1 week Ago By Defense World Staff
Knights of Columbus Asset Advisors LLC grew its holdings in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 4.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).
The institutional investor owned 387,558 shares of the computer hardware maker’s stock after buying an additional 16,844 shares during the quarter. NVIDIA accounts for 3.4% of Knights of Columbus Asset Advisors LLC’s investment portfolio, making the stock its 3rd largest position.
Knights of Columbus Asset Advisors LLC’s holdings in NVIDIA were worth $52,045,000 as of its most recent SEC filing. A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Tacita Capital Inc purchased a new stake in shares of NVIDIA during the fourth quarter worth $28,000.
Legend Financial Advisors Inc. acquired a new stake in NVIDIA in the 4th quarter valued at about $34,000. Vision Financial Markets LLC acquired a new position in shares of NVIDIA during the 4th quarter worth approximately $38,000.
Luken Investment Analytics LLC acquired a new stake in shares of NVIDIA in the fourth quarter valued at approximately $40,000. Finally, Lowe Wealth Advisors LLC acquired a new position in NVIDIA during the fourth quarter worth $46,000. Hedge funds and other institutional investors own 65.
27% of the company’s stock. NVIDIA Trading Up 4.3 %Shares of NVIDIA stock opened at $111.
01 on Friday. The company has a fifty day simple moving average of $113.21 and a 200-day simple moving average of $129.
01. NVIDIA Co. has a 12-month low of $81.
25 and a 12-month high of $195.95. 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 stock has a market cap of $2.71 trillion, a price-to-earnings ratio of 43.69, a PEG ratio of 1.
76 and a beta of 1.96. NVIDIA (NASDAQ:NVDA – Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th.
The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.
05. NVIDIA had a return on equity of 114.83% and a net margin of 55.
69%. The company had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.
16 billion. On average, equities analysts forecast that NVIDIA Co. will post 2.
77 EPS for the current fiscal year. NVIDIA Dividend AnnouncementThe firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were given a $0.
01 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.
04 annualized dividend and a yield of 0.04%. NVIDIA’s dividend payout ratio (DPR) is 1.
36%. Insider Buying and SellingIn other news, Director Robert K. Burgess sold 53,324 shares of NVIDIA stock in a transaction on Thursday, March 13th.
The stock was sold at an average price of $115.49, for a total transaction 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. The trade was a 17.
52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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 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 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 quarter.
4.23% of the stock is currently owned by insiders. Wall Street Analyst Weigh InSeveral equities analysts have weighed in on the stock.
Barclays decreased their target price on shares of NVIDIA from $175.00 to $155.00 and set an “overweight” rating on the stock in a report on Tuesday.
Tigress Financial reaffirmed a “buy” rating on shares of NVIDIA in a research note on Wednesday, February 26th. Piper Sandler reissued an “overweight” rating on shares of NVIDIA in a research report on Friday. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $200.
00 target price on shares of NVIDIA in a research report on Wednesday, April 16th. Finally, Raymond James reiterated a “strong-buy” rating on shares of NVIDIA in a research report on Wednesday, April 16th. Six research analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the company.
Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.96.
Get Our Latest Analysis on NVDANVIDIA Profile (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 ReadingFive stocks we like better than NVIDIAGrowth Stocks: What They Are, What They Are NotShort Sellers Gave Up on These 3 Names RecentlyHow to Profit From Value Investing 3 Boring Stocks Outperforming the Market This Year3 Dividend Kings To ConsiderIf You Wanted To Buy AbbVie and Didn’t, There’s Still Time To BuyWant to see what other hedge funds are holding NVDA? Visit HoldingsChannel.
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