2 weeks Ago By Defense World Staff
Brooklyn FI LLC grew its holdings in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 6,507.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 253,778 shares of the computer hardware maker’s stock after purchasing an additional 249,937 shares during the quarter. Brooklyn FI LLC’s holdings in NVIDIA were worth $34,998,000 as of its most recent SEC filing. Several other institutional investors and hedge funds have also made changes to their positions in NVDA.
Tacita Capital Inc purchased a new position in NVIDIA during the fourth quarter worth about $28,000. Legend Financial Advisors Inc. acquired a new position in shares of NVIDIA in the fourth quarter worth $34,000.
Vision Financial Markets LLC acquired a new position in shares of NVIDIA in the fourth quarter worth $38,000. Luken Investment Analytics LLC acquired a new stake in shares of NVIDIA in the fourth quarter valued at $40,000. Finally, Lowe Wealth Advisors LLC acquired a new stake in shares of NVIDIA in the fourth quarter valued at $46,000.
65.27% of the stock is currently owned by institutional investors and hedge funds. NVIDIA Stock PerformanceShares of NVDA stock opened at $98.
89 on Wednesday. The stock’s 50-day moving average price is $115.15 and its 200 day moving average price is $129.
50. 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 stock has a market capitalization of $2.
41 trillion, a PE ratio of 38.92, a price-to-earnings-growth ratio of 1.76 and a beta of 1.
96. NVIDIA Co. has a 52-week low of $78.
22 and a 52-week high of $195.95. NVIDIA (NASDAQ:NVDA – Get Free Report) last released 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. NVIDIA had a return on equity of 114.83% and a net margin of 55.
69%. The business had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.
16 billion. As a group, equities research analysts forecast that NVIDIA Co. will post 2.
77 EPS for the current year. NVIDIA Announces DividendThe company also recently disclosed 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 of this dividend was Wednesday, March 12th. This represents a $0.
04 dividend on an annualized basis and a yield of 0.04%. NVIDIA’s payout ratio is currently 1.
36%. Analyst Upgrades and DowngradesNVDA has been the topic of several recent research reports. Hsbc Global Res downgraded NVIDIA from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 3rd.
Raymond James reaffirmed a “strong-buy” rating on shares of NVIDIA in a report on Wednesday, April 16th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $200.00 price target on shares of NVIDIA in a research note on Wednesday, April 16th.
Summit Insights downgraded shares of NVIDIA from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. Finally, Benchmark reaffirmed a “buy” rating and set a $190.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th.
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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $165.01.
Check Out Our Latest Stock Report on NVIDIAInsider Transactions at NVIDIAIn related news, Director John Dabiri sold 2,663 shares of the company’s stock in a transaction 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 transaction, the director now owns 17,279 shares of the company’s stock, valued at $1,900,690. This represents a 13.
35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Donald F.
Robertson, Jr. sold 4,500 shares of the firm’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.
80, for a total value of $525,600.00. Following the completion of the sale, the insider now directly owns 479,428 shares of the company’s stock, valued at approximately $55,997,190.
40. This trade represents a 0.93 % decrease in their position.
The disclosure for this sale can be found here. In the last quarter, insiders sold 147,147 shares of company stock worth $17,133,207. Company insiders own 4.
23% of the company’s stock. 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.
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