Junto Capital Management LP boosted its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 20.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 269,754 shares of the computer hardware maker's stock after purchasing an additional 46,423 shares during the quarter. Junto Capital Management LP's holdings in NVIDIA were worth $36,225,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in NVDA. Tacita Capital Inc acquired a new position in shares of NVIDIA during the 4th quarter valued at about $28,000. Vision Financial Markets LLC acquired a new position in shares of NVIDIA during the 4th quarter valued at about $38,000. Luken Investment Analytics LLC acquired a new position in shares of NVIDIA during the 4th quarter valued at about $40,000. Lowe Wealth Advisors LLC acquired a new stake in NVIDIA during the 4th quarter worth approximately $46,000. Finally, LSV Asset Management acquired a new stake in NVIDIA during the 4th quarter worth approximately $54,000. Institutional investors and hedge funds own 65.27% of the company's stock.
NVIDIA Stock Performance
NVDA traded down $0.69 during trading hours on Wednesday, hitting $134.81. 290,644,109 shares of the stock were exchanged, compared to its average volume of 288,597,502. The stock has a 50-day simple moving average of $114.51 and a 200-day simple moving average of $126.60. NVIDIA Co. has a 12 month low of $86.62 and a 12 month high of $195.95. The stock has a market cap of $3.30 trillion, a price-to-earnings ratio of 53.05, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.
NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly 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%. During the same period last year, the firm earned $0.61 EPS. Analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the stock. Seaport Res Ptn raised shares of NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. Barclays dropped their target price on shares of 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 reissued a "hold" rating on shares of NVIDIA in a research report on Friday, May 23rd. Bank of America increased their target price on shares of NVIDIA from $150.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Finally, Stifel Nicolaus set a $180.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirty-three have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, NVIDIA has a consensus rating of "Moderate Buy" and a consensus price target of $167.53.
Check Out Our Latest Analysis on NVIDIA
Insider Buying and Selling 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 approximately $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 SEC, which can be accessed through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $525,600.00. Following the completion of the sale, the insider now owns 479,428 shares in the company, valued at $55,997,190.40. The trade was a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 147,147 shares of company stock worth $17,133,207. 4.17% of the stock is owned by insiders.
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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