1 week Ago By ABMN Staff
United Services Automobile Association reduced its stake in shares of NVIDIA Co. ( NASDAQ:NVDA – Free Report ) by 0.2% in the 4th quarter, Holdings Channel.
com reports. The institutional investor owned 568,866 shares of the computer hardware maker’s stock after selling 1,283 shares during the quarter. NVIDIA comprises about 2.
6% of United Services Automobile Association’s investment portfolio, making the stock its 9th largest position. United Services Automobile Association’s holdings in NVIDIA were worth $76,393,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds also recently modified their holdings of NVDA.
Hickory Point Bank & Trust bought a new position in shares of NVIDIA during the 4th quarter valued at about $2,272,000. Capital Performance Advisors LLP raised its holdings in NVIDIA by 59.3% during the 4th quarter.
Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker’s stock worth $3,586,000 after buying an additional 9,944 shares during the period. Ethos Financial Group LLC boosted its holdings in shares of NVIDIA by 24.1% in the fourth quarter.
Ethos Financial Group LLC now owns 32,092 shares of the computer hardware maker’s stock valued at $4,312,000 after buying an additional 6,241 shares during the period. Metis Global Partners LLC increased its position in shares of NVIDIA by 3.6% during 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 position in shares of NVIDIA by 0.5% during the fourth quarter.
Candriam S.C.A.
now owns 7,061,058 shares of the computer hardware maker’s stock worth $948,229,000 after acquiring an additional 35,684 shares in the last quarter. 65.27% of the stock is owned by institutional investors.
Analysts Set New Price Targets A number of research firms have issued reports on NVDA. Tigress Financial reiterated a “buy” rating on shares of NVIDIA in a report on Wednesday, February 26th. Morgan Stanley decreased their price objective on NVIDIA from $162.
00 to $160.00 and set an “overweight” rating for the company in a report on Friday. Citigroup reissued a “buy” rating on shares of NVIDIA in a research report on Wednesday, April 16th.
TD Cowen reduced their price target on NVIDIA from $175.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th.
Finally, William Blair restated an “outperform” rating on shares of NVIDIA in a report on Thursday, March 20th. 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 stock presently has a consensus rating of “Moderate Buy” and an average price target of $164.96. Insider Transactions at NVIDIA In other NVIDIA news, Director Aarti S.
Shah sold 20,000 shares of the company’s stock in a transaction on Thursday, March 20th. The stock was 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 $6,300,891.36.
This represents a 27.32 % 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, CFO Colette Kress sold 66,660 shares of the company’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.
80. Following the sale, the chief financial officer now owns 3,085,765 shares of the company’s stock, valued at approximately $360,509,924.95.
This represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
In the last 90 days, insiders sold 147,147 shares of company stock valued at $17,133,207. Company insiders own 4.23% of the company’s stock.
NVIDIA Trading Up 4.3 % Shares of NVDA stock opened at $111.01 on Friday.
The stock has a 50 day simple moving average of $113.21 and a 200 day simple moving average of $128.99.
NVIDIA Co. has a 1 year low of $81.25 and a 1 year high of $195.
95. The company has a current ratio of 4.10, a quick ratio of 3.
64 and a debt-to-equity ratio of 0.13. The stock has a market cap of $2.
71 trillion, a P/E ratio of 43.69, a price-to-earnings-growth 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 firm had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion.
On average, research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.
NVIDIA Announces Dividend The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued a $0.01 dividend.
This represents a $0.04 annualized dividend and a yield of 0.04%.
The ex-dividend date was Wednesday, March 12th. NVIDIA’s dividend payout ratio is currently 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. Read More 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 ). Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.
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