Alerus Financial NA Buys 2,252 Shares of NVIDIA Co. (NASDAQ:NVDA)

According to its latest 13F filing, the company increased the value of the stock by 5.3% in the fourth quarter. The fund now owns 44,629 of the stock of the computer maker after adding 2,252 more shares over the past period. Alerus Financial NA held 6,522,000 shares of NVIDIA as of its latest SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Birch Capital Management LLC raised its holdings in NVIDIA by 3.1% during the fourth quarter. Birch Capital Management LLC now owns 1,589 shares of the computer hardware maker's stock worth $232,000 after purchasing an additional 48 shares in the last quarter. Wealthquest Corp raised its holdings in NVIDIA by 1.1% during the fourth quarter. Wealthquest Corp now owns 4,410 shares of the computer hardware maker's stock worth $645,000 after purchasing an additional 50 shares in the last quarter. Mine & Arao Wealth Creation & Management LLC. raised its holdings in NVIDIA by 1.1% during the fourth quarter. Mine & Arao Wealth Creation & Management LLC. now owns 4,622 shares of the computer hardware maker's stock worth $675,000 after purchasing an additional 51 shares in the last quarter. Financial Advisors Network Inc. raised its holdings in NVIDIA by 3.0% during the fourth quarter. Financial Advisors Network Inc. now owns 1,767 shares of the computer hardware maker's stock worth $258,000 after purchasing an additional 52 shares in the last quarter. Finally, Advisors Management Group Inc. ADV raised its holdings in NVIDIA by 0.4% during the fourth quarter. Advisors Management Group Inc. ADV now owns 13,251 shares of the computer hardware maker's stock worth $1,937,000 after purchasing an additional 53 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

NVDA stock
traded up $7.12 during trading on Monday, hitting $394.82. The stock had a trading volume of 38,871,506 shares, compared to its average volume of 48,557,191. The company's 50 day moving average price is $307.35 and its two-hundred day moving average price is $237.20. NVIDIA Co. has a 1-year low of $108.13 and a 1-year high of $419.38. The stock has a market cap of $975.21 billion, a price-to-earnings ratio of 201.93, a price-to-earnings-growth ratio of 2.68 and a beta of 1.75. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.79 and a current ratio of 3.43.

The last time ) announced its results was on May 24th. Computer hardware maker NVIDIA reported $1.09 per share in earnings for the first quarter, exceeding the consensus estimate by $0.92. NVIDIA's net margin was 18.52 % and its return on equity was 23.63 %. The company had a revenue of $7.19billion during the quarter compared to the consensus of $6.52billion. In the same quarter last year, the firm posted $1.18 in earnings per share. The company's revenue was down 13.2% year-over-year for the third quarter. Sell-side analysts expect NVIDIA Co. to post an average 6.29 EPS in the current fiscal year.

NVIDIA Dividend Announcement

Recently, the business announced a quarterly distribution that will be paid out on Friday 30th June. Dividends will be paid to shareholders who were in the record books on Thursday, June 8. Dividend yield is 0.04%. This dividend represents an annualized $0.16 and a dividend of $0.04 per share. The ex-dividend day is Wednesday, 7th June. NVIDIA currently has a dividend payout ratio of 8.33%.

Insider Activities

In a transaction that took place on Thursday, 18th May, 23,084 of the company's shares were sold. The shares were sold for an average of $305.00. This totaled $7,040.620.00. The executive vice president owns approximately 42,657,300 shares of stock after the transaction. In a transaction that took place on Thursday, 1st June, 383 shares were sold. The stock was purchased at a price of $384.89 on average, for a transaction totaling $147,412.87. After the sale was completed, the director owns approximately $782,866.26 worth of shares. In a transaction that took place on Thursday, 18th May, 23,084 shares were sold. The stock was bought at an average of $305.00 for a value of $7040620.00. The executive vice president owns approximately 42,657,300 shares of stock after the sale. Insiders have sold 134,591 shares worth $48,950.250 of the company's stock in the past 90 days. Insiders own 3.99% of this stock.

Wall Street analysts weigh in

NVDA has been the subject of recent comments from a number of brokerages. Cowen raised their target price for shares of NVIDIA in a report published on Thursday, 23rd February from $240.00 up to $260.00. Raymond James reiterated a'strong buy' rating on NVIDIA shares and set a target price of $290.00 in a report published on Thursday, 2nd March. Rosenblatt Securities reiterated a 'buy rating' and set a target price of $320.00 on shares NVIDIA. This was in a report published on March 22nd. DZ Bank downgraded shares of NVIDIA to a "sell" rating. They set a target price of $195.00 for the stock. In a report published on Thursday, 16th February. Oppenheimer raised their target price for shares of NVIDIA in a report published on Thursday, 25th May from $350.00 up to $420.00. One analyst gave the stock a sell recommendation, seven a hold recommendation, 29 a buy recommendation, and 1 a strong purchase rating. MarketBeat data shows that the stock average rating is 'Moderate' Buy with a consensus price target of $381.08.

NVIDIA Company profile

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NVIDIA Corp. designs and manufactures computer graphics processors and chipsets. It also produces multimedia software. It is divided into three segments: Graphics Processing Units (GPU), Tegra Processors, and All Other. The GPU segment consists mainly of product brands such as GeForce and Quadro, which are aimed at gamers and designers, Tesla and DGX, for AI data scientists, big data researchers and data scientists, and GRID, for cloud-based visual computation users.

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