2 weeks Ago By ABMN Staff
Horizon Investments LLC lifted its holdings in NVIDIA Co. ( NASDAQ:NVDA – Free Report ) by 54.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The firm owned 213,435 shares of the computer hardware maker’s stock after acquiring an additional 75,267 shares during the period. NVIDIA accounts for about 0.8% of Horizon Investments LLC’s portfolio, making the stock its 17th biggest holding.
Horizon Investments LLC’s holdings in NVIDIA were worth $28,662,000 as of its most recent SEC filing. Several other institutional investors have also recently made changes to their positions in NVDA. Tacita Capital Inc purchased a new stake in NVIDIA during the 4th quarter valued at approximately $28,000.
Legend Financial Advisors Inc. bought a new position in shares of NVIDIA during the fourth quarter worth $34,000. Vision Financial Markets LLC purchased a new position in NVIDIA during the fourth quarter valued at $38,000.
Luken Investment Analytics LLC bought a new stake in NVIDIA in the 4th quarter valued at $40,000. Finally, Lowe Wealth Advisors LLC purchased a new stake in NVIDIA in the 4th quarter worth $46,000. Hedge funds and other institutional investors own 65.
27% of the company’s stock. Wall Street Analysts Forecast Growth A number of research analysts have recently weighed in on the company. Barclays cut their price objective on NVIDIA from $175.
00 to $155.00 and set an “overweight” rating for the company in a research report on Tuesday. TD Cowen cut their price target on NVIDIA from $175.
00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. DA Davidson decreased their price objective on NVIDIA from $125.
00 to $120.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Cantor Fitzgerald reissued an “overweight” rating and issued a $200.
00 target price on shares of NVIDIA in a report on Wednesday, April 16th. Finally, Susquehanna reaffirmed a “positive” rating and set a $180.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th.
Six investment 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. Based on data from MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and a consensus price target of $165.01.
Insider Activity In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of the stock in a transaction dated Thursday, March 13th. The shares were 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 directly owns 251,044 shares of the company’s stock, valued at approximately $28,993,071.
56. This represents a 17.52 % decrease in their ownership of the stock.
The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink . Also, Director John Dabiri sold 2,663 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.
00, for a total transaction of $292,930.00. Following the completion of the sale, the director now owns 17,279 shares in the company, valued at $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 three months, insiders have sold 147,147 shares of company stock worth $17,133,207. 4.23% of the stock is currently owned by company insiders.
NVIDIA Stock Performance Shares of NVIDIA stock 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 fifty day moving average price is $115.15 and its 200-day moving average price is $129.50.
The firm has a market cap of $2.41 trillion, a P/E ratio of 38.92, a P/E/G ratio of 1.
76 and a beta of 1.96. The company has a current ratio of 4.
10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.
NVIDIA ( NASDAQ:NVDA – Get Free Report ) last posted its quarterly earnings results 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. On average, equities research analysts expect that NVIDIA Co.
will post 2.77 earnings per share for the current fiscal year. NVIDIA Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd.
Shareholders of record on Wednesday, March 12th were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 12th.
This represents a $0.04 annualized dividend and a yield of 0.04%.
NVIDIA’s dividend payout ratio (DPR) is presently 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. Read More 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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