CreativeOne Wealth LLC lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 34.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 377,837 shares of the computer hardware maker's stock after purchasing an additional 96,585 shares during the quarter. NVIDIA comprises about 1.6% of CreativeOne Wealth LLC's investment portfolio, making the stock its 9th largest position. CreativeOne Wealth LLC's holdings in NVIDIA were worth $50,740,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also made changes to their positions in NVDA. SOA Wealth Advisors LLC. boosted its stake in shares of NVIDIA by 0.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker's stock worth $14,650,000 after acquiring an additional 350 shares in the last quarter. Principal Financial Group Inc. raised its holdings in NVIDIA by 3.7% during the third quarter. Principal Financial Group Inc. now owns 35,627,274 shares of the computer hardware maker's stock worth $4,326,576,000 after purchasing an additional 1,285,897 shares during the last quarter. NCP Inc. boosted its position in NVIDIA by 14.6% during the third quarter. NCP Inc. now owns 206,065 shares of the computer hardware maker's stock worth $25,025,000 after purchasing an additional 26,175 shares in the last quarter. Capital Counsel LLC NY grew its holdings in NVIDIA by 10.6% in the third quarter. Capital Counsel LLC NY now owns 3,085 shares of the computer hardware maker's stock valued at $375,000 after purchasing an additional 295 shares during the last quarter. Finally, Glenmede Trust Co. NA increased its position in shares of NVIDIA by 7.6% in the third quarter. Glenmede Trust Co. NA now owns 1,325,358 shares of the computer hardware maker's stock valued at $160,951,000 after buying an additional 94,091 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.
Analyst Upgrades and Downgrades
NVDA has been the topic of a number of research reports. Rosenblatt Securities lowered their price objective on shares of NVIDIA from $220.00 to $200.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Needham & Company LLC reiterated a "buy" rating and set a $160.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Stifel Nicolaus set a $180.00 price target on NVIDIA in a report on Wednesday, March 19th. Truist Financial upped their price objective on NVIDIA from $204.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Finally, Hsbc Global Res cut NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, NVIDIA has an average rating of "Moderate Buy" and an average target price of $164.84.
Check Out Our Latest Research Report on NVDA
Insider Activity at NVIDIA
In other news, Director Aarti S. Shah sold 20,000 shares of the company's stock in a transaction dated Thursday, March 20th. The stock was 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 owns 53,208 shares of the company's stock, valued at $6,300,891.36. This represents a 27.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Dabiri sold 2,663 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the sale, the director now owns 17,279 shares of the company's stock, valued at approximately $1,900,690. This trade represents 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 worth $17,133,207. Corporate insiders own 4.23% of the company's stock.
NVIDIA Trading Up 4.2%
Shares of NASDAQ NVDA traded up $5.41 during midday trading on Wednesday, hitting $135.34. The stock had a trading volume of 279,277,491 shares, compared to its average volume of 296,146,386. 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 Co. has a 1-year low of $86.62 and a 1-year high of $195.95. The company has a market capitalization of $3.31 trillion, a price-to-earnings ratio of 53.26, a PEG ratio of 1.76 and a beta of 2.11. The company has a fifty day moving average price of $110.79 and a 200 day moving average price of $127.08.
NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly 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 net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $39.33 billion for the quarter, compared to analysts' expectations of $38.16 billion. On average, analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.
NVIDIA Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were given a dividend of $0.01 per share. 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 0.03%. NVIDIA's dividend payout ratio (DPR) is 1.36%.
NVIDIA 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.
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