WealthBridge Capital Management LLC owns $855,000 of stock in NVIDIA Co. (NASDAQ:NVDA)


WealthBridge Capital Management LLC increased its holdings in NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 13.1% in Q1, according to its latest disclosure to the Securities & Exchange Commission. The institutional investor held 3,134 shares of the hardware maker after purchasing an additional 364 shares during the period. WealthBridge Capital Management LLC’s holdings in NVIDIA were worth $855,000 at the end of last quarter.

Other large investors also bought and sold shares of the company. Norges Bank acquired a new stake in NVIDIA stock during the fourth quarter for a value of approximately $6,279,217,000. BlackRock Inc. increased its stake in NVIDIA shares by 2.1% during the fourth quarter. BlackRock Inc. now owns 177,839,722 shares of the hardware maker worth $52,304,441,000 after buying an additional 3,591,440 shares last quarter. National Pension Service increased its holdings of NVIDIA stock by 297.3% during the third quarter. The National Pension Service now owns 3,167,168 shares of the hardware maker worth $656,111,000 after buying 2,370,034 more shares last quarter. TD Asset Management Inc. increased its stake in NVIDIA stock by 56.5% during the fourth quarter. TD Asset Management Inc. now owns 5,846,984 shares of the hardware maker worth $1,719,657,000 after buying 2,111,668 more shares last quarter. Finally, Cibc World Markets Corp increased its stake in NVIDIA shares by 732.5% during the fourth quarter. Cibc World Markets Corp now owns 1,989,809 shares of the hardware maker worth $585,223,000 after buying an additional 1,750,783 shares last quarter. 55.19% of the shares are held by hedge funds and other institutional investors.

Several analysts have recently weighed in on the stock. Oppenheimer lowered his price target on NVIDIA stock from $350.00 to $300.00 and set an “outperform” rating for the company in a Thursday, May 19 report. Deutsche Bank Aktiengesellschaft lowered its price target on NVIDIA shares from $255.00 to $190.00 in a Thursday, May 26 report. Barclays lowered its price target on NVIDIA shares from $350.00 to $295.00 and set an “overweight” rating for the company in a Monday, April 25 report. Needham & Company LLC lowered its price target on NVIDIA shares from $400.00 to $240.00 and set a “buy” rating for the company in a Thursday, May 26 report. Finally, Tigress Financial raised its price target on NVIDIA shares from $400.00 to $410.00 and gave the company a “buy” rating in a Tuesday, March 29 report. Seven investment analysts gave the stock a hold rating, twenty-seven issued a buy rating and one gave the company’s stock a strong buy rating. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $270.97.

In other NVIDIA news, Executive Vice President Debora Shoquist sold 23,644 NVIDIA shares in a trade on Wednesday, June 8. The shares were sold at an average price of $188.23, for a total value of $4,450,510.12. Following the sale, the executive vice president now directly owns 186,476 shares of the company, valued at approximately $35,100,377.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. Additionally, director John Dabiri sold 2,200 NVIDIA shares in a trade on Friday, May 27. The shares were sold at an average price of $185.59, for a total transaction of $408,298.00. Following the completion of the sale, the administrator now owns 2,712 shares of the company, valued at $503,320.08. The disclosure of this sale can be found here. Insiders sold a total of 139,694 shares of the company worth $22,850,524 during the last quarter. Insiders of the company hold 4.04% of the shares of the company.

NASDAQ NVDA shares opened at $168.69 on Tuesday. The company’s fifty-day moving average is $179.55 and its 200-day moving average is $228.89. The stock has a market capitalization of $421.73 billion, a price/earnings ratio of 45.23, a P/E/G ratio of 2.30 and a beta of 1.59. NVIDIA Co. has a 12-month low of $153.28 and a 12-month high of $346.47. The company has a quick ratio of 4.75, a current ratio of 5.32 and a leverage ratio of 0.42.

NVIDIA (NASDAQ:NVDA – Get Rating) last announced its quarterly results on Wednesday, May 25. The hardware maker reported earnings per share of $1.36 for the quarter, beating analysts’ consensus estimate of $1.29 by $0.07. The company posted revenue of $8.29 billion for the quarter, versus $8.09 billion expected by analysts. NVIDIA had a net margin of 32.02% and a return on equity of 43.81%. The company’s quarterly revenue increased by 46.4% compared to the same quarter last year. During the same period last year, the firm posted earnings per share of $0.78. On average, research analysts expect NVIDIA Co. to post EPS of 4.54 for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 1. Investors of record on Thursday, June 9 will receive a dividend of $0.04. The ex-dividend date is Wednesday, June 8. This represents an annualized dividend of $0.16 and a yield of 0.09%. NVIDIA’s dividend payout ratio is currently 4.29%.

About NVIDIA (Get a rating)

NVIDIA Corporation provides graphics, computing, and networking solutions in the United States, Taiwan, China, and around the world. The Company’s Graphics segment offers GeForce GPUs for games and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPU for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for creating 3D designs and virtual worlds.

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Institutional ownership by quarter for NVIDIA (NASDAQ:NVDA)



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