2 weeks Ago By Defense World Staff
Evoke Wealth LLC boosted its position in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 14.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC.
The institutional investor owned 152,636 shares of the computer hardware maker’s stock after acquiring an additional 18,688 shares during the period. Evoke Wealth LLC’s holdings in NVIDIA were worth $20,498,000 as of its most recent SEC filing. Other hedge funds have also recently added to or reduced their stakes in the company.
Tacita Capital Inc purchased a new stake in shares of NVIDIA in the fourth quarter worth approximately $28,000. Legend Financial Advisors Inc. purchased a new stake in shares of NVIDIA in the fourth quarter valued at about $34,000.
Vision Financial Markets LLC bought a new position in shares of NVIDIA during the fourth quarter valued at about $38,000. Luken Investment Analytics LLC purchased a new position in NVIDIA during the fourth quarter worth about $40,000. Finally, Lowe Wealth Advisors LLC bought a new stake in NVIDIA in the 4th quarter worth about $46,000.
Institutional investors and hedge funds own 65.27% of the company’s stock. Insider Activity at NVIDIAIn other NVIDIA news, Director Aarti S.
Shah sold 20,000 shares of NVIDIA stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.
00. Following the transaction, the director now directly owns 53,208 shares of the company’s stock, valued at $6,300,891.36.
The trade was a 27.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Also, Director John Dabiri sold 2,663 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.
00. Following the completion of the sale, the director now owns 17,279 shares of the company’s stock, valued at $1,900,690. The trade was a 13.
35 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 147,147 shares of company stock valued at $17,133,207.
Insiders own 4.23% of the company’s stock. Analyst Ratings ChangesSeveral equities analysts have commented on the stock.
HSBC cut shares of NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 target price on the stock. in a research report on Thursday, April 3rd.
DA Davidson reduced their price objective on NVIDIA from $125.00 to $120.00 and set a “neutral” rating for the company in a research note on Monday, April 14th.
Needham & Company LLC reaffirmed a “buy” rating and set a $160.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. TD Cowen cut their price target on shares of NVIDIA from $175.
00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Finally, Citigroup restated a “buy” rating on shares of NVIDIA in a report on Wednesday, April 16th.
Six analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and an average price target of $165.01.
View Our Latest Analysis on NVIDIANVIDIA Trading Up 2.0 %NASDAQ NVDA opened at $98.89 on Wednesday.
The stock’s 50-day simple moving average is $115.15 and its two-hundred day simple moving average is $129.50.
NVIDIA Co. has a twelve month low of $78.22 and a twelve month high of $195.
95. The company has a quick ratio of 3.64, a current ratio of 4.
10 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $2.
41 trillion, a price-to-earnings ratio of 38.92, a PEG ratio of 1.76 and a beta of 1.
96. NVIDIA (NASDAQ:NVDA – Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.
89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05.
The company had revenue of $39.33 billion for the quarter, compared to analysts’ expectations of $38.16 billion.
NVIDIA had a return on equity of 114.83% and a net margin of 55.69%.
Research analysts forecast that NVIDIA Co. will post 2.77 EPS for the current fiscal year.
NVIDIA Dividend AnnouncementThe firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.
04%. NVIDIA’s dividend payout ratio (DPR) 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.Featured StoriesFive stocks we like better than NVIDIARoth IRA Calculator: Calculate Your Potential ReturnsHow to Invest in Micro-Cap Stocks Like a ProThe Role Economic Reports Play in a Successful Investment StrategyInvestors Sell Microsoft Stock on OpenAI News—Time to Buy? Top Biotech Stocks: Exploring Innovation OpportunitiesTake-Two Interactive: A Defensive Play Set to Explode.
