Gilder Gagnon Howe & Co. LLC Purchases 37,305 Shares of NVIDIA Corporation (NVDA)
Gilder Gagnon Howe & Co. LLC raised its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 124.4% during the first quarter, according to its most recent filing with the SEC. The fund owned 67,284 shares of the computer hardware maker’s stock after buying an additional 37,305 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in NVIDIA Corporation were worth $7,329,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its stake in NVIDIA Corporation by 17.5% in the first quarter. Quadrant Capital Group LLC now owns 1,055 shares of the computer hardware maker’s stock worth $105,000 after buying an additional 157 shares during the period. Coconut Grove Bank boosted its stake in NVIDIA Corporation by 683.9% in the first quarter. Coconut Grove Bank now owns 1,215 shares of the computer hardware maker’s stock worth $132,000 after buying an additional 1,060 shares during the period. TrimTabs Asset Management LLC boosted its stake in NVIDIA Corporation by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,598 shares of the computer hardware maker’s stock worth $174,000 after buying an additional 752 shares during the period. State of Alaska Department of Revenue acquired a new stake in NVIDIA Corporation during the first quarter worth $182,000. Finally, Greenleaf Trust acquired a new stake in NVIDIA Corporation during the first quarter worth $203,000. 70.10% of the stock is currently owned by institutional investors.
NVIDIA Corporation (NASDAQ NVDA) traded up 1.64% on Tuesday, reaching $159.90. 7,764,520 shares of the company’s stock were exchanged. The firm has a market cap of $95.14 billion, a PE ratio of 53.68 and a beta of 1.24. The firm’s 50-day moving average is $134.62 and its 200-day moving average is $112.04. NVIDIA Corporation has a 12 month low of $44.57 and a 12 month high of $168.50.
NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly earnings data on Tuesday, May 9th. The computer hardware maker reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.16. NVIDIA Corporation had a net margin of 25.95% and a return on equity of 36.40%. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter in the previous year, the company earned $0.46 EPS. The business’s revenue was up 48.7% on a year-over-year basis. On average, equities analysts forecast that NVIDIA Corporation will post $3.09 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 14th. Shareholders of record on Tuesday, May 23rd were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.36%. The ex-dividend date of this dividend was Friday, May 19th. NVIDIA Corporation’s dividend payout ratio (DPR) is 18.60%.
A number of equities research analysts have recently weighed in on NVDA shares. Rosenblatt Securities started coverage on NVIDIA Corporation in a report on Wednesday, February 22nd. They set a “buy” rating and a $140.00 price target on the stock. Mizuho reaffirmed a “buy” rating and set a $130.00 price target on shares of NVIDIA Corporation in a report on Friday, February 24th. B. Riley reaffirmed a “buy” rating and set a $135.00 price target on shares of NVIDIA Corporation in a report on Tuesday, March 14th. Citigroup Inc. set a $145.00 price target on NVIDIA Corporation and gave the company a “buy” rating in a report on Saturday, March 11th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 price target on shares of NVIDIA Corporation in a report on Saturday, March 11th. Six equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, seventeen have given a buy rating and three have assigned a strong buy rating to the company. NVIDIA Corporation has an average rating of “Hold” and a consensus price target of $118.26.
In other news, Director Persis Drell sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $130.02, for a total value of $325,050.00. Following the completion of the transaction, the director now directly owns 24,652 shares in the company, valued at approximately $3,205,253.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Tench Coxe sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $129.48, for a total transaction of $6,474,000.00. The disclosure for this sale can be found here. Insiders sold a total of 410,304 shares of company stock valued at $54,139,604 in the last quarter. Corporate insiders own 5.17% of the company’s stock.
About NVIDIA Corporation
Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.
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