NVIDIA Co. (NASDAQ:NVDA) Holding reduced by RWQ Financial Management Services Inc.


RWQ Financial Management Services Inc. reduced its stake in NVIDIA Co. (NASDAQ: NVDAGet a rating) by 3.5% in the first quarter, according to its latest filing with the Securities and Exchange Commission (SEC). The company held 36,005 shares of the hardware maker after selling 1,306 shares during the period. NVIDIA represents 8.0% of RWQ Financial Management Services Inc.’s investment portfolio, making this stock its 6th largest position. RWQ Financial Management Services Inc.’s holdings in NVIDIA were worth $9,824,000 when it last filed with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently changed their positions in the company. Resonant Capital Advisors LLC increased its stake in NVIDIA shares by 6.9% during the first quarter. Resonant Capital Advisors LLC now owns 1,796 shares of the hardware maker valued at $480,000 after buying 116 additional shares during the period. GenTrust LLC increased its stake in NVIDIA stock by 16.4% during the first quarter. GenTrust LLC now owns 2,844 shares of the hardware maker valued at $776,000 after purchasing an additional 400 shares during the period. Relyea Zuckerberg Hanson LLC increased its stake in NVIDIA shares by 16.6% during the first quarter. Relyea Zuckerberg Hanson LLC now owns 2,124 shares of the hardware maker valued at $472,000 after buying 303 additional shares during the period. Secure Asset Management LLC increased its stake in NVIDIA shares by 6.3% during the first quarter. Secure Asset Management LLC now owns 12,304 shares of the hardware maker valued at $3,357,000 after purchasing an additional 731 shares during the period. Finally, South Shore Capital Advisors increased its stake in NVIDIA shares by 7.0% during the first quarter. South Shore Capital Advisors now owns 1,644 shares of the hardware maker valued at $449,000 after buying 107 additional shares during the period. 55.19% of the shares are currently held by institutional investors and hedge funds.

NVIDIA Stock opened at $145.23 on Monday. The stock has a market capitalization of $363.08 billion, a PE ratio of 38.94, a price-to-growth earnings ratio of 2.13 and a beta of 1.63. The company has a debt ratio of 0.42, a quick ratio of 4.75 and a current ratio of 5.32. NVIDIA Co. has a one-year low of $143.92 and a one-year high of $346.47. The stock has a fifty-day moving average of $175.12 and a 200-day moving average of $225.08.

NVIDIA (NASDAQ: NVDAGet a rating) last released its quarterly earnings data on Wednesday, May 25. The hardware maker reported EPS of $1.36 for the quarter, beating consensus analyst estimates of $1.29 by $0.07. The company posted revenue of $8.29 billion in the quarter, compared to analysts’ expectations of $8.09 billion. NVIDIA had a return on equity of 43.81% and a net margin of 32.02%. NVIDIA’s revenue for the quarter increased 46.4% compared to the same quarter last year. In the same quarter a year earlier, the company had earned earnings per share of $0.78. As a group, sell-side analysts expect NVIDIA Co. to post EPS of 4.54 for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 1. Investors of record on Thursday, June 9 received a dividend of $0.04 per share. This represents a dividend of $0.16 on an annualized basis and a yield of 0.11%. The ex-dividend date was Wednesday, June 8. NVIDIA’s dividend payout ratio (DPR) is currently 4.29%.

Several research companies have recently published reports on NVDA. Mizuho cut its price target on NVIDIA from $345.00 to $290.00 and set a “buy” rating on the stock in a Thursday, May 26 research note. Tigress Financial raised its price target on NVIDIA from $400.00 to $410.00 and gave the stock a “buy” rating in a Tuesday, March 29 research note. Susquehanna Bancshares cut its price target on NVIDIA from $280.00 to $260.00 and rated the stock “positive” in a Thursday, May 26 research note. Citigroup cut its price target on NVIDIA from $350.00 to $315.00 and set a “buy” rating on the stock in a Thursday, May 26 research note. Finally, JPMorgan Chase & Co. lowered its price target on NVIDIA from $350.00 to $285.00 in a Thursday, May 26 research note. Seven analysts gave the stock a hold rating, twenty-six gave the company a buy rating and one gave the company a strong buy rating. Based on MarketBeat data, NVIDIA currently has an average rating of “Moderate Buy” and a consensus price target of $266.41.

In other NVIDIA news, Director Mark A. Stevens sold 113,850 shares of the company in a trade dated Monday, June 13. The stock was sold at an average price of $158.03, for a total value of $17,991,715.50. Following the completion of the sale, the administrator now owns 2,596,493 shares of the company, valued at $410,323,788.79. The sale was disclosed in a document filed with the SEC, accessible via this link. Also, VPE Debora Shoquist sold 23,644 shares of the company in a transaction dated Wednesday, June 8. The stock was sold at an average price of $188.23, for a total value of $4,450,510.12. Following the completion of the sale, the executive vice president now owns 186,476 shares of the company, valued at approximately $35,100,377.48. Disclosure of this sale can be found here. During the last quarter, insiders sold 139,694 shares of the company valued at $22,850,524. 4.04% of the shares are held by insiders of the company.

NVIDIA Profile (Get a rating)

NVIDIA Corporation provides graphics, computing, and networking solutions in the United States, Taiwan, China, and around the world. The Company’s Graphics segment offers GeForce GPUs for games and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPU for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for creating 3D designs and virtual worlds.

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Institutional ownership by quarter for NVIDIA (NASDAQ:NVDA)



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