NVIDIA Co. (NASDAQ:NVDA) shares purchased by Cerro Pacific Wealth Advisors LLC
Cerro Pacific Wealth Advisors LLC increased its stake in NVIDIA Co. (NASDAQ: NVDA – Get Rating) stock by 0.7% during Q1, according to its latest SEC filing. The company held 12,447 shares of the hardware maker after buying 83 additional shares during the period. NVIDIA represents about 2.1% of Cerro Pacific Wealth Advisors LLC’s portfolio, making the stock its 11th largest holding. Cerro Pacific Wealth Advisors LLC’s holdings in NVIDIA were worth $3,396,000 when it last filed with the SEC.
Several other hedge funds have also recently bought and sold NVDA shares. Disciplined Investments LLC purchased a new stake in NVIDIA stock during Q4 for approximately $25,000. Rather & Kittrell Inc. purchased a new stake in NVIDIA stock during Q4 for approximately $26,000. Advanced Research Investment Solutions LLC purchased a new stake in NVIDIA stock during Q4 for a value of approximately $29,000. Claremont Financial Group Inc. purchased a new stake in NVIDIA stock during Q4 for a value of approximately $29,000. Finally, IFS Advisors LLC purchased a new equity stake in NVIDIA during Q4 for approximately $37,000. 55.19% of the shares are currently held by institutional investors and hedge funds.
Separately, director Mark A. Stevens sold 113,850 NVIDIA shares in a trade on Monday, June 13. The shares were sold at an average price of $158.03, for a total transaction of $17,991,715.50. Following the completion of the sale, the director now directly owns 2,596,493 shares of the company, valued at approximately $410,323,788.79. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. Additionally, director John Dabiri sold 2,200 NVIDIA shares in a trade on Friday, May 27. The stock was sold at an average price of $185.59, for a total transaction of $408,298.00. Following the sale, the director now directly owns 2,712 shares of the company, valued at $503,320.08. The disclosure of this sale can be found here. Insiders sold a total of 139,694 shares of the company worth $22,850,524 over the past three months. 4.04% of the shares are currently held by company insiders.
Several equity research analysts have recently published NVDA stock reports. Mizuho lowered its price target on NVIDIA shares from $345.00 to $290.00 and set a “buy” rating on the stock in a Thursday, May 26 research note. Benchmark reaffirmed a “buy” rating and posted a price target of $228.00 (vs. $365.00) on NVIDIA shares in a Thursday, May 26 research note. Sanford C. Bernstein cut its price target on NVIDIA stock from $325.00 to $225.00 and gave the stock an “outperform” rating in a Monday, May 23 research note. Oppenheimer cut his price target on NVIDIA stock from $350.00 to $300.00 and set an “outperform” rating on the stock in a Thursday, May 19 research note. Finally, New Street Research upgraded NVIDIA shares from a “neutral” rating to a “buy” rating and set a price target of $280.00 on the stock in a Wednesday, April 13 research note. . Seven investment analysts gave the stock a hold rating, twenty-seven issued a buy rating and one gave the company a strong buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $270.97.
NVDA shares opened at $159.82 on Wednesday. The company has a quick ratio of 4.75, a current ratio of 5.32 and a leverage ratio of 0.42. NVIDIA Co. has a 52-week low of $153.28 and a 52-week high of $346.47. The stock has a market capitalization of $399.55 billion, a PE ratio of 42.85, a P/E/G ratio of 2.30 and a beta of 1.59. The company has a 50-day moving average of $178.31 and a two-hundred-day moving average of $228.41.
NVIDIA (NASDAQ:NVDA – Get Rating) last released its quarterly results on Wednesday, May 25. The hardware maker reported EPS of $1.36 for the quarter, beating the consensus estimate of $1.29 by $0.07. NVIDIA had a net margin of 32.02% and a return on equity of 43.81%. The company posted revenue of $8.29 billion in the quarter, compared to analysts’ expectations of $8.09 billion. In the same quarter last year, the company posted EPS of $0.78. The company’s revenue increased by 46.4% compared to the same quarter last year. Analysts expect NVIDIA Co. to post EPS of 4.54 for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 1. Shareholders of record on Thursday, June 9 will receive a dividend of $0.04. The ex-dividend date is Wednesday, June 8. This represents an annualized dividend of $0.16 and a yield of 0.10%. NVIDIA’s dividend payout ratio is currently 4.29%.
About NVIDIA (Get an assessment)
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 gaming 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.
Want to see what other hedge funds hold NVDA? Visit HoldingsChannel.com for the latest 13F filings and insider trading for NVIDIA Co. (NASDAQ:NVDA – Get Rating).
Get news and reviews for NVIDIA Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for NVIDIA and related companies with MarketBeat.com’s free daily email newsletter.