Leigh Baldwin & CO. LLC purchased a new position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 6,677,013 shares of the computer hardware maker's stock, valued at approximately $896,656,000. NVIDIA accounts for approximately 4.7% of Leigh Baldwin & CO. LLC's portfolio, making the stock its 5th biggest holding.
Several other institutional investors and hedge funds also recently made changes to their positions in NVDA. FMR LLC lifted its holdings in NVIDIA by 0.7% during the 4th quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock worth $134,877,735,000 after purchasing an additional 6,665,252 shares in the last quarter. Geode Capital Management LLC lifted its holdings in NVIDIA by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker's stock worth $74,439,273,000 after purchasing an additional 9,468,786 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in NVIDIA by 0.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker's stock worth $55,237,367,000 after purchasing an additional 3,721,331 shares in the last quarter. Norges Bank purchased a new stake in NVIDIA during the 4th quarter worth about $43,515,504,000. Finally, Northern Trust Corp lifted its holdings in NVIDIA by 15.8% during the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after purchasing an additional 36,266,817 shares in the last quarter. Institutional investors own 65.27% of the company's stock.
Insider Buying and Selling at NVIDIA
In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the business's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 value of $7,787,887.80. Following the completion of the transaction, the chief financial officer now owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. This represents a 2.11% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 147,147 shares of company stock worth $17,133,207. 4.17% of the stock is owned by insiders.
NVIDIA Stock Up 3.2%
Shares of NVDA traded up $4.38 on Thursday, reaching $139.19. The stock had a trading volume of 368,832,482 shares, compared to its average volume of 287,483,182. The firm has a market capitalization of $3.40 trillion, a price-to-earnings ratio of 54.78, 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 quick ratio of 3.64 and a current ratio of 4.10. The company has a 50-day simple moving average of $114.85 and a 200-day simple moving average of $126.66. NVIDIA Co. has a 12-month low of $86.62 and a 12-month high of $195.95.
NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The company had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm's quarterly revenue was up 69.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.61 EPS. Sell-side analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.
NVIDIA Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's payout ratio is 1.36%.
Analysts Set New Price Targets
A number of analysts recently issued reports on NVDA shares. Wedbush reissued an "outperform" rating on shares of NVIDIA in a report on Thursday. KeyCorp set a $190.00 price target on NVIDIA in a report on Wednesday, March 19th. Bank of America raised their price target on NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. UBS Group reissued a "buy" rating on shares of NVIDIA in a report on Friday, May 23rd. Finally, DA Davidson raised their price objective on NVIDIA from $120.00 to $135.00 and gave the company a "neutral" rating in a report on Thursday. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA has an average rating of "Moderate Buy" and a consensus target price of $171.66.
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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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