Williams Jones Wealth Management LLC. Lowers Position in NVIDIA Co. (NASDAQ:NVDA)

Williams Jones Wealth Management LLC. lessened its position in NVIDIA Co. (NASDAQ:NVDAGet Rating) by 5.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 209,450 shares of the computer hardware maker’s stock after selling 11,104 shares during the quarter. Williams Jones Wealth Management LLC.’s holdings in NVIDIA were worth $57,151,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Crawford Investment Counsel Inc. increased its stake in NVIDIA by 22.2% in the first quarter. Crawford Investment Counsel Inc. now owns 6,797 shares of the computer hardware maker’s stock valued at $1,854,000 after acquiring an additional 1,234 shares during the last quarter. SVB Wealth LLC increased its stake in NVIDIA by 9.6% in the first quarter. SVB Wealth LLC now owns 28,851 shares of the computer hardware maker’s stock valued at $7,872,000 after acquiring an additional 2,537 shares during the last quarter. Lavaca Capital LLC increased its stake in NVIDIA by 23.3% in the first quarter. Lavaca Capital LLC now owns 7,400 shares of the computer hardware maker’s stock valued at $2,019,000 after acquiring an additional 1,400 shares during the last quarter. Proficio Capital Partners LLC grew its stake in shares of NVIDIA by 568.2% during the first quarter. Proficio Capital Partners LLC now owns 54,635 shares of the computer hardware maker’s stock valued at $14,908,000 after buying an additional 46,458 shares during the last quarter. Finally, Plancorp LLC grew its stake in shares of NVIDIA by 10.8% during the first quarter. Plancorp LLC now owns 7,622 shares of the computer hardware maker’s stock valued at $2,080,000 after buying an additional 746 shares during the last quarter. Institutional investors own 62.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Mizuho reduced their price objective on NVIDIA from $250.00 to $225.00 and set a “buy” rating on the stock in a research note on Thursday, August 25th. Wells Fargo & Company reduced their price objective on NVIDIA from $370.00 to $250.00 and set an “overweight” rating on the stock in a research note on Friday, May 20th. Craig Hallum reduced their price objective on NVIDIA from $180.00 to $165.00 and set a “hold” rating on the stock in a research note on Thursday, August 25th. Cowen reduced their price objective on NVIDIA from $350.00 to $265.00 and set an “outperform” rating on the stock in a research note on Thursday, May 26th. Finally, The Goldman Sachs Group cut their target price on NVIDIA from $192.00 to $166.00 in a research note on Friday, July 15th. Eleven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $217.26.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 113,850 shares of the stock in a transaction on 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 sale, the director now owns 2,596,493 shares in the company, valued at $410,323,788.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 4.04% of the company’s stock.

NVIDIA Price Performance

Shares of NVDA stock opened at $143.87 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.62 and a quick ratio of 3.11. The company’s 50-day simple moving average is $166.39 and its two-hundred day simple moving average is $192.03. NVIDIA Co. has a one year low of $132.70 and a one year high of $346.47. The company has a market capitalization of $358.24 billion, a P/E ratio of 47.17, a P/E/G ratio of 4.51 and a beta of 1.69.

NVIDIA (NASDAQ:NVDAGet Rating) last posted its quarterly earnings results on Wednesday, August 24th. The computer hardware maker reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.05). The company had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $6.70 billion. NVIDIA had a return on equity of 36.83% and a net margin of 26.03%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.89 EPS. As a group, equities analysts anticipate that NVIDIA Co. will post 2.48 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 8th will be issued a $0.04 dividend. The ex-dividend date is Wednesday, September 7th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.11%. NVIDIA’s dividend payout ratio is currently 5.25%.

About NVIDIA

(Get Rating)

NVIDIA Corporation provides graphics, and compute 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

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Co. (NASDAQ:NVDAGet Rating).

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.