2 weeks Ago By Defense World Staff
Generali Asset Management SPA SGR bought a new position in NVIDIA Co. (NASDAQ:NVDA – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,137,370 shares of the computer hardware maker’s stock, valued at approximately $287,027,000.
NVIDIA makes up approximately 7.4% of Generali Asset Management SPA SGR’s investment portfolio, making the stock its largest position. Several other hedge funds and other institutional investors also recently modified their holdings of the business.
DiNuzzo Private Wealth Inc. grew its stake in shares of NVIDIA by 0.8% during the fourth quarter.
DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker’s stock valued at $1,157,000 after buying an additional 71 shares during the last quarter. Palisade Asset Management LLC increased its stake in NVIDIA by 0.
5% in the 3rd quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker’s stock worth $1,866,000 after purchasing an additional 75 shares during the period. Baker Boyer National Bank lifted its position in NVIDIA by 3.
3% in the fourth quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker’s stock valued at $323,000 after purchasing an additional 76 shares during the last quarter. Kwmg LLC boosted its stake in shares of NVIDIA by 0.
6% during the fourth quarter. Kwmg LLC now owns 13,067 shares of the computer hardware maker’s stock valued at $1,755,000 after purchasing an additional 77 shares during the period. Finally, SC&H Financial Advisors Inc.
grew its holdings in shares of NVIDIA by 1.6% in the fourth quarter. SC&H Financial Advisors Inc.
now owns 5,074 shares of the computer hardware maker’s stock worth $681,000 after purchasing an additional 80 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.
NVIDIA Trading Up 2.0 %NVDA stock opened at $98.89 on Wednesday.
The firm has a market cap of $2.41 trillion, a PE ratio of 38.92, a price-to-earnings-growth ratio of 1.
76 and a beta of 1.96. The firm has a fifty day moving average price of $115.
15 and a 200 day moving average price of $129.50. The company has a debt-to-equity ratio of 0.
13, a quick ratio of 3.64 and a current ratio of 4.10.
NVIDIA Co. has a fifty-two week low of $78.22 and a fifty-two week high of $195.
95. NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.
89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05.
NVIDIA had a net margin of 55.69% and a return on equity of 114.83%.
The firm had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion.
Sell-side analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.
NVIDIA Announces DividendThe business 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.
This represents a $0.04 annualized dividend and a dividend yield of 0.04%.
The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA’s payout ratio is 1.36%.
Analysts Set New Price TargetsSeveral equities research analysts have weighed in on NVDA shares. Truist Financial increased their price target on shares of NVIDIA from $204.00 to $205.
00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Wedbush reissued an “outperform” rating and issued a $175.00 target price on shares of NVIDIA in a research note on Wednesday, April 16th.
Mizuho lowered their price target on NVIDIA from $175.00 to $168.00 and set an “outperform” rating for the company in a research report on Friday, March 14th.
KeyCorp set a $190.00 price objective on NVIDIA in a research report on Wednesday, March 19th. Finally, Summit Insights downgraded NVIDIA from a “buy” rating to a “hold” rating in a report on Thursday, February 27th.
Six research 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 company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $165.01.
Get Our Latest Report on NVDAInsider Transactions at NVIDIAIn other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm’s stock in a transaction dated Friday, March 21st.
The shares were sold at an average price of $116.80, for a total value of $525,600.00.
Following the completion of the sale, the insider now owns 479,428 shares in the company, valued at approximately $55,997,190.40. This trade represents a 0.
93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction dated Monday, March 10th.
The stock was sold at an average price of $110.00, for a total transaction of $292,930.00.
Following the transaction, the director now directly owns 17,279 shares of the company’s stock, valued at approximately $1,900,690. This represents a 13.35 % decrease in their ownership of the stock.
The disclosure for this sale can be found here. In the last 90 days, insiders sold 147,147 shares of company stock worth $17,133,207. 4.
23% of the stock is currently owned by company insiders. NVIDIA Profile (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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