2 weeks Ago By Defense World Staff
Maryland State Retirement & Pension System lessened its holdings in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 6.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC.
The institutional investor owned 1,264,873 shares of the computer hardware maker’s stock after selling 80,902 shares during the quarter. NVIDIA accounts for approximately 3.7% of Maryland State Retirement & Pension System’s investment portfolio, making the stock its 2nd biggest position.
Maryland State Retirement & Pension System’s holdings in NVIDIA were worth $169,860,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors also recently modified their holdings of the business. Tacita Capital Inc bought a new stake in shares of NVIDIA during the fourth quarter worth $28,000.
Legend Financial Advisors Inc. acquired a new stake in shares of NVIDIA during the 4th quarter valued at $34,000. Vision Financial Markets LLC bought a new stake in NVIDIA during the 4th quarter worth $38,000.
Luken Investment Analytics LLC acquired a new position in NVIDIA in the 4th quarter worth about $40,000. Finally, Lowe Wealth Advisors LLC acquired a new position in NVIDIA in the 4th quarter worth about $46,000. Institutional investors own 65.
27% of the company’s stock. NVIDIA Stock PerformanceShares of NVDA stock opened at $98.89 on Wednesday.
The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.
13. The firm has a fifty day simple moving average of $115.15 and a two-hundred day simple moving average of $129.
50. NVIDIA Co. has a 12 month low of $78.
22 and a 12 month high of $195.95. The firm 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 (NASDAQ:NVDA – Get Free Report) last posted its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.
89 EPS for the quarter, topping 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 company had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion.
Analysts forecast that NVIDIA Co. will post 2.77 EPS for the current fiscal year.
NVIDIA Dividend AnnouncementThe business also recently announced 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 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 is presently 1.36%.
Wall Street Analysts Forecast GrowthNVDA has been the topic of a number of recent research reports. Piper Sandler cut their price target on NVIDIA from $175.00 to $150.
00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. TD Cowen cut their target price on shares of NVIDIA from $175.00 to $140.
00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. HSBC cut shares of NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 price target for the company.
in a research report on Thursday, April 3rd. Wedbush reiterated an “outperform” rating and set a $175.00 price target on shares of NVIDIA in a report on Wednesday, April 16th.
Finally, DA Davidson decreased their price objective on NVIDIA from $125.00 to $120.00 and set a “neutral” rating for the company in a report on Monday, April 14th.
Six 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 company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $165.01.
Read Our Latest Research Report on NVIDIAInsider Activity at NVIDIAIn related news, 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 transaction, the director now directly owns 17,279 shares of the company’s stock, valued at $1,900,690. This trade represents a 13.
35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Aarti S.
Shah sold 20,000 shares of the business’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $118.42, for a total transaction of $2,368,400.
00. Following the transaction, the director now owns 53,208 shares in the company, valued at approximately $6,300,891.36.
This trade represents a 27.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here.
Insiders have sold a total of 147,147 shares of company stock valued at $17,133,207 over the last 90 days. 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.Recommended StoriesFive stocks we like better than NVIDIAWhat is the Australian Securities Exchange (ASX) How to Invest in Micro-Cap Stocks Like a Pro5 Top Rated Dividend Stocks to ConsiderInvestors Sell Microsoft Stock on OpenAI News—Time to Buy? Stock Splits, Do They Really Impact Investors?Take-Two Interactive: A Defensive Play Set to ExplodeWant to see what other hedge funds are holding NVDA? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for NVIDIA Co. (NASDAQ:NVDA – Free Report)..
