KG&L Capital Management LLC Grows Holdings in NVIDIA Co. (NASDAQ:NVDA)

KG&L Capital Management LLC grew its holdings in shares of NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 15.7% in the first quarter, HoldingsChannel.com reviews. The institutional investor owned 9,951 shares of the pc {hardware} maker’s inventory after buying a further 1,354 shares throughout the interval. NVIDIA accounts for 1.1% of KG&L Capital Management LLC’s portfolio, making the inventory its twenty first largest place. KG&L Capital Management LLC’s holdings in NVIDIA had been price $2,715,000 as of its most up-to-date submitting with the Securities and Exchange Commission.
Other institutional traders and hedge funds additionally not too long ago made adjustments to their positions in the corporate. Rather & Kittrell Inc. purchased a brand new place in NVIDIA throughout the fourth quarter price $26,000. Advanced Research Investment Solutions LLC purchased a brand new place in NVIDIA throughout the fourth quarter price $29,000. Claremont Financial Group Inc. purchased a brand new place in NVIDIA throughout the fourth quarter price $29,000. IFS Advisors LLC acquired a brand new stake in NVIDIA in the fourth quarter price $37,000. Finally, Charter Oak Capital Management LLC elevated its place in NVIDIA by 400.0% in the fourth quarter. Charter Oak Capital Management LLC now owns 130 shares of the pc {hardware} maker’s inventory price $38,000 after shopping for a further 104 shares throughout the interval. 55.19% of the inventory is at the moment owned by hedge funds and different institutional traders.

NVIDIA Trading Down 4.0 %
Shares of NASDAQ NVDA opened at $173.19 on Friday. NVIDIA Co. has a one yr low of $140.55 and a one yr excessive of $346.47. The agency has a market capitalization of $432.98 billion, a PE ratio of 46.43, a PEG ratio of two.77 and a beta of 1.64. The firm has a present ratio of 5.32, a fast ratio of 4.75 and a debt-to-equity ratio of 0.42. The enterprise has a 50-day transferring common value of $167.44 and a two-hundred day transferring common value of $211.52.

NVIDIA (NASDAQ:NVDA – Get Rating) final introduced its quarterly earnings information on Wednesday, May twenty fifth. The laptop {hardware} maker reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.09. NVIDIA had a return on fairness of 43.81% and a internet margin of 32.02%. The agency had income of $8.29 billion throughout the quarter, in comparison with analyst estimates of $8.09 billion. During the identical interval final yr, the corporate posted $0.78 EPS. The enterprise’s quarterly income was up 46.4% in comparison with the identical quarter final yr. As a gaggle, analysts predict that NVIDIA Co. will publish 4.48 earnings per share for the present fiscal yr.
NVIDIA Announces Dividend
The firm additionally not too long ago declared a quarterly dividend, which was paid on Friday, July 1st. Stockholders of report on Thursday, June ninth had been paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized foundation and a dividend yield of 0.09%. The ex-dividend date of this dividend was Wednesday, June eighth. NVIDIA’s dividend payout ratio (DPR) is presently 4.29%.
Analysts Set New Price Targets
Several brokerages have weighed in on NVDA. Truist Financial dropped their goal value on NVIDIA to $283.00 in a analysis report on Thursday, May twenty sixth. KeyCorp dropped their goal value on NVIDIA from $250.00 to $230.00 and set an “chubby” score on the inventory in a analysis report on Tuesday, July twelfth. Barclays dropped their goal value on NVIDIA from $350.00 to $295.00 and set an “chubby” score on the inventory in a analysis report on Monday, April twenty fifth. Mizuho lowered their value goal on NVIDIA from $345.00 to $290.00 and set a “purchase” score on the inventory in a report on Thursday, May twenty sixth. Finally, Morgan Stanley lowered their value goal on NVIDIA from $217.00 to $182.00 and set an “equal weight” score on the inventory in a report on Thursday, May twenty sixth. Seven equities analysis analysts have rated the inventory with a maintain score, twenty-five have issued a purchase score and one has assigned a robust purchase score to the corporate’s inventory. According to information from MarketBeat, NVIDIA has a consensus score of “Moderate Buy” and a median value goal of $255.12.
Insider Transactions at NVIDIA
In different information, Director Mark A. Stevens bought 113,850 shares of the agency’s inventory in a transaction dated Monday, June thirteenth. The inventory was bought at a median value of $158.03, for a complete transaction of $17,991,715.50. Following the completion of the sale, the director now immediately owns 2,596,493 shares of the corporate’s inventory, valued at roughly $410,323,788.79. The transaction was disclosed in a doc filed with the Securities & Exchange Commission, which might be accessed by means of the SEC web site. In different information, Director Mark A. Stevens bought 113,850 shares of the agency’s inventory in a transaction dated Monday, June thirteenth. The inventory was bought at a median value of $158.03, for a complete transaction of $17,991,715.50. Following the completion of the sale, the director now immediately owns 2,596,493 shares of the corporate’s inventory, valued at roughly $410,323,788.79. The transaction was disclosed in a doc filed with the Securities & Exchange Commission, which might be accessed by means of the SEC web site. Also, EVP Debora Shoquist bought 23,644 shares of the agency’s inventory in a transaction that occurred on Wednesday, June eighth. The shares had been bought at a median value of $188.23, for a complete worth of $4,450,510.12. Following the completion of the transaction, the manager vp now immediately owns 186,476 shares in the corporate, valued at $35,100,377.48. The disclosure for this sale might be discovered right here. Insiders bought 139,694 shares of firm inventory valued at $22,850,524 in the final three months. Corporate insiders personal 4.04% of the corporate’s inventory.
About NVIDIA
(Get Rating)
NVIDIA Corporation offers graphics, and compute and networking options in the United States, Taiwan, China, and internationally. The firm’s Graphics phase provides GeForce GPUs for gaming and PCs, the GeForce NOW recreation streaming service and associated infrastructure, and options for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; vGPU software program for cloud-based visible and digital computing; automotive platforms for infotainment methods; and Omniverse software program for constructing 3D designs and digital worlds.
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