1 week Ago By Defense World Staff
Intellus Advisors LLC acquired a new position in NVIDIA Co. ( NASDAQ:NVDA – Free Report ) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 45,893 shares of the computer hardware maker’s stock, valued at approximately $6,163,000.
NVIDIA accounts for 1.1% of Intellus Advisors LLC’s portfolio, making the stock its 26th biggest holding. Other institutional investors have also recently made changes to their positions in the company.
Forefront Wealth Management Inc. acquired a new stake in NVIDIA during the 4th quarter worth about $529,000. Sei Investments Co.
lifted its holdings in shares of NVIDIA by 3.8% in the 4th quarter. Sei Investments Co.
now owns 15,212,771 shares of the computer hardware maker’s stock valued at $2,042,921,000 after buying an additional 550,621 shares during the period. Plancorp LLC boosted its stake in shares of NVIDIA by 6.3% in the fourth quarter.
Plancorp LLC now owns 48,780 shares of the computer hardware maker’s stock worth $6,551,000 after buying an additional 2,873 shares during the last quarter. Runnymede Capital Advisors Inc. acquired a new stake in NVIDIA during the fourth quarter worth about $5,048,000.
Finally, Mizuho Securities USA LLC lifted its holdings in NVIDIA by 45.7% in the fourth quarter. Mizuho Securities USA LLC now owns 2,324,888 shares of the computer hardware maker’s stock valued at $312,209,000 after acquiring an additional 729,709 shares during the period.
Hedge funds and other institutional investors own 65.27% of the company’s stock. Analyst Ratings Changes Several equities analysts have recently weighed in on the stock.
Barclays cut their target price on shares of NVIDIA from $175.00 to $155.00 and set an “overweight” rating for the company in a report on Tuesday.
Benchmark reaffirmed a “buy” rating and issued a $190.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. TD Cowen lowered their target price on shares of NVIDIA from $175.
00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Wedbush restated an “outperform” rating and issued a $175.
00 price target on shares of NVIDIA in a research note on Wednesday, April 16th. Finally, Bank of America lowered their price target on NVIDIA from $200.00 to $160.
00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Six investment analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.
96. NVIDIA Trading Up 4.3 % NVDA opened at $111.
01 on Friday. The business’s 50 day moving average price is $113.21 and its 200 day moving average price is $129.
01. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.
64 and a current ratio of 4.10. The stock has a market capitalization of $2.
71 trillion, a PE ratio of 43.69, a P/E/G ratio of 1.76 and a beta of 1.
96. NVIDIA Co. has a one year low of $81.
25 and a one year high of $195.95. NVIDIA ( NASDAQ:NVDA – Get Free Report ) last released its quarterly 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. The business had revenue of $39.33 billion during 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%. As a group, equities research analysts expect that NVIDIA Co. will post 2.
77 EPS for the current year. NVIDIA Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were issued a $0.
01 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.
04 annualized dividend and a dividend yield of 0.04%. NVIDIA’s dividend payout ratio is currently 1.
36%. Insider Buying and Selling In related news, insider Donald F. Robertson, Jr.
sold 4,500 shares of the firm’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.
00. Following the completion of the transaction, the insider now directly owns 479,428 shares in the company, valued at $55,997,190.40.
This trade represents a 0.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link .
Also, CFO Colette Kress sold 66,660 shares of the business’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.
80. Following the sale, the chief financial officer now owns 3,085,765 shares in the company, valued at $360,509,924.95.
This trade represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
In the last quarter, insiders sold 147,147 shares of company stock valued at $17,133,207. Company insiders own 4.23% of the company’s stock.
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. Featured Stories Five stocks we like better than NVIDIA Low PE Growth Stocks: Unlocking Investment Opportunities Short Sellers Gave Up on These 3 Names Recently What is a buyback in stocks? A comprehensive guide for investors 3 Boring Stocks Outperforming the Market This Year Growth Stocks: What They Are, Examples and How to Invest 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.
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