2 weeks Ago By ABMN Staff
Sfmg LLC lowered its stake in shares of NVIDIA Co. ( NASDAQ:NVDA – Free Report ) by 0.2% in the fourth quarter, Holdings Channel reports.
The firm owned 145,461 shares of the computer hardware maker’s stock after selling 237 shares during the period. NVIDIA accounts for about 1.5% of Sfmg LLC’s investment portfolio, making the stock its 12th largest position.
Sfmg LLC’s holdings in NVIDIA were worth $19,534,000 as of its most recent SEC filing. Other hedge funds have also recently modified their holdings of the company. Intellus Advisors LLC purchased a new position in NVIDIA in the 4th quarter valued at $6,163,000.
Forefront Wealth Management Inc. acquired a new stake in shares of NVIDIA in the fourth quarter valued at about $529,000. Sei Investments Co.
lifted its stake in shares of NVIDIA by 3.8% in the fourth quarter. Sei Investments Co.
now owns 15,212,771 shares of the computer hardware maker’s stock worth $2,042,921,000 after buying an additional 550,621 shares in the last quarter. Plancorp LLC boosted its position in NVIDIA by 6.3% during the fourth quarter.
Plancorp LLC now owns 48,780 shares of the computer hardware maker’s stock worth $6,551,000 after acquiring an additional 2,873 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. purchased a new stake in NVIDIA during the 4th quarter valued at about $5,048,000.
Institutional investors and hedge funds own 65.27% of the company’s stock. Insiders Place Their Bets In other news, Director Aarti S.
Shah sold 20,000 shares of the firm’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 sale, the director now owns 53,208 shares of the company’s stock, valued at approximately $6,300,891.36.
This trade represents a 27.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website .
Also, CFO Colette Kress sold 66,660 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.
80. Following the sale, the chief financial officer now owns 3,085,765 shares of the company’s stock, valued at approximately $360,509,924.95.
The trade was a 2.11 % decrease in their position. The disclosure for this sale can be found here .
Insiders sold 147,147 shares of company stock valued at $17,133,207 in the last ninety days. Insiders own 4.23% of the company’s stock.
NVIDIA Price Performance NVIDIA ( NASDAQ:NVDA – Get Free Report ) last issued its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 anticipate that NVIDIA Co.
will post 2.77 earnings per share for the current fiscal year. NVIDIA Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd.
Shareholders of record on Wednesday, March 12th were paid a $0.01 dividend. This represents a $0.
04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date of this dividend was Wednesday, March 12th.
NVIDIA’s dividend payout ratio is presently 1.36%. Wall Street Analysts Forecast Growth Several brokerages have recently weighed in on NVDA.
UBS Group restated a “buy” rating on shares of NVIDIA in a report on Friday. Wedbush reissued an “outperform” rating and set a $175.00 price objective on shares of NVIDIA in a research note on Wednesday, April 16th.
TD Cowen cut their target price on NVIDIA from $175.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th.
Needham & Company LLC reiterated a “buy” rating and set a $160.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Finally, KeyCorp set a $190.
00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Six analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and an average price target of $164.
96. View Our Latest Stock Analysis on NVIDIA 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.
See Also Want 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 ).
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