1 week Ago By ABMN Staff
Hill Island Financial LLC lessened its stake in NVIDIA Co. ( NASDAQ:NVDA – Free Report ) by 1.3% during the 4th quarter, HoldingsChannel reports.
The firm owned 10,215 shares of the computer hardware maker’s stock after selling 132 shares during the quarter. Hill Island Financial LLC’s holdings in NVIDIA were worth $1,372,000 as of its most recent filing with the Securities and Exchange Commission. Other hedge funds and other institutional investors have also made changes to their positions in the company.
Tacita Capital Inc acquired a new stake in shares of NVIDIA in the fourth quarter valued at about $28,000. Legend Financial Advisors Inc. purchased a new position in NVIDIA in the 4th quarter valued at about $34,000.
Vision Financial Markets LLC purchased a new position in NVIDIA in the 4th quarter valued at about $38,000. Luken Investment Analytics LLC acquired a new stake in NVIDIA in the 4th quarter worth about $40,000. Finally, Lowe Wealth Advisors LLC purchased a new stake in NVIDIA during the 4th quarter worth approximately $46,000.
Institutional investors and hedge funds own 65.27% of the company’s stock. Analyst Ratings Changes NVDA has been the topic of a number of research analyst reports.
Truist Financial lifted their price target on NVIDIA from $204.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th.
KeyCorp set a $190.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. DZ Bank upgraded shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th.
Citigroup restated a “buy” rating on shares of NVIDIA in a research report on Wednesday, April 16th. Finally, Mizuho cut their price objective on shares of NVIDIA from $175.00 to $168.
00 and set an “outperform” rating for the company in a report on Friday, March 14th. Six research 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 company’s stock. According to MarketBeat.
com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $164.96. Insider Activity at NVIDIA In related news, CFO Colette Kress sold 66,660 shares of the firm’s stock in a transaction that occurred on Friday, March 21st.
The shares were sold at an average price of $116.83, for a total value of $7,787,887.80.
Following the sale, the chief financial officer now owns 3,085,765 shares of the company’s stock, valued at $360,509,924.95. This trade represents a 2.
11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink . Also, Director Aarti S.
Shah sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total transaction of $2,368,400.
00. Following the transaction, the director now owns 53,208 shares of the company’s stock, valued at $6,300,891.36.
This trade represents a 27.32 % decrease in their position. The disclosure for this sale can be found here .
Over the last three months, insiders sold 147,147 shares of company stock worth $17,133,207. Company insiders own 4.23% of the company’s stock.
NVIDIA Stock Performance Shares of NVIDIA stock opened at $111.01 on Friday. The stock has a market capitalization of $2.
71 trillion, a price-to-earnings ratio of 43.69, a price-to-earnings-growth ratio of 1.76 and a beta of 1.
96. 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 business has a 50-day moving average of $113.
21 and a 200 day moving average of $128.99. 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 posted its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating the consensus estimate of $0.
84 by $0.05. NVIDIA had a net margin of 55.
69% and a return on equity of 114.83%. The business had revenue of $39.
33 billion during the quarter, compared to analyst estimates of $38.16 billion. As a group, sell-side analysts forecast that NVIDIA Co.
will post 2.77 earnings per share for the current year. NVIDIA Dividend Announcement The 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 was Wednesday, March 12th.
NVIDIA’s payout ratio is currently 1.36%. NVIDIA Company 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. See Also 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.
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