1 week Ago By Defense World Staff
Plancorp LLC raised its position in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 6.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The firm owned 48,780 shares of the computer hardware maker’s stock after acquiring an additional 2,873 shares during the period. Plancorp LLC’s holdings in NVIDIA were worth $6,551,000 at the end of the most recent quarter. Other institutional investors also recently modified their holdings of the company.
Hickory Point Bank & Trust acquired a new position in NVIDIA during the 4th quarter worth approximately $2,272,000. Capital Performance Advisors LLP boosted its position in shares of NVIDIA by 59.3% during the 4th quarter.
Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker’s stock valued at $3,586,000 after purchasing an additional 9,944 shares in the last quarter. Ethos Financial Group LLC lifted its position in shares of NVIDIA by 24.1% during the 4th quarter.
Ethos Financial Group LLC now owns 32,092 shares of the computer hardware maker’s stock valued at $4,312,000 after acquiring an additional 6,241 shares during the period. Metis Global Partners LLC boosted its holdings in NVIDIA by 3.6% in the fourth quarter.
Metis Global Partners LLC now owns 1,464,826 shares of the computer hardware maker’s stock worth $196,711,000 after acquiring an additional 50,978 shares in the last quarter. Finally, Candriam S.C.
A. boosted its stake in NVIDIA by 0.5% during the 4th quarter.
Candriam S.C.A.
now owns 7,061,058 shares of the computer hardware maker’s stock valued at $948,229,000 after purchasing an additional 35,684 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.
NVIDIA Stock PerformanceShares of NVDA stock opened at $111.01 on Friday. The company has a 50 day moving average price of $113.
21 and a 200-day moving average price of $129.01. The firm has a market capitalization of $2.
71 trillion, a PE ratio of 43.69, a P/E/G ratio of 1.76 and a beta of 1.
96. The company has a quick ratio of 3.64, a current ratio of 4.
10 and a debt-to-equity ratio of 0.13. NVIDIA Co.
has a 52 week low of $81.25 and a 52 week high of $195.95.
NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 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 return on equity of 114.
83% and a net margin of 55.69%. As a group, equities research analysts expect that NVIDIA Co.
will post 2.77 earnings per share for the current year. NVIDIA Announces DividendThe company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd.
Shareholders of record on Wednesday, March 12th were given 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 payout ratio is currently 1.36%. Analyst Ratings ChangesA number of equities analysts have recently weighed in on the company.
DZ Bank upgraded NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. Susquehanna reaffirmed a “positive” rating and issued a $180.00 price target on shares of NVIDIA in a report on Wednesday, March 19th.
Wedbush reissued an “outperform” rating and set a $175.00 price target on shares of NVIDIA in a research note on Wednesday, April 16th. UBS Group reaffirmed a “buy” rating on shares of NVIDIA in a research note on Friday.
Finally, Truist Financial raised their target price on NVIDIA from $204.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th.
Six analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $164.96.
Read Our Latest Analysis on NVDAInsider ActivityIn other NVIDIA news, Director John Dabiri sold 2,663 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.
00. Following the completion of the sale, the director now owns 17,279 shares in the company, valued at approximately $1,900,690. This represents a 13.
35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert K.
Burgess sold 53,324 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.
76. Following the sale, the director now directly owns 251,044 shares in the company, valued at approximately $28,993,071.56.
This represents a 17.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here.
Insiders have sold 147,147 shares of company stock worth $17,133,207 in the last three months. 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.Read MoreFive stocks we like better than NVIDIAUtilities Stocks Explained – How and Why to Invest in UtilitiesShort Sellers Gave Up on These 3 Names RecentlyWhat is a penny stock? A comprehensive guide3 Boring Stocks Outperforming the Market This YearDo Real Estate Investment Trusts Deserve a Place in Your Portfolio?If 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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