1 week Ago By Defense World Staff
Woodmont Investment Counsel LLC trimmed its stake in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The firm owned 17,243 shares of the computer hardware maker’s stock after selling 426 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in NVIDIA were worth $2,315,000 at the end of the most recent reporting period. Other institutional investors and hedge funds have also recently modified their holdings of the company.
Tacita Capital Inc bought a new position in NVIDIA during the fourth quarter worth about $28,000. Legend Financial Advisors Inc. acquired a new position in shares of NVIDIA during the 4th quarter worth approximately $34,000.
Vision Financial Markets LLC acquired a new position in shares of NVIDIA during the 4th quarter worth approximately $38,000. Luken Investment Analytics LLC bought a new position in shares of NVIDIA during the fourth quarter worth approximately $40,000. Finally, Lowe Wealth Advisors LLC acquired a new stake in shares of NVIDIA in the fourth quarter valued at approximately $46,000.
65.27% of the stock is currently owned by institutional investors and hedge funds. Insiders Place Their BetsIn related news, CFO Colette Kress sold 66,660 shares of the business’s stock in a transaction on Friday, March 21st.
The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80.
Following the transaction, the chief financial officer now owns 3,085,765 shares in the company, valued at $360,509,924.95. The trade was a 2.
11 % 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, Director Robert K.
Burgess sold 53,324 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.
76. Following the completion of the sale, the director now owns 251,044 shares of the company’s stock, valued at $28,993,071.56.
The trade was a 17.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here.
In the last three months, insiders have sold 147,147 shares of company stock worth $17,133,207. Corporate insiders own 4.23% of the company’s stock.
NVIDIA Trading Up 4.3 %NVDA opened at $111.01 on Friday.
NVIDIA Co. has a twelve month low of $81.25 and a twelve month high of $195.
95. The company has a fifty day moving average of $113.21 and a 200-day moving average of $128.
99. The stock has a market cap of $2.71 trillion, a PE ratio of 43.
69, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96.
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 issued its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.
89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05.
The firm had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion.
NVIDIA had a return on equity of 114.83% and a net margin of 55.69%.
On average, sell-side analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.
NVIDIA Dividend AnnouncementThe firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were paid a $0.01 dividend.
This represents a $0.04 annualized dividend and a yield of 0.04%.
The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA’s dividend payout ratio (DPR) is presently 1.36%.
Wall Street Analysts Forecast GrowthA number of equities analysts have commented on NVDA shares. William Blair restated an “outperform” rating on shares of NVIDIA in a research note on Thursday, March 20th. UBS Group restated a “buy” rating on shares of NVIDIA in a research report on Friday.
Hsbc Global Res cut shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Piper Sandler reissued an “overweight” rating on shares of NVIDIA in a report on Friday. Finally, Wedbush reaffirmed an “outperform” rating and set a $175.
00 price target on shares of NVIDIA in a report on Wednesday, April 16th. Six investment analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $164.
96.View Our Latest Analysis on NVDANVIDIA 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.
Featured StoriesFive stocks we like better than NVIDIAWhat is a Microcap Stock? Everything You Need to Know Markets Think Robinhood Earnings Could Send the Stock UpStock Ratings and Recommendations: Understanding Analyst RatingsChurchill Downs Stock: Could Tariff Fears Dampen Derby Gains?The Significance of Brokerage Rankings in Stock SelectionAT&T: Subscriber Growth & Buybacks Signal Bullish Turnaround.
