2 weeks Ago By Defense World Staff
VSM Wealth Advisory LLC bought a new stake in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,137 shares of the computer hardware maker’s stock, valued at approximately $287,000.
Several other institutional investors and hedge funds have also modified their holdings of NVDA. DiNuzzo Private Wealth Inc. boosted its position in shares of NVIDIA by 0.
8% in the fourth quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker’s stock valued at $1,157,000 after acquiring an additional 71 shares during the period.
Palisade Asset Management LLC raised its stake in NVIDIA by 0.5% during the 3rd quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker’s stock valued at $1,866,000 after purchasing an additional 75 shares during the last quarter.
Baker Boyer National Bank boosted its holdings in NVIDIA by 3.3% in the 4th quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker’s stock valued at $323,000 after purchasing an additional 76 shares during the period.
Kwmg LLC grew its position in NVIDIA by 0.6% in the 4th quarter. Kwmg LLC now owns 13,067 shares of the computer hardware maker’s stock worth $1,755,000 after purchasing an additional 77 shares during the last quarter.
Finally, SC&H Financial Advisors Inc. grew its position in NVIDIA by 1.6% in the 4th quarter.
SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker’s stock worth $681,000 after purchasing an additional 80 shares during the last quarter. 65.
27% of the stock is currently owned by hedge funds and other institutional investors. NVIDIA Price PerformanceNVDA opened at $98.89 on Wednesday.
The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.
64. The stock has a market capitalization of $2.41 trillion, a P/E ratio of 38.
92, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96.
The company’s 50 day simple moving average is $115.15 and its 200-day simple moving average is $129.50.
NVIDIA Co. has a one year low of $78.22 and a one year high of $195.
95. NVIDIA (NASDAQ:NVDA – Get Free Report) last announced its quarterly earnings data 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 analyst estimates of $38.16 billion.
NVIDIA had a return on equity of 114.83% and a net margin of 55.69%.
Sell-side analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.
NVIDIA Dividend AnnouncementThe company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were given 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 yield of 0.
04%. NVIDIA’s payout ratio is 1.36%.
Insiders Place Their BetsIn other NVIDIA news, CFO Colette Kress sold 66,660 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.
80. Following the transaction, the chief financial officer now directly owns 3,085,765 shares of the company’s stock, valued at approximately $360,509,924.95.
This trade represents a 2.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Also, Director John Dabiri sold 2,663 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.
00. Following the sale, the director now owns 17,279 shares of the company’s stock, valued at $1,900,690. The trade was a 13.
35 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 147,147 shares of company stock valued at $17,133,207.
4.23% of the stock is currently owned by insiders. Analysts Set New Price TargetsSeveral research firms recently weighed in on NVDA.
Truist Financial increased their target price 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.
Needham & Company LLC reaffirmed a “buy” rating and issued a $160.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. UBS Group decreased their price objective on NVIDIA from $185.
00 to $180.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Morgan Stanley set a $162.
00 price objective on NVIDIA and gave the company an “overweight” rating in a research report on Wednesday, March 19th. Finally, DZ Bank raised NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th. Six 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.
According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $165.01.Read Our Latest Stock Analysis on NVDAAbout 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 ReadingFive stocks we like better than NVIDIABest ESG Stocks: 11 Best Stocks for ESG InvestingHow to Invest in Micro-Cap Stocks Like a Pro3 Grocery Stocks That Can Help Take a Bite Out of Inflation Investors Sell Microsoft Stock on OpenAI News—Time to Buy? Growth Stocks: What They Are, What They Are NotTake-Two Interactive: A Defensive Play Set to Explode.
