stock is owned by institutional investors.
NVIDIA stock opened at $145.23 on Tuesday. The company’s 50 day simple moving average is $174.04 and its 200 day simple moving average is $224.15. NVIDIA Co. has a fifty-two week low of $143.92 and a fifty-two week high of $346.47. The firm has a market capitalization of $363.08 billion, a price-to-earnings ratio of 38.94, a PEG ratio of 2.13 and a beta of 1.64. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.32 and a quick ratio of 4.75.
NVIDIA (NASDAQ:NVDA – Get Rating) last released its quarterly earnings data 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 net margin of 32.02% and a return on equity of 43.81%. The business had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.09 billion. During the same quarter last year, the firm earned $0.78 EPS. NVIDIA’s quarterly revenue was up 46.4% compared to the same quarter last year. As a group, analysts predict that NVIDIA Co. will post 4.54 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Investors of record on Thursday, June 9th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.11%. The ex-dividend date of this dividend was Wednesday, June 8th. NVIDIA’s payout ratio is 4.29%.
In other NVIDIA news, Director Mark A. Stevens sold 113,850 shares of NVIDIA stock in a transaction that occurred 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 transaction, the director now owns 2,596,493 shares of the company’s stock, valued at $410,323,788.79. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Debora Shoquist sold 23,644 shares of NVIDIA 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 completion of the transaction, the executive vice president now directly owns 186,476 shares in the company, valued at approximately $35,100,377.48. The disclosure for this sale can be found here. Insiders have sold a total of 139,694 shares of company stock worth $22,850,524 in the last three months. 4.04% of the stock is owned by insiders.
A number of equities analysts have recently commented on the stock. Mizuho reduced their objective price on shares of NVIDIA from $345.00 to $290.00 and set a “buy” rating for the company in a 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 target price for the company in a research report on Wednesday, April 13th. StockNews.com started coverage on shares of NVIDIA in a research report on Thursday, March 31st. They set a “hold” rating for the company. Needham & Company LLC dropped their target price on shares of NVIDIA from $400.00 to $240.00 and set a “buy” rating for the company in a research report on Thursday, May 26th. Finally, Oppenheimer dropped their target price on shares of NVIDIA from $350.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, May 19th. Seven investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and a consensus target price of $266.41.
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.
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