Alerus Financial NA decreased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 8.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 352,392 shares of the computer hardware maker's stock after selling 31,257 shares during the period. NVIDIA comprises approximately 3.6% of Alerus Financial NA's investment portfolio, making the stock its 7th largest holding. Alerus Financial NA's holdings in NVIDIA were worth $47,323,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in NVDA. Level Four Advisory Services LLC raised its position in NVIDIA by 0.3% during the fourth quarter. Level Four Advisory Services LLC now owns 270,449 shares of the computer hardware maker's stock worth $36,319,000 after acquiring an additional 806 shares during the period. NBZ Investment Advisors LLC acquired a new position in NVIDIA during the fourth quarter worth $1,729,000. Vertex Planning Partners LLC raised its position in NVIDIA by 12.4% during the fourth quarter. Vertex Planning Partners LLC now owns 7,732 shares of the computer hardware maker's stock worth $1,038,000 after acquiring an additional 851 shares during the period. denkapparat Operations GmbH acquired a new position in NVIDIA during the fourth quarter worth $752,000. Finally, Orion Portfolio Solutions LLC raised its position in NVIDIA by 5.3% during the fourth quarter. Orion Portfolio Solutions LLC now owns 1,046,469 shares of the computer hardware maker's stock worth $140,530,000 after acquiring an additional 52,400 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.
NVIDIA Stock Performance
Shares of NASDAQ NVDA traded up $2.69 during midday trading on Thursday, reaching $111.61. 234,728,400 shares of the company were exchanged, compared to its average volume of 301,570,144. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 1 year low of $83.20 and a 1 year high of $195.95. The stock has a fifty day simple moving average of $111.47 and a 200 day simple moving average of $128.49. The stock has a market cap of $2.72 trillion, a P/E ratio of 43.92, a PEG ratio of 1.76 and a beta of 1.96.
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 (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $38.16 billion. On average, research analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.
NVIDIA Dividend Announcement
The firm also recently disclosed 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 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date was Wednesday, March 12th. NVIDIA's dividend payout ratio is presently 1.36%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on the stock. Barclays reduced their target price on shares of NVIDIA from $175.00 to $155.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Hsbc Global Res cut shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Benchmark reiterated a "buy" rating and issued a $190.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. William Blair reiterated an "outperform" rating on shares of NVIDIA in a research report on Thursday, March 20th. Finally, TD Cowen reduced their target price on shares of NVIDIA from $175.00 to $140.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, six have assigned 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 currently has a consensus rating of "Moderate Buy" and an average target price of $164.96.
Check Out Our Latest Research Report on NVDA
Insider Buying and Selling at NVIDIA
In related news, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the transaction, the director now directly owns 17,279 shares in the company, valued at $1,900,690. The trade was a 13.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the transaction, the insider now owns 479,428 shares of the company's stock, valued at $55,997,190.40. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is owned by corporate insiders.
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.
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