1 week Ago By Defense World Staff
Sfmg LLC reduced its holdings in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 0.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC.
The fund owned 145,461 shares of the computer hardware maker’s stock after selling 237 shares during the quarter. NVIDIA comprises 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. A number of other hedge funds and other institutional investors also recently made changes to their positions in NVDA. Tacita Capital Inc purchased a new stake in NVIDIA in the fourth quarter worth $28,000.
Legend Financial Advisors Inc. purchased a new stake in NVIDIA during the 4th quarter valued at about $34,000. Vision Financial Markets LLC bought a new position in NVIDIA in the 4th quarter valued at approximately $38,000.
Luken Investment Analytics LLC purchased a new position in NVIDIA in the 4th quarter worth about $40,000. Finally, Lowe Wealth Advisors LLC purchased a new stake in NVIDIA during the 4th quarter valued at $46,000. Institutional investors own 65.
27% of the company’s stock. NVIDIA Stock PerformanceNVDA opened at $111.01 on Friday.
The firm has a 50 day moving average of $113.21 and a two-hundred day moving average 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 current ratio of 4.
10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.
NVIDIA Co. has a 12-month low of $81.25 and a 12-month high of $195.
95. NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.
89 earnings per share (EPS) for the quarter, beating 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.
On average, analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current 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 paid 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 1.36%.
Analyst Upgrades and DowngradesNVDA has been the subject of several recent research reports. Benchmark restated a “buy” rating and set a $190.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th.
Rosenblatt Securities dropped their price objective on shares of NVIDIA from $220.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, April 16th.
Cantor Fitzgerald restated an “overweight” rating and set a $200.00 target price on shares of NVIDIA in a research report on Wednesday, April 16th. TD Cowen lowered their target price on shares of NVIDIA from $175.
00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Finally, Stifel Nicolaus set a $180.
00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Six investment analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.
96.Check Out Our Latest Stock Report on NVIDIAInsider Buying and SellingIn other news, Director John Dabiri sold 2,663 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.
00, for a total transaction of $292,930.00. Following the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction dated Friday, March 21st.
The stock was sold at an average price of $116.80, for a total value of $525,600.00.
Following the completion of the transaction, the insider now directly owns 479,428 shares of the company’s stock, valued at $55,997,190.40. The trade was a 0.
93 % decrease in their position. 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 ninety days.
Company insiders own 4.23% of the company’s stock. NVIDIA Company 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 AlsoFive stocks we like better than NVIDIALearn Technical Analysis Skills to Master the Stock MarketShort Sellers Gave Up on These 3 Names RecentlyEarnings Per Share Calculator: How to Calculate EPS3 Boring Stocks Outperforming the Market This YearWhat is a Death Cross in Stocks?If You Wanted To Buy AbbVie and Didn’t, There’s Still Time To Buy.
