100 Shares in NVIDIA Co. (NASDAQ:NVDA) Acquired by Emerson Wealth LLC

Emerson Wealth LLC acquired a new position in NVIDIA Co. (NASDAQ:NVDA – Get Rating) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 100 shares of the computer hardware maker’s stock, valued at approximately $27,000.

Other hedge funds also recently bought and sold shares of the company. Disciplined Investments LLC acquired a new stake in NVIDIA during the 4th quarter worth $25,000. Rather & Kittrell Inc. acquired a new stake in NVIDIA during the 4th quarter worth $26,000. Advanced Research Investment Solutions LLC acquired a new stake in NVIDIA during the 4th quarter worth $29,000. Claremont Financial Group Inc. acquired a new stake in NVIDIA during the 4th quarter worth $29,000. Finally, IFS Advisors LLC acquired a new stake in NVIDIA during the 4th quarter worth $37,000. Hedge funds and other institutional investors own 55.19% of the company’s stock.

A number of analysts have commented on the stock. Atlantic Securities lowered their target price on shares of NVIDIA to $205.00 in a report on Thursday, May 26th. Sanford C. Bernstein decreased their price target on shares of NVIDIA from $325.00 to $225.00 and set an “outperform” rating for the company in a report on Monday, May 23rd. Morgan Stanley decreased their price target on shares of NVIDIA from $217.00 to $182.00 and set an “equal weight” rating for the company in a report on Thursday, May 26th. Susquehanna decreased their price target on shares of NVIDIA from $280.00 to $260.00 in a report on Thursday, May 26th. Finally, Mizuho decreased their price target on shares of NVIDIA from $345.00 to $290.00 and set a “buy” rating for the company in a report on Thursday, May 26th. Seven investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $261.85.

Shares of NVDA stock opened at $158.38 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 4.75 and a current ratio of 5.32. The firm’s 50-day moving average is $171.29 and its 200-day moving average is $220.87. The stock has a market cap of $395.95 billion, a price-to-earnings ratio of 42.46, a PEG ratio of 2.41 and a beta of 1.64. NVIDIA Co. has a 52-week low of $140.55 and a 52-week high of $346.47.

NVIDIA (NASDAQ:NVDA – Get Rating) last issued its earnings results on Wednesday, May 25th. The computer hardware maker reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.07. The company had revenue of $8.29 billion for the quarter, compared to analysts’ expectations of $8.09 billion. NVIDIA had a net margin of 32.02% and a return on equity of 43.81%. NVIDIA’s quarterly revenue was up 46.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.78 EPS. Sell-side analysts predict that NVIDIA Co. will post 4.53 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 1st. Stockholders of record on Thursday, June 9th were issued a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, June 8th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.10%. NVIDIA’s payout ratio is 4.29%.

In other NVIDIA news, Director Mark A. Stevens sold 113,850 shares of the stock in a transaction dated Monday, June 13th. The shares were sold at an average price of $158.03, for a total value of $17,991,715.50. Following the transaction, the director now directly owns 2,596,493 shares of the company’s stock, valued at approximately $410,323,788.79. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John Dabiri sold 2,200 shares of the stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $185.59, for a total transaction of $408,298.00. Following the completion of the transaction, the director now directly owns 2,712 shares in the company, valued at $503,320.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 139,694 shares of company stock worth $22,850,524. 4.04% of the stock is owned by insiders.

NVIDIA Profile (Get Rating)

NVIDIA Corporation provides graphics, computing and networking solutions in the United States, Taiwan, China, and internationally. 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 GPUs for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.

Further Reading

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