2 weeks Ago By Defense World Staff
Guardian Partners Inc. acquired a new stake in NVIDIA Co. ( NASDAQ:NVDA – Free Report ) in the fourth quarter, according to its most recent filing with the SEC.
The fund acquired 13,981 shares of the computer hardware maker’s stock, valued at approximately $1,959,000. A number of other hedge funds and other institutional investors have also bought and sold shares of NVDA. Geode Capital Management LLC increased its holdings in NVIDIA by 2.
2% during the 3rd quarter. Geode Capital Management LLC now owns 546,079,492 shares of the computer hardware maker’s stock worth $66,101,133,000 after acquiring an additional 11,525,969 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of NVIDIA by 3.
8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 180,403,789 shares of the computer hardware maker’s stock valued at $21,908,236,000 after purchasing an additional 6,526,200 shares in the last quarter. Charles Schwab Investment Management Inc.
increased its holdings in shares of NVIDIA by 3.6% in the fourth quarter. Charles Schwab Investment Management Inc.
now owns 151,280,130 shares of the computer hardware maker’s stock worth $20,315,409,000 after purchasing an additional 5,211,040 shares during the period. Amundi raised its position in shares of NVIDIA by 12.9% in the fourth quarter.
Amundi now owns 117,036,612 shares of the computer hardware maker’s stock worth $16,394,224,000 after buying an additional 13,406,054 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in NVIDIA by 1.7% during the fourth quarter.
Fisher Asset Management LLC now owns 98,339,379 shares of the computer hardware maker’s stock valued at $13,205,995,000 after buying an additional 1,618,672 shares during the period. Institutional investors own 65.27% of the company’s stock.
Wall Street Analysts Forecast Growth A number of equities analysts have weighed in on the company. Bank of America decreased their target price on NVIDIA from $200.00 to $160.
00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Barclays decreased their price target on shares of NVIDIA from $175.00 to $155.
00 and set an “overweight” rating on the stock in a report on Tuesday. Benchmark reaffirmed a “buy” rating and set a $190.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th.
HSBC cut NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 target price on the stock. in a research note on Thursday, April 3rd.
Finally, William Blair reaffirmed an “outperform” rating on shares of NVIDIA in a research note on Thursday, March 20th. Six analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.
com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $164.96. NVIDIA Stock Performance Shares of NVDA stock opened at $111.
01 on Friday. 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’s fifty day moving average price is $113.
21 and its 200-day moving average price is $129.01. The stock has a market cap of $2.
71 trillion, a PE ratio of 43.69, a price-to-earnings-growth ratio of 1.76 and a beta of 1.
96. NVIDIA Co. has a 12 month low of $81.
25 and a 12 month high of $195.95. 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, topping analysts’ consensus estimates of $0.84 by $0.
05. The business had revenue of $39.33 billion for the quarter, compared to analysts’ expectations of $38.
16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.
83%. On average, equities analysts expect that NVIDIA Co. will post 2.
77 EPS for the current fiscal year. NVIDIA Announces Dividend The business 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 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 currently 1.
36%. Insider Activity In related news, insider Donald F. Robertson, Jr.
sold 4,500 shares of the company’s 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 transaction, the insider now directly owns 479,428 shares of the company’s stock, valued at approximately $55,997,190.40.
This represents a 0.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink .
Also, Director John Dabiri sold 2,663 shares of the stock in a transaction 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 sale, the director now owns 17,279 shares in the company, 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 . Insiders sold 147,147 shares of company stock worth $17,133,207 over the last three months.
4.23% of the stock is currently owned by corporate insiders. 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. Read More Five stocks we like better than NVIDIA Low PE Growth Stocks: Unlocking Investment Opportunities Short Sellers Gave Up on These 3 Names Recently How to Know if a Stock Pays Dividends and When They Are Paid Out 3 Boring Stocks Outperforming the Market This Year How to Know Which Cryptocurrency to Buy: A Guide for Investors If You Wanted To Buy AbbVie and Didn’t, There’s Still Time To Buy 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 .
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