2 weeks Ago By ABMN Staff
Kensington Investment Counsel LLC lowered its stake in shares of NVIDIA Co. ( NASDAQ:NVDA – Free Report ) by 8.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission.
The fund owned 27,090 shares of the computer hardware maker’s stock after selling 2,465 shares during the period. NVIDIA makes up 1.5% of Kensington Investment Counsel LLC’s portfolio, making the stock its 21st biggest position.
Kensington Investment Counsel LLC’s holdings in NVIDIA were worth $3,638,000 as of its most recent filing with the Securities and Exchange Commission. A number of other institutional investors and hedge funds also recently modified their holdings of NVDA. SOA Wealth Advisors LLC.
grew its stake in NVIDIA by 0.3% in the third quarter. SOA Wealth Advisors LLC.
now owns 120,634 shares of the computer hardware maker’s stock valued at $14,650,000 after acquiring an additional 350 shares during the period. Swedbank AB lifted its holdings in shares of NVIDIA by 4.8% during the 3rd quarter.
Swedbank AB now owns 40,888,722 shares of the computer hardware maker’s stock valued at $4,965,526,000 after purchasing an additional 1,868,358 shares in the last quarter. Impax Asset Management Group plc grew its position in shares of NVIDIA by 13.2% in the 3rd quarter.
Impax Asset Management Group plc now owns 5,501,589 shares of the computer hardware maker’s stock valued at $667,278,000 after purchasing an additional 640,840 shares during the period. Principal Financial Group Inc. increased its stake in NVIDIA by 3.
7% during the 3rd quarter. Principal Financial Group Inc. now owns 35,627,274 shares of the computer hardware maker’s stock worth $4,326,576,000 after purchasing an additional 1,285,897 shares in the last quarter.
Finally, Capital Performance Advisors LLP raised its holdings in NVIDIA by 50.3% during the 3rd quarter. Capital Performance Advisors LLP now owns 16,756 shares of the computer hardware maker’s stock worth $2,035,000 after buying an additional 5,604 shares during the period.
65.27% of the stock is owned by institutional investors. NVIDIA Stock Up 2.
0 % NVDA opened at $98.89 on Wednesday. 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 fifty day moving average of $115.15 and a 200-day moving average of $129.50.
NVIDIA Co. has a fifty-two week low of $78.22 and a fifty-two week high of $195.
95. The company has a market capitalization 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.
NVIDIA Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were given a dividend of $0.01 per share.
The ex-dividend date of this dividend 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 Activity at NVIDIA In related news, Director Robert K. Burgess sold 53,324 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $115.
49, for a total value of $6,158,388.76. Following the completion of the transaction, the director now owns 251,044 shares of the company’s stock, valued at $28,993,071.
56. This represents a 17.52 % decrease in their position.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link . Also, 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 transaction of $7,787,887.80. Following the completion of the sale, the chief financial officer now owns 3,085,765 shares in the company, valued at $360,509,924.
95. This represents a 2.11 % decrease in their position.
The disclosure for this sale can be found here . Insiders have sold 147,147 shares of company stock valued at $17,133,207 over the last ninety days. 4.
23% of the stock is owned by corporate insiders. Analyst Ratings Changes Several equities research analysts have recently issued reports on NVDA shares. William Blair reissued an “outperform” rating on shares of NVIDIA in a research report on Thursday, March 20th.
Mizuho lowered their target price on NVIDIA from $175.00 to $168.00 and set an “outperform” rating for the company in a report on Friday, March 14th.
DA Davidson reduced their price objective on NVIDIA from $125.00 to $120.00 and set a “neutral” rating for the company in a research report on Monday, April 14th.
Hsbc Global Res lowered NVIDIA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Finally, Benchmark reaffirmed a “buy” rating and set a $190.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th.
Six research analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $165.01.
View Our Latest Research Report on NVDA 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. Featured Articles Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.
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