Regent Peak Wealth Advisors LLC grew its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 4.8% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,702 shares of the computer hardware maker’s stock after purchasing an additional 78 shares during the period. Regent Peak Wealth Advisors LLC’s holdings in NVIDIA were worth $908,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Minot Wealth Management LLC lifted its position in NVIDIA by 13.7% during the 4th quarter. Minot Wealth Management LLC now owns 8,758 shares of the computer hardware maker’s stock worth $4,573,000 after buying an additional 1,054 shares in the last quarter. Hartford Investment Management Co. increased its stake in shares of NVIDIA by 11.5% during the 4th quarter. Hartford Investment Management Co. now owns 73,359 shares of the computer hardware maker’s stock worth $38,308,000 after purchasing an additional 7,593 shares during the last quarter. Private Harbour Investment Management & Counsel LLC increased its stake in shares of NVIDIA by 13.6% during the 4th quarter. Private Harbour Investment Management & Counsel LLC now owns 4,157 shares of the computer hardware maker’s stock worth $2,171,000 after purchasing an additional 497 shares during the last quarter. Glaxis Capital Management LLC acquired a new position in shares of NVIDIA during the 4th quarter worth about $1,567,000. Finally, Pactiv General Employee Benefit Trust increased its stake in shares of NVIDIA by 40.6% during the 4th quarter. Pactiv General Employee Benefit Trust now owns 43,295 shares of the computer hardware maker’s stock worth $22,609,000 after purchasing an additional 12,495 shares during the last quarter. 65.70% of the stock is currently owned by hedge funds and other institutional investors.

NVDA traded down $29.39 during midday trading on Tuesday, hitting $564.08. The company had a trading volume of 220,610 shares, compared to its average volume of 8,255,655. NVIDIA Co. has a 52 week low of $280.88 and a 52 week high of $648.57. 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 company has a market capitalization of $351.07 billion, a price-to-earnings ratio of 92.47, a PEG ratio of 3.87 and a beta of 1.45. The stock’s 50 day moving average price is $568.71 and its 200 day moving average price is $545.05.

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

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

NVDA has been the topic of a number of research reports. Barclays upped their price target on shares of NVIDIA from $600.00 to $650.00 and gave the company an “overweight” rating in a research note on Monday, April 19th. Craig Hallum upped their price target 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. Credit Suisse Group upped their price target on shares of NVIDIA from $620.00 to $700.00 and gave the company an “outperform” rating in a research note on Tuesday, April 13th. Piper Sandler upped their price target on shares of NVIDIA from $575.00 to $625.00 and gave the company an “overweight” rating in a research note on Wednesday, March 3rd. Finally, Wells Fargo & Company boosted their price objective on shares of NVIDIA from $625.00 to $715.00 and gave the company an “overweight” rating in a report on Monday, April 19th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $606.61.

In other NVIDIA news, Director Persis Drell sold 1,200 shares of the business’s stock in a transaction dated Monday, April 12th. The shares were sold at an average price of $587.53, for a total value of $705,036.00. Following the transaction, the director now directly owns 16,844 shares in the company, valued at $9,896,355.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert K. Burgess sold 14,500 shares of the business’s stock in a transaction dated Thursday, April 15th. The shares were sold at an average price of $627.95, for a total transaction of $9,105,275.00. Insiders have sold 21,804 shares of company stock valued at $13,207,675 over the last quarter. Corporate insiders own 4.47% of the company’s stock.

NVIDIA Profile

NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, Graphics and Compute & Networking. 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 design; GRID software for cloud-based visual and virtual computing; and automotive platforms for infotainment systems.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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