NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Woodstock Corp


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Woodstock Corp cut its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,190 shares of the computer hardware maker’s stock after selling 495 shares during the period. NVIDIA accounts for 2.0% of Woodstock Corp’s holdings, making the stock its 10th largest position. Woodstock Corp’s holdings in NVIDIA were worth $16,119,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Advisors Capital Management LLC increased its holdings in shares of NVIDIA by 1.1% during the fourth quarter. Advisors Capital Management LLC now owns 1,594 shares of the computer hardware maker’s stock worth $832,000 after purchasing an additional 18 shares during the period. Endurance Wealth Management Inc. increased its holdings in shares of NVIDIA by 1.0% during the fourth quarter. Endurance Wealth Management Inc. now owns 1,834 shares of the computer hardware maker’s stock worth $958,000 after purchasing an additional 19 shares during the period. Ausdal Financial Partners Inc. increased its holdings in shares of NVIDIA by 1.3% during the fourth quarter. Ausdal Financial Partners Inc. now owns 1,509 shares of the computer hardware maker’s stock worth $788,000 after purchasing an additional 19 shares during the period. Rockland Trust Co. increased its stake in NVIDIA by 1.4% in the fourth quarter. Rockland Trust Co. now owns 1,433 shares of the computer hardware maker’s stock valued at $748,000 after acquiring an additional 20 shares during the last quarter. Finally, SevenBridge Financial Group LLC increased its stake in NVIDIA by 0.6% in the fourth quarter. SevenBridge Financial Group LLC now owns 3,605 shares of the computer hardware maker’s stock valued at $1,883,000 after acquiring an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 65.70% of the company’s stock.

A number of research analysts recently issued reports on NVDA shares. Needham & Company LLC lifted their price objective on shares of NVIDIA from $700.00 to $800.00 and gave the company a “buy” rating in a research note on Wednesday, March 3rd. Cowen lifted their price objective on shares of NVIDIA from $600.00 to $665.00 and gave the company an “outperform” rating in a research note on Wednesday, March 3rd. Craig Hallum lifted their price objective on shares of NVIDIA from $520.00 to $550.00 and gave the company a “hold” rating in a research note on Thursday, February 25th. BMO Capital Markets lifted their price objective on shares of NVIDIA from $650.00 to $680.00 and gave the company an “outperform” rating in a research note on Monday, February 22nd. Finally, Cascend Securities lifted their price objective on shares of NVIDIA from $620.00 to $640.00 and gave the company a “buy” rating in a research note on Wednesday, March 3rd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and twenty-nine have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $593.56.

NVDA traded up $9.54 during trading on Thursday, reaching $575.28. 112,378 shares of the stock traded hands, compared to its average volume of 8,266,496. The company has a quick ratio of 3.52, a current ratio of 3.92 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $356.67 billion, a PE ratio of 92.59, a P/E/G ratio of 3.87 and a beta of 1.45. The stock’s 50-day moving average is $534.84 and its 200 day moving average is $535.31. NVIDIA Co. has a 12 month low of $257.00 and a 12 month high of $614.90.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Tuesday, February 23rd. The computer hardware maker reported $3.10 EPS for the quarter, beating the Zacks’ consensus estimate of $2.81 by $0.29. The business had revenue of $5 billion for the quarter, compared to analysts’ expectations of $4.83 billion. NVIDIA had a net margin of 25.89% and a return on equity of 32.61%. During the same quarter in the prior year, the firm posted $1.89 earnings per share. As a group, equities research analysts anticipate that NVIDIA Co. will post 7.65 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Wednesday, March 10th were given a dividend of $0.16 per share. The ex-dividend date was Tuesday, March 9th. This represents a $0.64 dividend on an annualized basis and a yield of 0.11%. NVIDIA’s dividend payout ratio (DPR) is currently 13.94%.

In other news, Director Mark L. Perry sold 6,104 shares of the stock in a transaction dated Monday, April 5th. The shares were sold at an average price of $556.58, for a total transaction of $3,397,364.32. Following the transaction, the director now owns 8,031 shares of the company’s stock, valued at approximately $4,469,893.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.47% of the company’s stock.

About NVIDIA

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 gaming; 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 EGX for accelerated AI computing at the edge.

Further Reading: Understanding each part of a balance sheet

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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