2 weeks Ago By ABMN Staff
Brooklyn FI LLC increased its position in NVIDIA Co. ( NASDAQ:NVDA – Free Report ) by 6,507.1% during the fourth quarter, HoldingsChannel.
com reports. The fund owned 253,778 shares of the computer hardware maker’s stock after acquiring an additional 249,937 shares during the quarter. Brooklyn FI LLC’s holdings in NVIDIA were worth $34,998,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Tacita Capital Inc purchased a new position in shares of NVIDIA in the fourth quarter valued at $28,000. Legend Financial Advisors Inc.
acquired a new stake in NVIDIA in the 4th quarter valued at about $34,000. Vision Financial Markets LLC acquired a new stake in NVIDIA in the 4th quarter valued at about $38,000. Luken Investment Analytics LLC purchased a new position in NVIDIA during the 4th quarter valued at about $40,000.
Finally, Lowe Wealth Advisors LLC acquired a new position in NVIDIA during the fourth quarter worth about $46,000. 65.27% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes Several analysts have recently commented on the stock. Rosenblatt Securities lowered their price target on shares of NVIDIA from $220.00 to $200.
00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. HSBC cut NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 target price on the stock.
in a report on Thursday, April 3rd. Hsbc Global Res cut NVIDIA from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $160.
00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Piper Sandler dropped their price objective on NVIDIA from $175.00 to $150.
00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Six analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.
com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.01. NVIDIA Trading Up 2.
0 % Shares of NVDA opened at $98.89 on Wednesday. NVIDIA Co.
has a 12 month low of $78.22 and a 12 month high of $195.95.
The stock’s 50-day moving average is $115.15 and its two-hundred day moving average is $129.50.
The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.
64. The stock has a market cap of $2.41 trillion, a PE ratio of 38.
92, a P/E/G ratio of 1.76 and a beta of 1.96.
NVIDIA ( NASDAQ:NVDA – Get Free Report ) last released its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping the consensus estimate of $0.
84 by $0.05. NVIDIA had a return on equity of 114.
83% and a net margin of 55.69%. The firm had revenue of $39.
33 billion for the quarter, compared to analyst estimates of $38.16 billion. Equities analysts forecast that NVIDIA Co.
will post 2.77 earnings per share for the current fiscal year. NVIDIA Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd.
Stockholders of record on Wednesday, March 12th were paid a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 12th.
This represents a $0.04 annualized dividend and a dividend yield of 0.04%.
NVIDIA’s dividend payout ratio (DPR) is presently 1.36%. Insider Activity at NVIDIA In other NVIDIA news, Director Robert K.
Burgess sold 53,324 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.
76. Following the completion of the sale, the director now owns 251,044 shares in the company, valued at $28,993,071.56.
This trade represents a 17.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website .
Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction that occurred on Friday, March 21st.
The stock was sold at an average price of $116.80, for a total value of $525,600.00.
Following the sale, the insider now owns 479,428 shares in the company, valued at $55,997,190.40. This represents a 0.
93 % decrease in their ownership of the stock. The disclosure for this sale can be found here . In the last three months, insiders sold 147,147 shares of company stock valued at $17,133,207.
Corporate insiders own 4.23% of the company’s stock. 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. Recommended Stories Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Co.
( NASDAQ:NVDA – Free Report ). Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter .
.
