Piscataqua Savings Bank holds a $142,000 stake in NVIDIA Co. (NASDAQ:NVDA)

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Piscataqua Savings Bank increased its stake in NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 62.5% during the first quarter, Holdings Channel.com reports. The institutional investor held 520 shares of the hardware maker after acquiring an additional 200 shares during the quarter. Piscataqua Savings Bank’s holdings in NVIDIA were worth $142,000 when it last filed with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also changed their positions in the company. GenTrust LLC increased its stake in NVIDIA shares by 16.4% in Q1. GenTrust LLC now owns 2,844 shares of the hardware maker worth $776,000 after buying 400 more shares in the last quarter. Foster Victor Wealth Advisors LLC increased its stake in NVIDIA shares by 12.9% in Q1. Foster Victor Wealth Advisors LLC now owns 1,421 shares of the hardware maker worth $347,000 after buying 162 additional shares during the period. G&S Capital LLC increased its stake in NVIDIA shares by 21.4% in the 1st quarter. G&S Capital LLC now owns 7,291 shares of the hardware maker worth $1,989,000 after buying 1,283 additional shares during the period. Fortune 45 LLC increased its stake in NVIDIA shares by 18.3% in Q1. Fortune 45 LLC now owns 1,471 shares of the hardware maker worth $401,000 after buying 228 additional shares during the period. Finally, Sheets Smith Investment Management bought a new stake in NVIDIA stock in Q4 for a value of approximately $3,597,000. Hedge funds and other institutional investors hold 55.19% of the company’s shares.

Separately, director John Dabiri sold 2,200 shares of the company in a transaction dated Friday, May 27. The shares were sold at an average price of $185.59, for a total transaction of $408,298.00. Following completion of the transaction, the administrator now directly owns 2,712 shares of the company, valued at $503,320.08. The sale was disclosed in a legal filing with the SEC, accessible via this hyperlink. Additionally, Executive Vice President Debora Shoquist sold 23,644 shares of the company in a trade dated Wednesday, June 8. The shares were sold at an average price of $188.23, for a total transaction of $4,450,510.12. Following the transaction, the executive vice president now directly owns 186,476 shares of the company, valued at $35,100,377.48. The disclosure of this sale can be found here. In the past ninety days, insiders have sold 139,694 shares of the company valued at $22,850,524. Insiders hold 4.04% of the shares of the company.

A number of research companies have recently commented on NVDA. Deutsche Bank Aktiengesellschaft lowered its price target on NVIDIA shares from $255.00 to $190.00 in a Thursday, May 26 report. Raymond James lowered his target price on NVIDIA stock from $365.00 to $250.00 in a Thursday, May 26 report. Atlantic Securities lowered its target price on NVIDIA shares to $205.00 in a report Thursday, May 26. Cowen lowered his price target on NVIDIA stock from $350.00 to $265.00 and set an “outperform” rating on the stock in a Thursday, May 26 report. Finally, Tigress Financial raised its price target on NVIDIA shares from $400.00 to $410.00 and gave the company a “buy” rating in a Tuesday, March 29 report. Seven research analysts gave the stock a hold rating, twenty-seven gave the company a buy rating and one gave the company a strong buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $270.97.

NASDAQ NVDA opened at $159.82 on Wednesday. The company has a 50-day simple moving average of $178.31 and a two-hundred-day simple moving average of $228.41. 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 12-month low of $153.28 and a 12-month high of $346.47. The company has a market capitalization of $399.55 billion, a price/earnings ratio of 42.85, a PEG ratio of 2.30 and a beta of 1.59.

NVIDIA (NASDAQ:NVDA – Get Rating) last released its quarterly results on Wednesday, May 25. The hardware maker reported earnings per share (EPS) of $1.36 for the quarter, beating the consensus estimate of $1.29 by $0.07. The company posted revenue of $8.29 billion in the quarter, versus analyst estimates of $8.09 billion. NVIDIA had a net margin of 32.02% and a return on equity of 43.81%. The company’s revenue increased 46.4% year over year. In the same period a year earlier, the company posted earnings per share of $0.78. Stock analysts expect NVIDIA Co. to post earnings per share of 4.54 for the current fiscal year.

The company also recently announced 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 per share. This represents an annualized dividend of $0.16 and a dividend yield of 0.10%. The ex-dividend date is Wednesday, June 8. NVIDIA’s dividend payout ratio (DPR) is 4.29%.

NVIDIA Profile (Get an evaluation)

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.

Further reading

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).

Institutional ownership by quarter for NVIDIA (NASDAQ:NVDA)



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