Calamos Wealth Management LLC Grows Stock Position in NVIDIA Co. (NASDAQ:NVDA)

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Calamos Wealth Management LLC boosted its position in NVIDIA Co. (NASDAQ:NVDAGet Rating) by 2.3% during the first quarter, Holdings Channel reports. The fund owned 91,180 shares of the computer hardware maker’s stock after acquiring an additional 2,073 shares during the period. NVIDIA comprises 1.9% of Calamos Wealth Management LLC’s holdings, making the stock its 9th biggest holding. Calamos Wealth Management LLC’s holdings in NVIDIA were worth $24,879,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Resonant Capital Advisors LLC boosted its position in NVIDIA by 6.9% during the first quarter. Resonant Capital Advisors LLC now owns 1,796 shares of the computer hardware maker’s stock valued at $480,000 after buying an additional 116 shares during the period. GenTrust LLC boosted its position in NVIDIA by 16.4% during the first quarter. GenTrust LLC now owns 2,844 shares of the computer hardware maker’s stock valued at $776,000 after buying an additional 400 shares during the period. Relyea Zuckerberg Hanson LLC boosted its position in NVIDIA by 16.6% during the first quarter. Relyea Zuckerberg Hanson LLC now owns 2,124 shares of the computer hardware maker’s stock valued at $472,000 after buying an additional 303 shares during the period. Lannebo Fonder AB boosted its position in NVIDIA by 5.9% during the first quarter. Lannebo Fonder AB now owns 90,000 shares of the computer hardware maker’s stock valued at $24,557,000 after buying an additional 5,000 shares during the period. Finally, Secure Asset Management LLC boosted its position in NVIDIA by 6.3% during the first quarter. Secure Asset Management LLC now owns 12,304 shares of the computer hardware maker’s stock valued at $3,357,000 after buying an additional 731 shares during the period. Institutional investors own 55.19% of the company’s stock.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $173.19 on Monday. NVIDIA Co. has a fifty-two week low of $140.55 and a fifty-two week high of $346.47. The company has a 50 day simple moving average of $167.44 and a two-hundred day simple moving average of $211.02. The company has a market capitalization of $432.98 billion, a price-to-earnings ratio of 46.43, a P/E/G ratio of 2.66 and a beta of 1.64. 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 (NASDAQ:NVDAGet Rating) last announced its earnings results on Wednesday, May 25th. The computer hardware maker reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.09. The business had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.09 billion. NVIDIA had a net margin of 32.02% and a return on equity of 43.81%. The business’s revenue for the quarter was up 46.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.78 earnings per share. Analysts expect that NVIDIA Co. will post 4.48 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Insiders Place Their Bets

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

Analyst Ratings Changes

NVDA has been the subject of several analyst reports. Atlantic Securities cut their price target on shares of NVIDIA to $205.00 in a research report on Thursday, May 26th. KeyCorp dropped their target price on shares of NVIDIA from $250.00 to $230.00 and set an “overweight” rating for the company in a report on Tuesday, July 12th. Wedbush dropped their target price on shares of NVIDIA from $300.00 to $190.00 and set a “neutral” rating for the company in a report on Thursday, May 19th. Barclays dropped their target price on shares of NVIDIA from $350.00 to $295.00 and set an “overweight” rating for the company in a report on Monday, April 25th. Finally, Morgan Stanley dropped their target price on shares of NVIDIA from $217.00 to $182.00 and set an “equal weight” rating for the company in a report on Thursday, May 26th. Seven analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $255.12.

About NVIDIA

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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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