2 weeks Ago By Defense World Staff
Umpqua Bank cut its stake in shares of NVIDIA Co. ( NASDAQ:NVDA – Free Report ) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The firm owned 77,914 shares of the computer hardware maker’s stock after selling 2,321 shares during the period. NVIDIA makes up approximately 3.6% of Umpqua Bank’s investment portfolio, making the stock its 5th largest holding.
Umpqua Bank’s holdings in NVIDIA were worth $10,266,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds have also added to or reduced their stakes in NVDA. Tacita Capital Inc acquired a new stake in NVIDIA during the 4th quarter worth $28,000.
Legend Financial Advisors Inc. acquired a new stake in shares of NVIDIA during the fourth quarter worth about $34,000. Vision Financial Markets LLC acquired a new stake in shares of NVIDIA during the fourth quarter worth about $38,000.
Luken Investment Analytics LLC bought a new position in shares of NVIDIA during the 4th quarter valued at about $40,000. Finally, Lowe Wealth Advisors LLC acquired a new position in shares of NVIDIA in the 4th quarter valued at approximately $46,000. Institutional investors own 65.
27% of the company’s stock. Analyst Ratings Changes A number of research analysts have weighed in on the stock. Truist Financial lifted their price target on shares of NVIDIA from $204.
00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. TD Cowen cut their price target on NVIDIA from $175.
00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. DZ Bank upgraded NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th.
Stifel Nicolaus set a $180.00 target price on NVIDIA in a research note on Wednesday, March 19th. Finally, Mizuho decreased their price target on shares of NVIDIA from $175.
00 to $168.00 and set an “outperform” rating for the company in a research note on Friday, March 14th. Six analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the company’s stock.
According to MarketBeat, NVIDIA presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.96. NVIDIA Price Performance NASDAQ:NVDA opened at $111.
01 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.
64 and a current ratio of 4.10. The firm has a market cap of $2.
71 trillion, a price-to-earnings ratio of 43.69, a P/E/G ratio of 1.76 and a beta of 1.
96. NVIDIA Co. has a 52 week low of $81.
25 and a 52 week high of $195.95. The firm’s 50-day simple moving average is $113.
21 and its 200 day simple moving average is $129.01. NVIDIA ( NASDAQ:NVDA – Get Free Report ) last released its quarterly 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. The company had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.
16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.
83%. As a group, sell-side analysts predict that NVIDIA Co. will post 2.
77 earnings per share for the current year. NVIDIA Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were given a dividend of $0.
01 per share. The ex-dividend date 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%. Insider Transactions at NVIDIA In other NVIDIA news, insider Donald F. Robertson, Jr.
sold 4,500 shares of the company’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.
00. Following the completion of the sale, the insider now directly owns 479,428 shares in the company, valued at $55,997,190.40.
This represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website .
Also, Director Aarti S. Shah sold 20,000 shares of the business’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $118.
42, for a total value of $2,368,400.00. Following the transaction, the director now directly owns 53,208 shares of the company’s stock, valued at $6,300,891.
36. This trade represents a 27.32 % decrease in their position.
The disclosure for this sale can be found here . In the last three months, insiders have sold 147,147 shares of company stock valued at $17,133,207. 4.
23% of the stock is owned by corporate insiders. 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.
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