AssuredPartners Investment Advisors LLC purchased a new stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 42,522 shares of the computer hardware maker's stock, valued at approximately $5,710,000. NVIDIA accounts for approximately 1.1% of AssuredPartners Investment Advisors LLC's investment portfolio, making the stock its 17th biggest holding.
A number of other large investors have also made changes to their positions in the company. NEOS Investment Management LLC raised its holdings in shares of NVIDIA by 26.0% during the 4th quarter. NEOS Investment Management LLC now owns 1,966,142 shares of the computer hardware maker's stock worth $264,033,000 after acquiring an additional 405,894 shares in the last quarter. BIT Capital GmbH lifted its position in shares of NVIDIA by 49.1% in the 4th quarter. BIT Capital GmbH now owns 336,431 shares of the computer hardware maker's stock worth $45,179,000 after purchasing an additional 110,835 shares during the period. UniSuper Management Pty Ltd lifted its position in shares of NVIDIA by 2.9% in the 4th quarter. UniSuper Management Pty Ltd now owns 7,454,916 shares of the computer hardware maker's stock worth $1,001,121,000 after purchasing an additional 210,872 shares during the period. Moment Partners LLC purchased a new stake in shares of NVIDIA in the 4th quarter worth approximately $703,000. Finally, Sava Infond d.o.o. bought a new position in shares of NVIDIA during the 4th quarter worth approximately $41,371,000. 65.27% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other news, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the sale, the director now directly owns 17,279 shares of the company's stock, valued at approximately $1,900,690. This trade represents a 13.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Aarti S. Shah sold 20,000 shares of the firm's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $118.42, for a total value of $2,368,400.00. Following the completion of the sale, the director now directly owns 53,208 shares in the company, valued at approximately $6,300,891.36. This represents a 27.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 147,147 shares of company stock valued at $17,133,207 over the last three months. 4.23% of the stock is currently owned by insiders.
NVIDIA Price Performance
NVDA traded up $2.69 during trading on Thursday, reaching $111.61. The stock had a trading volume of 234,728,400 shares, compared to its average volume of 301,570,144. NVIDIA Co. has a 1-year low of $83.20 and a 1-year high of $195.95. The stock has a 50 day moving average of $111.47 and a two-hundred day moving average of $128.49. The firm has a market capitalization of $2.72 trillion, a price-to-earnings ratio of 43.92, 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 posted 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. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. As a group, equities analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current fiscal year.
NVIDIA Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend 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 Analyst Weigh In
A number of analysts have recently weighed in on NVDA shares. DA Davidson cut their price objective on shares of NVIDIA from $125.00 to $120.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. HSBC lowered NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target for the company. in a research report on Thursday, April 3rd. Rosenblatt Securities decreased their price target on NVIDIA from $220.00 to $200.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Barclays reduced their price objective on NVIDIA from $175.00 to $155.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Finally, UBS Group reiterated a "buy" rating on shares of NVIDIA in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $164.96.
View Our Latest Stock Report on NVIDIA
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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