Sky Investment Group LLC Raises Holdings in NVIDIA Co. (NVDA)

Sky Investment Group LLC raised its position in NVIDIA Co. (NASDAQ:NVDA) by 0.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,160 shares of the computer hardware maker’s stock after buying an additional 67 shares during the quarter. Sky Investment Group LLC’s holdings in NVIDIA were worth $1,286,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc lifted its stake in NVIDIA by 4.0% in the third quarter. Vanguard Group Inc now owns 44,464,641 shares of the computer hardware maker’s stock valued at $12,495,455,000 after buying an additional 1,693,736 shares during the last quarter. BlackRock Inc. lifted its stake in NVIDIA by 1.0% in the fourth quarter. BlackRock Inc. now owns 39,307,194 shares of the computer hardware maker’s stock valued at $5,247,509,000 after buying an additional 378,149 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of NVIDIA by 8,687.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,509,787 shares of the computer hardware maker’s stock worth $161,000 after purchasing an additional 21,265,009 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of NVIDIA by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 8,129,007 shares of the computer hardware maker’s stock worth $1,083,400,000 after purchasing an additional 266,779 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of NVIDIA by 2.7% during the fourth quarter. Northern Trust Corp now owns 6,858,442 shares of the computer hardware maker’s stock worth $915,601,000 after purchasing an additional 181,259 shares during the last quarter. Institutional investors own 69.81% of the company’s stock.

Shares of NVDA stock opened at $186.30 on Friday. The company has a current ratio of 7.94, a quick ratio of 6.76 and a debt-to-equity ratio of 0.21. The firm has a market cap of $113.36 billion, a P/E ratio of 30.69, a price-to-earnings-growth ratio of 4.50 and a beta of 1.90. NVIDIA Co. has a 1-year low of $124.46 and a 1-year high of $292.76.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Thursday, February 14th. The computer hardware maker reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.27. The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.22 billion. NVIDIA had a return on equity of 41.78% and a net margin of 35.35%. NVIDIA’s revenue was down 24.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.72 earnings per share. Equities analysts predict that NVIDIA Co. will post 4.46 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 1st were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.34%. The ex-dividend date was Thursday, February 28th. NVIDIA’s dividend payout ratio (DPR) is 10.54%.

Several equities research analysts have recently commented on NVDA shares. Zacks Investment Research upgraded NVIDIA from a “strong sell” rating to a “hold” rating in a research note on Monday, April 1st. ValuEngine upgraded NVIDIA from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. Oppenheimer restated an “outperform” rating and set a $250.00 price target on shares of NVIDIA in a research note on Wednesday, January 9th. TheStreet upgraded NVIDIA from a “c+” rating to a “b-” rating in a research note on Thursday, April 4th. Finally, UBS Group upped their price target on NVIDIA to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty-six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $204.46.

In other NVIDIA news, EVP Debora Shoquist sold 5,823 shares of the company’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $185.00, for a total value of $1,077,255.00. Following the sale, the executive vice president now owns 171,783 shares of the company’s stock, valued at $31,779,855. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Colette Kress sold 14,092 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $183.33, for a total value of $2,583,486.36. The disclosure for this sale can be found here. Insiders sold 20,029 shares of company stock worth $3,678,385 in the last three months. 4.64% of the stock is owned by corporate insiders.

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NVIDIA Profile

NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for artificial intelligence (AI) utilizing deep learning, accelerated computing, and general purpose computing; GRID, which provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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