2 weeks Ago By ABMN Staff
Stokes Family Office LLC lowered its holdings in NVIDIA Co. ( NASDAQ:NVDA – Free Report ) by 4.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission.
The institutional investor owned 25,493 shares of the computer hardware maker’s stock after selling 1,295 shares during the period. Stokes Family Office LLC’s holdings in NVIDIA were worth $3,423,000 at the end of the most recent reporting period. Other large investors have also recently modified their holdings of the company.
Hickory Point Bank & Trust bought a new stake in NVIDIA during the fourth quarter valued at approximately $2,272,000. Capital Performance Advisors LLP raised 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 buying an additional 9,944 shares in the last quarter. Ethos Financial Group LLC lifted its holdings 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 worth $4,312,000 after acquiring an additional 6,241 shares during the last quarter. Metis Global Partners LLC grew its position 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. increased its stake in NVIDIA by 0.5% in the fourth quarter.
Candriam S.C.A.
now owns 7,061,058 shares of the computer hardware maker’s stock valued at $948,229,000 after acquiring an additional 35,684 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.
Analyst Ratings Changes A number of research firms have recently issued reports on NVDA. TD Cowen cut their price objective on NVIDIA from $175.00 to $140.
00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Susquehanna reaffirmed a “positive” rating and issued a $180.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th.
Rosenblatt Securities decreased their price target on shares of NVIDIA from $220.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th.
Bank of America lowered their price objective on shares of NVIDIA from $200.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, April 16th.
Finally, Piper Sandler reduced their target price on shares of NVIDIA from $175.00 to $150.00 and set an “overweight” rating on the stock in a 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $165.
01. NVIDIA Trading Up 2.0 % NASDAQ NVDA opened at $98.
89 on Wednesday. The firm 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.
The stock’s 50 day moving average is $115.15 and its 200 day moving average is $129.50.
NVIDIA Co. has a twelve month low of $78.22 and a twelve month high of $195.
95. 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 ( NASDAQ:NVDA – Get Free Report ) last announced its earnings results 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 firm had revenue of $39.33 billion for the quarter, compared to analysts’ expectations of $38.
16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.
83%. Research analysts forecast that NVIDIA Co. will post 2.
77 earnings per share for the current fiscal year. NVIDIA Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were issued a dividend of $0.
01 per share. The ex-dividend date was Wednesday, March 12th. This represents a $0.
04 annualized dividend and a dividend yield of 0.04%. NVIDIA’s payout ratio is 1.
36%. Insider Activity In other NVIDIA news, Director Aarti S. Shah sold 20,000 shares of the firm’s stock in a transaction dated Thursday, March 20th.
The shares were sold at an average price of $118.42, for a total transaction of $2,368,400.00.
Following the completion of the sale, the director now directly owns 53,208 shares in the company, valued at approximately $6,300,891.36. This trade represents a 27.
32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink . Also, CFO Colette Kress sold 66,660 shares of the company’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 transaction of $7,787,887.80.
Following the completion of the transaction, the chief financial officer now owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. This represents a 2.
11 % decrease in their position. The disclosure for this sale can be found here . Over the last ninety days, insiders sold 147,147 shares of company stock worth $17,133,207.
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. Further Reading 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.
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