Foster Group Inc. grew its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 14.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,469 shares of the computer hardware maker's stock after purchasing an additional 4,942 shares during the period. Foster Group Inc.'s holdings in NVIDIA were worth $7,361,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in NVDA. Winnow Wealth LLC purchased a new position in NVIDIA in the 2nd quarter worth about $32,000. Longfellow Investment Management Co. LLC grew its stake in NVIDIA by 47.9% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker's stock worth $33,000 after acquiring an additional 67 shares in the last quarter. Spurstone Advisory Services LLC bought a new position in NVIDIA in the 2nd quarter worth about $40,000. Sellwood Investment Partners LLC purchased a new position in shares of NVIDIA during the third quarter worth approximately $50,000. Finally, EDENTREE ASSET MANAGEMENT Ltd purchased a new position in shares of NVIDIA during the second quarter worth approximately $54,000. 65.27% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
NVDA has been the subject of a number of research reports. HSBC set a $310.00 price target on NVIDIA in a report on Tuesday, February 24th. Mizuho set a $275.00 price objective on NVIDIA and gave the stock an "outperform" rating in a report on Friday, January 9th. Oppenheimer reaffirmed an "outperform" rating and set a $265.00 target price on shares of NVIDIA in a research report on Thursday, February 26th. Robert W. Baird upped their target price on NVIDIA from $275.00 to $300.00 and gave the stock an "outperform" rating in a report on Thursday, February 26th. Finally, Jefferies Financial Group reissued a "buy" rating and set a $275.00 price target (up from $250.00) on shares of NVIDIA in a research report on Friday, January 16th. Four research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, NVIDIA currently has an average rating of "Buy" and an average target price of $275.95.
Check Out Our Latest Analysis on NVIDIA
Insider Buying and Selling at NVIDIA
In other NVIDIA news, CFO Colette Kress sold 42,650 shares of the business's stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $174.89, for a total value of $7,459,058.50. Following the completion of the transaction, the chief financial officer directly owned 881,387 shares in the company, valued at approximately $154,145,772.43. The trade was a 4.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Ajay K. Puri sold 300,000 shares of the stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $182.25, for a total transaction of $54,675,000.00. Following the sale, the executive vice president directly owned 3,018,547 shares of the company's stock, valued at approximately $550,130,190.75. The trade was a 9.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,401,616 shares of company stock worth $253,555,407 over the last quarter. Insiders own 4.17% of the company's stock.
NVIDIA Stock Performance
Shares of NASDAQ:NVDA opened at $174.34 on Wednesday. The firm has a 50 day moving average of $182.92 and a 200 day moving average of $184.28. The company has a quick ratio of 3.24, a current ratio of 3.91 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $4.24 trillion, a price-to-earnings ratio of 35.58, a price-to-earnings-growth ratio of 0.55 and a beta of 2.33. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $212.19.
NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.08. The business had revenue of $68.13 billion for the quarter, compared to analysts' expectations of $65.56 billion. NVIDIA had a return on equity of 97.37% and a net margin of 55.60%.The business's revenue for the quarter was up 73.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.89 EPS. On average, sell-side analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.
NVIDIA Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is presently 0.82%.
NVIDIA News Roundup
Here are the key news stories impacting NVIDIA this week:
NVIDIA Profile
(
Free Report)
NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.
The company's product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.
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