1 week Ago By Defense World Staff
Forefront Wealth Management Inc. purchased a new stake in NVIDIA Co. (NASDAQ:NVDA – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC).
The institutional investor purchased 3,941 shares of the computer hardware maker’s stock, valued at approximately $529,000. Other hedge funds have also modified their holdings of the company. Tacita Capital Inc purchased a new stake in NVIDIA in the 4th quarter worth about $28,000.
Legend Financial Advisors Inc. purchased a new stake in shares of NVIDIA in the fourth quarter worth approximately $34,000. Vision Financial Markets LLC acquired a new stake in shares of NVIDIA during the fourth quarter worth approximately $38,000.
Luken Investment Analytics LLC acquired a new stake in shares of NVIDIA during the fourth quarter worth approximately $40,000. Finally, Lowe Wealth Advisors LLC purchased a new position in NVIDIA during the fourth quarter valued at approximately $46,000. 65.
27% of the stock is currently owned by institutional investors and hedge funds. Insider ActivityIn other news, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction on Thursday, March 20th.
The shares were sold at an average price of $118.42, for a total transaction of $2,368,400.00.
Following the completion of the sale, the director now owns 53,208 shares of the company’s stock, valued at $6,300,891.36. This represents a 27.
32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Dabiri sold 2,663 shares of the business’s stock in a transaction on Monday, March 10th.
The shares were sold at an average price of $110.00, for a total transaction of $292,930.00.
Following the completion of the sale, the director now directly owns 17,279 shares in the company, valued at $1,900,690. This represents a 13.35 % decrease in their ownership of the stock.
The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock valued at $17,133,207 in the last quarter. Company insiders own 4.
23% of the company’s stock. Analyst Ratings ChangesNVDA has been the subject of a number of research reports. Susquehanna reissued a “positive” rating and set a $180.
00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. DZ Bank raised NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. Truist Financial raised their target price on NVIDIA from $204.
00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Raymond James reissued a “strong-buy” rating on shares of NVIDIA in a report on Wednesday, April 16th.
Finally, Barclays lowered their price objective on NVIDIA from $175.00 to $155.00 and set an “overweight” rating on the stock in a research note on Tuesday.
Six analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $164.
96.View Our Latest Report on NVIDIANVIDIA Trading Up 4.3 %NASDAQ NVDA opened at $111.
01 on Friday. NVIDIA Co. has a 12 month low of $81.
25 and a 12 month high of $195.95. The stock has a 50-day simple moving average of $113.
21 and a 200 day simple moving average of $129.01. The company has a current ratio of 4.
10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.
The company has a market capitalization of $2.71 trillion, a PE ratio of 43.69, a P/E/G ratio of 1.
76 and a beta of 1.96. NVIDIA (NASDAQ:NVDA – Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th.
The computer hardware maker reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.
05. NVIDIA had a return on equity of 114.83% and a net margin of 55.
69%. The company had revenue of $39.33 billion during the quarter, compared to analysts’ expectations of $38.
16 billion. Research analysts forecast that NVIDIA Co. will post 2.
77 EPS for the current year. NVIDIA Dividend AnnouncementThe company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were given a dividend of $0.
01 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.
04 dividend on an annualized basis and a dividend yield of 0.04%. NVIDIA’s dividend payout ratio is 1.
36%. About NVIDIA (Free Report)NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The 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; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.
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