Adell Harriman & Carpenter Inc. boosted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 6.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,135 shares of the computer hardware maker’s stock after buying an additional 961 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in NVIDIA were worth $2,897,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TD Capital Management LLC acquired a new position in NVIDIA during the fourth quarter worth approximately $27,000. Capital Financial Planning LLC acquired a new position in NVIDIA during the fourth quarter worth approximately $28,000. Clarfeld Financial Advisors LLC acquired a new position in NVIDIA during the fourth quarter worth approximately $29,000. Harvest Group Wealth Management LLC acquired a new position in NVIDIA during the first quarter worth approximately $30,000. Finally, Truvestments Capital LLC acquired a new position in NVIDIA during the first quarter worth approximately $33,000. 69.13% of the stock is currently owned by institutional investors.
NVIDIA stock opened at $147.32 on Friday. The company has a current ratio of 8.98, a quick ratio of 7.78 and a debt-to-equity ratio of 0.25. NVIDIA Co. has a 1-year low of $124.46 and a 1-year high of $292.76. The company has a market capitalization of $89.72 billion, a P/E ratio of 24.27, a price-to-earnings-growth ratio of 3.93 and a beta of 1.85.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, May 31st will be paid a $0.16 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.43%. NVIDIA’s dividend payout ratio (DPR) is presently 10.54%.
NVDA has been the topic of several research analyst reports. TheStreet raised NVIDIA from a “c+” rating to a “b-” rating in a report on Thursday, April 4th. BidaskClub raised NVIDIA from a “buy” rating to a “strong-buy” rating in a report on Friday, April 5th. DZ Bank lowered NVIDIA to a “sell” rating and set a $170.00 target price on the stock. in a report on Friday, April 12th. Nomura initiated coverage on NVIDIA in a report on Tuesday, April 2nd. They issued a “neutral” rating and a $147.00 target price on the stock. Finally, Zacks Investment Research raised NVIDIA from a “strong sell” rating to a “hold” rating in a report on Monday, April 1st. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $198.93.
In other NVIDIA news, EVP Debora Shoquist sold 5,823 shares of the business’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $185.00, for a total transaction of $1,077,255.00. Following the sale, the executive vice president now directly owns 171,783 shares in the company, valued at $31,779,855. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Colette Kress sold 14,092 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was 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. Over the last 90 days, insiders sold 20,029 shares of company stock worth $3,678,385. Company insiders own 4.64% of the company’s stock.
NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.
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