Harel Insurance Investments & Financial Services Ltd. Purchases 65,805 Shares of NVIDIA Co. (NASDAQ:NVDA)

Harel Insurance Investments & Financial Services Ltd. grew its position in NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 147.4% during the first quarter, HoldingsChannel.com reports. The fund owned 110,439 shares of the computer hardware maker’s stock after acquiring an additional 65,805 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in NVIDIA were worth $30,134,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Venture Visionary Partners LLC increased its holdings in shares of NVIDIA by 0.3% in the fourth quarter. Venture Visionary Partners LLC now owns 15,776 shares of the computer hardware maker’s stock valued at $4,639,000 after purchasing an additional 43 shares during the last quarter. Tranquility Partners LLC grew its position in NVIDIA by 1.0% in the fourth quarter. Tranquility Partners LLC now owns 4,384 shares of the computer hardware maker’s stock worth $1,290,000 after acquiring an additional 44 shares during the period. Accurate Wealth Management LLC grew its position in NVIDIA by 1.3% in the fourth quarter. Accurate Wealth Management LLC now owns 3,405 shares of the computer hardware maker’s stock worth $959,000 after acquiring an additional 45 shares during the period. Berkeley Capital Partners LLC grew its position in NVIDIA by 2.3% in the fourth quarter. Berkeley Capital Partners LLC now owns 2,024 shares of the computer hardware maker’s stock worth $595,000 after acquiring an additional 45 shares during the period. Finally, Leisure Capital Management grew its position in NVIDIA by 2.4% in the fourth quarter. Leisure Capital Management now owns 1,945 shares of the computer hardware maker’s stock worth $572,000 after acquiring an additional 45 shares during the period. Institutional investors own 55.19% of the company’s stock.

Insider Activity at NVIDIA

In related news, Director John Dabiri sold 2,200 shares of the business’s stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $185.59, for a total value of $408,298.00. Following the transaction, the director now owns 2,712 shares in the company, valued at approximately $503,320.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director John Dabiri sold 2,200 shares of the business’s stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $185.59, for a total value of $408,298.00. Following the transaction, the director now owns 2,712 shares in the company, valued at approximately $503,320.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Debora Shoquist sold 23,644 shares of the business’s stock in a transaction dated Wednesday, June 8th. The shares were 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 owns 186,476 shares in the company, valued at approximately $35,100,377.48. The disclosure for this sale can be found here. Insiders have sold 139,694 shares of company stock worth $22,850,524 in the last quarter. Company insiders own 4.04% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on NVDA shares. Sanford C. Bernstein lowered their price objective on NVIDIA from $325.00 to $225.00 and set an “outperform” rating for the company in a research report on Monday, May 23rd. Needham & Company LLC lowered their price objective on NVIDIA to $185.00 in a research report on Tuesday, July 5th. Cowen lowered their price objective on NVIDIA from $350.00 to $265.00 in a research report on Thursday, May 26th. UBS Group lowered their price target on NVIDIA from $350.00 to $280.00 and set a “buy” rating for the company in a research report on Monday, May 23rd. Finally, Benchmark restated a “buy” rating and set a $228.00 price target (down from $365.00) on shares of NVIDIA in a research report on Thursday, May 26th. Seven investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $255.12.

NVIDIA Stock Down 4.0 %

NVDA opened at $173.19 on Monday. The business’s 50-day simple moving average is $167.44 and its 200-day simple moving average is $211.02. The company has a debt-to-equity ratio of 0.42, a quick ratio of 4.75 and a current ratio of 5.32. NVIDIA Co. has a one year low of $140.55 and a one year high of $346.47. The stock has a market capitalization of $432.98 billion, a P/E ratio of 46.43, a price-to-earnings-growth ratio of 2.66 and a beta of 1.64.

NVIDIA (NASDAQ:NVDA – Get Rating) last posted its earnings results on Wednesday, May 25th. The computer hardware maker reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.09. NVIDIA had a return on equity of 43.81% and a net margin of 32.02%. The business had revenue of $8.29 billion for the quarter, compared to analysts’ expectations of $8.09 billion. During the same quarter in the previous year, the firm earned $0.78 earnings per share. The business’s revenue was up 46.4% compared to the same quarter last year. Analysts anticipate that NVIDIA Co. will post 4.48 EPS for the current year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 1st. Investors of record on Thursday, June 9th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.09%. The ex-dividend date of this dividend was Wednesday, June 8th. NVIDIA’s dividend payout ratio (DPR) is presently 4.29%.

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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