Fairhaven Wealth Management LLC Purchases 289 Shares of NVIDIA Co. (NASDAQ:NVDA)

Fairhaven Wealth Management LLC boosted its position in NVIDIA Co. (NASDAQ:NVDAFree Report) by 21.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,613 shares of the computer hardware maker’s stock after buying an additional 289 shares during the period. Fairhaven Wealth Management LLC’s holdings in NVIDIA were worth $799,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NVDA. Vanguard Group Inc. boosted its stake in NVIDIA by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 203,680,199 shares of the computer hardware maker’s stock valued at $88,598,850,000 after purchasing an additional 2,287,471 shares during the last quarter. Northern Trust Corp boosted its stake in NVIDIA by 3.6% during the 3rd quarter. Northern Trust Corp now owns 26,311,434 shares of the computer hardware maker’s stock valued at $11,445,211,000 after purchasing an additional 910,009 shares during the last quarter. International Assets Investment Management LLC boosted its stake in NVIDIA by 54,019.5% during the 4th quarter. International Assets Investment Management LLC now owns 16,866,869 shares of the computer hardware maker’s stock valued at $8,352,811,000 after purchasing an additional 16,835,703 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in NVIDIA by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,586,595 shares of the computer hardware maker’s stock valued at $6,728,354,000 after purchasing an additional 388,851 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in NVIDIA by 2.0% during the 3rd quarter. Wellington Management Group LLP now owns 10,544,759 shares of the computer hardware maker’s stock valued at $4,586,865,000 after purchasing an additional 209,085 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

NVIDIA Stock Down 0.5 %

Shares of NASDAQ:NVDA opened at $949.50 on Thursday. NVIDIA Co. has a 52-week low of $298.06 and a 52-week high of $974.00. The firm has a fifty day moving average of $886.29 and a 200 day moving average of $696.36. The firm has a market capitalization of $2.34 trillion, a PE ratio of 79.52, a price-to-earnings-growth ratio of 1.33 and a beta of 1.75. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its earnings results on Wednesday, May 22nd. The computer hardware maker reported $6.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.14 by $0.98. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company had revenue of $26.04 billion during the quarter, compared to analyst estimates of $24.59 billion. During the same period in the previous year, the business earned $0.88 earnings per share. The firm’s quarterly revenue was up 262.1% compared to the same quarter last year. As a group, research analysts anticipate that NVIDIA Co. will post 23.18 EPS for the current fiscal year.

NVIDIA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Tuesday, June 11th will be given a $0.10 dividend. This is a positive change from NVIDIA’s previous quarterly dividend of $0.04. This represents a $0.40 annualized dividend and a yield of 0.04%. NVIDIA’s payout ratio is 1.34%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on NVDA shares. Wedbush reiterated an “outperform” rating and set a $1,000.00 price target on shares of NVIDIA in a research note on Thursday, May 16th. CICC Research started coverage on NVIDIA in a research note on Wednesday, March 6th. They issued an “outperform” rating and a $870.00 target price on the stock. Rosenblatt Securities restated a “buy” rating and issued a $1,400.00 target price on shares of NVIDIA in a research note on Monday. Bank of America boosted their target price on NVIDIA from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Finally, Needham & Company LLC boosted their target price on NVIDIA from $600.00 to $850.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Four analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,002.18.

Get Our Latest Research Report on NVIDIA

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 5,000 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the completion of the sale, the director now directly owns 1,119,583 shares in the company, valued at $896,494,891.42. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other NVIDIA news, Director Mark A. Stevens sold 5,000 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the completion of the sale, the director now directly owns 1,119,583 shares in the company, valued at $896,494,891.42. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the sale, the director now owns 1,124,583 shares of the company’s stock, valued at $896,933,663.31. The disclosure for this sale can be found here. Insiders sold a total of 61,278 shares of company stock worth $52,689,898 over the last three months. Company insiders own 4.23% of the company’s stock.

NVIDIA Profile

(Free Report)

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The 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; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.

See Also

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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