NVIDIA Co. (NASDAQ:NVDA) is Perennial Investment Advisors LLC’s 8th Largest Position

Perennial Investment Advisors LLC decreased its holdings in NVIDIA Co. (NASDAQ:NVDAGet Rating) by 5.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,759 shares of the computer hardware maker’s stock after selling 2,031 shares during the quarter. NVIDIA comprises approximately 2.8% of Perennial Investment Advisors LLC’s portfolio, making the stock its 8th biggest position. Perennial Investment Advisors LLC’s holdings in NVIDIA were worth $8,939,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rather & Kittrell Inc. purchased a new stake in NVIDIA in the fourth quarter worth $26,000. Emerson Wealth LLC purchased a new stake in NVIDIA in the first quarter worth $27,000. Roble Belko & Company Inc raised its holdings in NVIDIA by 550.0% in the first quarter. Roble Belko & Company Inc now owns 104 shares of the computer hardware maker’s stock worth $28,000 after purchasing an additional 88 shares in the last quarter. Advanced Research Investment Solutions LLC bought a new position in NVIDIA in the fourth quarter worth $29,000. Finally, Claremont Financial Group Inc. bought a new position in NVIDIA in the fourth quarter worth $29,000. Hedge funds and other institutional investors own 55.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on NVDA shares. Wells Fargo & Company decreased their price objective on NVIDIA from $370.00 to $250.00 and set an “overweight” rating for the company in a report on Friday, May 20th. Atlantic Securities decreased their price objective on NVIDIA to $205.00 in a report on Thursday, May 26th. Deutsche Bank Aktiengesellschaft decreased their price objective on NVIDIA from $190.00 to $175.00 in a report on Wednesday, July 20th. Citigroup decreased their price objective on NVIDIA from $315.00 to $285.00 and set a “buy” rating for the company in a report on Tuesday, July 12th. Finally, Susquehanna reduced their price target on NVIDIA from $260.00 to $220.00 and set a “positive” rating for the company in a report on Wednesday, July 13th. Seven analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of “Moderate Buy” and a consensus target price of $252.24.

NVIDIA Stock Performance

NASDAQ NVDA opened at $189.89 on Friday. The company has a market cap of $474.73 billion, a P/E ratio of 50.91, a P/E/G ratio of 2.95 and a beta of 1.65. The company has a debt-to-equity ratio of 0.42, a quick ratio of 4.75 and a current ratio of 5.32. The business’s 50 day moving average price is $169.18 and its 200-day moving average price is $205.64. NVIDIA Co. has a fifty-two week low of $140.55 and a fifty-two week high of $346.47.

NVIDIA (NASDAQ:NVDAGet Rating) last released its earnings results on Wednesday, May 25th. The computer hardware maker reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.09. The firm had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.09 billion. NVIDIA had a return on equity of 43.81% and a net margin of 32.02%. The company’s revenue for the quarter was up 46.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 EPS. Sell-side analysts predict that NVIDIA Co. will post 4.48 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Investors of record on Thursday, June 9th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.08%. The ex-dividend date of this dividend was Wednesday, June 8th. NVIDIA’s payout ratio is currently 4.29%.

Insider Activity at NVIDIA

In other NVIDIA news, EVP Debora Shoquist sold 23,644 shares of the company’s stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $188.23, for a total value of $4,450,510.12. Following the completion of the sale, the executive vice president now directly owns 186,476 shares in the company, valued at approximately $35,100,377.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Mark A. Stevens sold 113,850 shares of the business’s stock in a transaction on Monday, June 13th. The stock was sold at an average price of $158.03, for a total value of $17,991,715.50. Following the completion of the transaction, the director now directly owns 2,596,493 shares of the company’s stock, valued at approximately $410,323,788.79. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Debora Shoquist sold 23,644 shares of the business’s stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $188.23, for a total value of $4,450,510.12. Following the completion of the transaction, the executive vice president now directly owns 186,476 shares of the company’s stock, valued at $35,100,377.48. The disclosure for this sale can be found here. Insiders sold a total of 139,694 shares of company stock worth $22,850,524 in the last quarter. 4.04% of the stock is owned by company insiders.

NVIDIA Profile

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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

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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