Rothschild Capital Partners LLC bought a new position in NVIDIA Co. (NASDAQ:NVDA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 22,447 shares of the computer hardware maker's stock, valued at approximately $3,014,000. NVIDIA comprises 0.7% of Rothschild Capital Partners LLC's portfolio, making the stock its 27th largest holding.
A number of other institutional investors and hedge funds also recently made changes to their positions in NVDA. SOA Wealth Advisors LLC. raised its holdings in shares of NVIDIA by 0.3% in 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 during the last quarter. Principal Financial Group Inc. increased its stake in NVIDIA by 3.7% in the 3rd quarter. Principal Financial Group Inc. now owns 35,627,274 shares of the computer hardware maker's stock valued at $4,326,576,000 after buying an additional 1,285,897 shares during the last quarter. Dorsey Wright & Associates increased its stake in NVIDIA by 1.5% in the 3rd quarter. Dorsey Wright & Associates now owns 104,828 shares of the computer hardware maker's stock valued at $12,730,000 after buying an additional 1,536 shares during the last quarter. Kensington Investment Counsel LLC increased its stake in NVIDIA by 2.0% in the 3rd quarter. Kensington Investment Counsel LLC now owns 29,555 shares of the computer hardware maker's stock valued at $3,589,000 after buying an additional 578 shares during the last quarter. Finally, Kimelman & Baird LLC increased its stake in NVIDIA by 680.4% in the 3rd quarter. Kimelman & Baird LLC now owns 51,423 shares of the computer hardware maker's stock valued at $6,245,000 after buying an additional 44,834 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.
NVIDIA Price Performance
Shares of NASDAQ NVDA traded down $1.19 during mid-day trading on Tuesday, reaching $134.38. 160,519,454 shares of the company were exchanged, compared to its average volume of 293,703,320. NVIDIA Co. has a 52 week low of $86.62 and a 52 week high of $195.95. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $3.29 trillion, a PE ratio of 52.88, a PEG ratio of 1.76 and a beta of 2.11. The company's 50 day moving average price is $112.73 and its 200 day moving average price is $126.93.
NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. Sell-side analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.
NVIDIA Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were issued 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 dividend yield of 0.03%. NVIDIA's dividend payout ratio is 1.36%.
Wall Street Analyst Weigh In
Several research firms have commented on NVDA. Wedbush reiterated an "outperform" rating and issued a $175.00 price objective on shares of NVIDIA in a research note on Wednesday, April 16th. Barclays decreased their target price on NVIDIA from $175.00 to $155.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Morgan Stanley decreased their target price on NVIDIA from $162.00 to $160.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Summit Insights lowered NVIDIA from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. Finally, Tigress Financial restated a "buy" rating on shares of NVIDIA in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $164.84.
Read Our Latest Stock Analysis on NVDA
Insider Activity at NVIDIA
In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of the business's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the sale, the director now directly 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Colette Kress sold 66,660 shares of the business's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the sale, the chief financial officer now directly owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. This represents a 2.11% 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 valued at $17,133,207. Corporate insiders own 4.23% of the company's stock.
NVIDIA 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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