AGF Investments Inc. Cuts Stake in NVIDIA Co. (NASDAQ:NVDA)

AGF Investments Inc. trimmed its holdings in NVIDIA Co. (NASDAQ:NVDA) by 4.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,377 shares of the computer hardware maker’s stock after selling 203 shares during the period. AGF Investments Inc.’s holdings in NVIDIA were worth $786,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. TD Capital Management LLC purchased a new stake in NVIDIA in the 4th quarter worth $27,000. Swedbank lifted its stake in NVIDIA by 50.4% in the 4th quarter. Swedbank now owns 2,547,600 shares of the computer hardware maker’s stock worth $340,487,000 after purchasing an additional 854,050 shares in the last quarter. Norges Bank purchased a new stake in NVIDIA in the 4th quarter worth $737,230,000. Girard Partners LTD. lifted its stake in NVIDIA by 25.1% in the 4th quarter. Girard Partners LTD. now owns 2,300 shares of the computer hardware maker’s stock worth $307,000 after purchasing an additional 461 shares in the last quarter. Finally, Tdam USA Inc. lifted its stake in NVIDIA by 15.5% in the 1st quarter. Tdam USA Inc. now owns 1,970 shares of the computer hardware maker’s stock worth $354,000 after purchasing an additional 264 shares in the last quarter. 67.51% of the stock is owned by institutional investors.

NVIDIA stock traded up $1.94 during trading on Monday, reaching $166.17. The stock had a trading volume of 17,025,496 shares, compared to its average volume of 13,991,700. NVIDIA Co. has a 52-week low of $124.46 and a 52-week high of $292.76. The firm has a 50 day moving average of $150.47. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.78 and a current ratio of 8.98. The stock has a market capitalization of $101.20 billion, a PE ratio of 27.38, a PEG ratio of 4.15 and a beta of 2.09.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, May 16th. The computer hardware maker reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.07. NVIDIA had a net margin of 30.68% and a return on equity of 31.27%. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter in the previous year, the firm earned $2.05 earnings per share. The firm’s quarterly revenue was down 30.8% on a year-over-year basis. As a group, sell-side analysts expect that NVIDIA Co. will post 4.22 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, May 31st were given a dividend of $0.16 per share. The ex-dividend date was Thursday, May 30th. This represents a $0.64 annualized dividend and a dividend yield of 0.39%. NVIDIA’s dividend payout ratio is presently 10.54%.

In other NVIDIA news, EVP Debora Shoquist sold 5,823 shares of the business’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $185.00, for a total value of $1,077,255.00. Following the transaction, the executive vice president now directly owns 171,783 shares of the company’s stock, valued at approximately $31,779,855. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Harvey C. Jones sold 100,000 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $145.10, for a total transaction of $14,510,000.00. Following the completion of the transaction, the director now directly owns 32,983 shares in the company, valued at $4,785,833.30. The disclosure for this sale can be found here. 4.64% of the stock is currently owned by insiders.

NVDA has been the topic of a number of research reports. SunTrust Banks boosted their target price on shares of NVIDIA to $210.00 and gave the stock a “buy” rating in a report on Tuesday, March 12th. They noted that the move was a valuation call. Needham & Company LLC reiterated a “sell” rating on shares of NVIDIA in a report on Tuesday, March 12th. Mizuho reaffirmed a “buy” rating and issued a $195.00 price target on shares of NVIDIA in a research report on Wednesday, March 13th. Craig Hallum initiated coverage on shares of NVIDIA in a research note on Thursday, March 14th. They set a “hold” rating on the stock. Finally, Wells Fargo & Co upped their price target on shares of NVIDIA from $170.00 to $190.00 and gave the company a “positive” rating in a research note on Tuesday, March 19th. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-five have given a buy rating to the company. NVIDIA has an average rating of “Hold” and an average price target of $194.46.

NVIDIA Profile

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims 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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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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