Edgewood Management LLC lifted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,100,135 shares of the computer hardware maker's stock after buying an additional 213,522 shares during the quarter. NVIDIA comprises approximately 6.6% of Edgewood Management LLC's investment portfolio, making the stock its 2nd biggest holding. Edgewood Management LLC owned about 0.07% of NVIDIA worth $2,296,377,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. SOA Wealth Advisors LLC. increased its holdings in shares of NVIDIA by 0.3% in the third 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. Swedbank AB increased its stake in NVIDIA by 4.8% during the 3rd quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker's stock worth $4,965,526,000 after purchasing an additional 1,868,358 shares in the last quarter. Principal Financial Group Inc. raised its holdings in NVIDIA by 3.7% during the 3rd quarter. Principal Financial Group Inc. now owns 35,627,274 shares of the computer hardware maker's stock worth $4,326,576,000 after buying an additional 1,285,897 shares during the period. German American Bancorp Inc. lifted its stake in NVIDIA by 4.7% in the third quarter. German American Bancorp Inc. now owns 256,257 shares of the computer hardware maker's stock valued at $31,120,000 after buying an additional 11,392 shares in the last quarter. Finally, John G Ullman & Associates Inc. acquired a new position in shares of NVIDIA in the third quarter valued at approximately $208,000. 65.27% of the stock is owned by institutional investors.
NVIDIA Stock Performance
NASDAQ NVDA opened at $116.89 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The stock's fifty day moving average is $110.21 and its two-hundred day moving average is $127.73. The firm has a market capitalization of $2.85 trillion, a P/E ratio of 46.00, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a fifty-two week low of $86.62 and a fifty-two week high of $195.95.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released 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 analysts' expectations of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. On average, research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.
NVIDIA Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were paid a dividend of $0.01 per share. The ex-dividend date 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 presently 1.36%.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the company. Seaport Res Ptn raised NVIDIA to a "strong sell" rating in a research note on Wednesday, April 30th. Summit Insights lowered NVIDIA from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. Wedbush reaffirmed an "outperform" rating and set a $175.00 price target on shares of NVIDIA in a research report on Wednesday, April 16th. HSBC downgraded shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective on the stock. in a report on Thursday, April 3rd. Finally, Morgan Stanley reduced their target price on shares of NVIDIA from $162.00 to $160.00 and set an "overweight" rating for the company in a report on Friday, April 25th. One equities research 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $164.96.
Check Out Our Latest Report on NVIDIA
Insider Transactions at NVIDIA
In other NVIDIA news, CFO Colette Kress sold 66,660 shares of the firm's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the sale, the chief financial officer now directly owns 3,085,765 shares in the company, valued at $360,509,924.95. This trade represents a 2.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Aarti S. Shah sold 20,000 shares of the business's stock in a transaction that occurred on 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 sale, the director now owns 53,208 shares of the company's stock, valued at approximately $6,300,891.36. The trade was a 27.32 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is currently 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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