Trace Wealth Advisors LLC purchased a new position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,838 shares of the computer hardware maker's stock, valued at approximately $381,000.
Other hedge funds also recently modified their holdings of the company. True Wealth Design LLC grew its stake in NVIDIA by 8.5% in the 4th quarter. True Wealth Design LLC now owns 3,347 shares of the computer hardware maker's stock valued at $450,000 after buying an additional 262 shares during the last quarter. State of Wyoming grew its stake in NVIDIA by 113.5% in the 4th quarter. State of Wyoming now owns 85,056 shares of the computer hardware maker's stock valued at $11,422,000 after buying an additional 45,214 shares during the last quarter. Stonebrook Private Inc. grew its stake in NVIDIA by 5.9% in the 4th quarter. Stonebrook Private Inc. now owns 56,194 shares of the computer hardware maker's stock valued at $7,546,000 after buying an additional 3,132 shares during the last quarter. Strategic Global Advisors LLC grew its stake in NVIDIA by 7.1% in the 4th quarter. Strategic Global Advisors LLC now owns 223,747 shares of the computer hardware maker's stock valued at $30,047,000 after buying an additional 14,787 shares during the last quarter. Finally, Strategic Wealth Partners Ltd. grew its stake in NVIDIA by 20.9% in the 4th quarter. Strategic Wealth Partners Ltd. now owns 101,828 shares of the computer hardware maker's stock valued at $13,776,000 after buying an additional 17,632 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.
Insiders Place Their Bets
In other NVIDIA news, Director John Dabiri sold 2,663 shares of the business's 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 transaction, the director now directly owns 17,279 shares of the company's stock, valued at approximately $1,900,690. The trade was a 13.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Colette Kress sold 66,660 shares of the business's stock in a transaction dated 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 transaction, the chief financial officer now directly owns 3,085,765 shares of the company's stock, valued at approximately $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. Over the last three months, insiders sold 197,147 shares of company stock valued at $23,874,207. Insiders own 4.17% of the company's stock.
NVIDIA Price Performance
Shares of NASDAQ NVDA traded up $3.84 during trading on Tuesday, reaching $141.22. The company had a trading volume of 224,730,554 shares, compared to its average volume of 283,301,000. NVIDIA Co. has a 52 week low of $86.62 and a 52 week high of $195.95. The stock has a market cap of $3.45 trillion, a PE ratio of 55.58, a PEG ratio of 1.76 and a beta of 2.11. 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 business's 50 day moving average price is $116.54 and its 200-day moving average price is $126.31.
NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the prior year, the firm posted $0.61 earnings per share. The company's revenue was up 69.2% on a year-over-year basis. Analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current year.
NVIDIA Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date is Wednesday, June 11th. NVIDIA's dividend payout ratio is presently 1.29%.
Wall Street Analyst Weigh In
NVDA has been the topic of a number of research analyst reports. Mizuho raised their target price on shares of NVIDIA from $168.00 to $170.00 and gave the company an "outperform" rating in a research note on Thursday, May 29th. UBS Group reissued a "buy" rating on shares of NVIDIA in a report on Friday, May 23rd. Rosenblatt Securities increased their price target on shares of NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a report on Thursday, May 29th. Citigroup reissued a "buy" rating and issued a $180.00 price target (up from $150.00) on shares of NVIDIA in a report on Thursday, May 29th. Finally, Summit Insights raised shares of NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus price target of $171.66.
Check Out Our Latest Stock Report on NVDA
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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