1 week Ago By Defense World Staff
Meridian Wealth Partners LLC reduced its holdings in NVIDIA Co. ( NASDAQ:NVDA – Free Report ) by 7.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.
The institutional investor owned 22,794 shares of the computer hardware maker’s stock after selling 1,720 shares during the period. NVIDIA comprises about 0.5% of Meridian Wealth Partners LLC’s holdings, making the stock its 26th largest holding.
Meridian Wealth Partners LLC’s holdings in NVIDIA were worth $3,061,000 at the end of the most recent quarter. A number of other institutional investors have also recently bought and sold shares of the business. SOA Wealth Advisors LLC.
lifted its holdings in shares of NVIDIA by 0.3% during the 3rd quarter. SOA Wealth Advisors LLC.
now owns 120,634 shares of the computer hardware maker’s stock valued at $14,650,000 after buying an additional 350 shares during the last quarter. Swedbank AB raised its position in NVIDIA by 4.8% during the third quarter.
Swedbank AB now owns 40,888,722 shares of the computer hardware maker’s stock valued at $4,965,526,000 after acquiring an additional 1,868,358 shares in the last quarter. Impax Asset Management Group plc lifted its stake in NVIDIA by 13.2% in the third 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 acquiring an additional 640,840 shares during the last quarter. Principal Financial Group Inc. grew its position in NVIDIA by 3.
7% in the third quarter. Principal Financial Group Inc. now owns 35,627,274 shares of the computer hardware maker’s stock worth $4,326,576,000 after acquiring an additional 1,285,897 shares in the last quarter.
Finally, Delta Financial Advisors LLC increased its stake in shares of NVIDIA by 0.6% during the 3rd quarter. Delta Financial Advisors LLC now owns 82,969 shares of the computer hardware maker’s stock worth $10,076,000 after purchasing an additional 485 shares during the last quarter.
65.27% of the stock is currently owned by institutional investors and hedge funds. Analysts Set New Price Targets A number of analysts have weighed in on the company.
Wedbush reaffirmed an “outperform” rating and issued a $175.00 price target on shares of NVIDIA in a research report on Wednesday, April 16th. TD Cowen reduced their target price on NVIDIA from $175.
00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Stifel Nicolaus set a $180.
00 target price on NVIDIA in a research report on Wednesday, March 19th. Rosenblatt Securities dropped their price target on shares of NVIDIA from $220.00 to $200.
00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Finally, Raymond James reaffirmed a “strong-buy” rating on shares of NVIDIA in a report on Wednesday, April 16th. Six equities research 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’s stock.
According to MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and a consensus target price of $164.96.
Insider Activity In other news, CFO Colette Kress sold 66,660 shares of the 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 sale, the chief financial officer now directly owns 3,085,765 shares of the company’s stock, valued at $360,509,924.95.
This represents a 2.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link .
Also, Director John Dabiri sold 2,663 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.
00. Following the completion of the transaction, the director now owns 17,279 shares of the company’s stock, valued at $1,900,690. This trade represents a 13.
35 % decrease in their position. The disclosure for this sale can be found here . Over the last ninety days, insiders sold 147,147 shares of company stock worth $17,133,207.
4.23% of the stock is owned by corporate insiders. NVIDIA Trading Up 4.
3 % Shares of NVDA stock opened at $111.01 on Friday. The company has a market capitalization of $2.
71 trillion, a P/E ratio of 43.69, a P/E/G 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. The company has a quick ratio of 3.
64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.
The firm has a 50-day moving average price of $113.21 and a 200 day moving average price of $128.99.
NVIDIA ( NASDAQ:NVDA – Get Free Report ) last posted its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.
84 by $0.05. The company had revenue of $39.
33 billion during 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%. Research analysts forecast that NVIDIA Co.
will post 2.77 earnings per share for the current fiscal year. NVIDIA Announces Dividend The firm 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 of this dividend 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 (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. Further Reading Five stocks we like better than NVIDIA Stock Analyst Ratings and Canadian Analyst Ratings Markets Think Robinhood Earnings Could Send the Stock Up How to Calculate Inflation Rate Churchill Downs Stock: Could Tariff Fears Dampen Derby Gains? What is a SEC Filing? AT&T: Subscriber Growth & Buybacks Signal Bullish Turnaround 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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