2 weeks Ago By Defense World Staff
ProVise Management Group LLC trimmed its holdings in shares of NVIDIA Co. ( NASDAQ:NVDA – Free Report ) by 56.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).
The firm owned 10,065 shares of the computer hardware maker’s stock after selling 12,805 shares during the period. ProVise Management Group LLC’s holdings in NVIDIA were worth $1,352,000 at the end of the most recent reporting period. Other hedge funds and other institutional investors also recently made changes to their positions in the company.
Geode Capital Management LLC lifted its position in shares of NVIDIA by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 546,079,492 shares of the computer hardware maker’s stock valued at $66,101,133,000 after buying an additional 11,525,969 shares during the last quarter.
UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in NVIDIA by 3.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 180,403,789 shares of the computer hardware maker’s stock worth $21,908,236,000 after acquiring an additional 6,526,200 shares during the last quarter.
Charles Schwab Investment Management Inc. raised its stake in NVIDIA by 3.6% in the 4th quarter.
Charles Schwab Investment Management Inc. now owns 151,280,130 shares of the computer hardware maker’s stock valued at $20,315,409,000 after acquiring an additional 5,211,040 shares during the period. Amundi lifted its holdings in NVIDIA by 12.
9% during the fourth quarter. Amundi now owns 117,036,612 shares of the computer hardware maker’s stock valued at $16,394,224,000 after purchasing an additional 13,406,054 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its position in NVIDIA by 1.
7% during the fourth quarter. Fisher Asset Management LLC now owns 98,339,379 shares of the computer hardware maker’s stock worth $13,205,995,000 after purchasing an additional 1,618,672 shares during the period. 65.
27% of the stock is owned by hedge funds and other institutional investors. Analysts Set New Price Targets Several analysts have recently issued reports on the stock. Citigroup reissued a “buy” rating on shares of NVIDIA in a research report on Wednesday, April 16th.
Needham & Company LLC restated a “buy” rating and set a $160.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Barclays reduced their price target on NVIDIA from $175.
00 to $155.00 and set an “overweight” rating for the company in a research report on Tuesday. Raymond James reissued a “strong-buy” rating on shares of NVIDIA in a report on Wednesday, April 16th.
Finally, Benchmark restated a “buy” rating and issued a $190.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Six research 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 company’s stock.
Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.01. Insider Buying and Selling In other NVIDIA news, Director Robert K.
Burgess sold 53,324 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total value of $6,158,388.
76. Following the completion of the sale, the director now owns 251,044 shares in the company, valued at approximately $28,993,071.56.
This trade represents a 17.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website .
Also, Director John Dabiri sold 2,663 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.
00. Following the transaction, the director now directly owns 17,279 shares in the company, valued at $1,900,690. This trade represents a 13.
35 % 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 three months.
4.23% of the stock is owned by company insiders. NVIDIA Stock Performance NVIDIA stock opened at $98.
89 on Wednesday. The firm has a fifty day simple moving average of $115.15 and a two-hundred day simple moving average of $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. NVIDIA Co.
has a twelve month low of $78.22 and a twelve month high of $195.95.
The company has a market capitalization of $2.41 trillion, a PE ratio of 38.92, a P/E/G ratio of 1.
76 and a beta of 1.96. 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 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 company had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.
16 billion. Research analysts expect that NVIDIA Co. will post 2.
77 EPS for the current year. NVIDIA Announces Dividend The company 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. This represents a $0.04 annualized dividend and a dividend yield of 0.
04%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA’s dividend payout ratio is 1.
36%. NVIDIA 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.
See Also Five stocks we like better than NVIDIA What is an Earnings Surprise? How to Invest in Micro-Cap Stocks Like a Pro Business Services Stocks Investing Investors Sell Microsoft Stock on OpenAI News—Time to Buy? Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness Take-Two Interactive: A Defensive Play Set to Explode 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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