Capitolis Liquid Global Markets LLC lifted its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 7.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,043,300 shares of the computer hardware maker's stock after buying an additional 406,000 shares during the period. NVIDIA comprises approximately 7.9% of Capitolis Liquid Global Markets LLC's portfolio, making the stock its biggest position. Capitolis Liquid Global Markets LLC's holdings in NVIDIA were worth $811,555,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC boosted its position in NVIDIA by 11.9% during the fourth quarter. GAMMA Investing LLC now owns 397,922 shares of the computer hardware maker's stock valued at $53,437,000 after purchasing an additional 42,213 shares during the last quarter. NRI Wealth Management LC acquired a new stake in NVIDIA during the fourth quarter valued at $12,207,000. Waller Financial Planning Group Inc. boosted its position in NVIDIA by 4.6% during the fourth quarter. Waller Financial Planning Group Inc. now owns 4,024 shares of the computer hardware maker's stock valued at $540,000 after purchasing an additional 177 shares during the last quarter. jvl associates llc boosted its position in NVIDIA by 1.0% during the fourth quarter. jvl associates llc now owns 10,652 shares of the computer hardware maker's stock valued at $1,430,000 after purchasing an additional 105 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position in NVIDIA by 15.3% during the fourth quarter. Nordea Investment Management AB now owns 34,432,573 shares of the computer hardware maker's stock valued at $4,703,145,000 after purchasing an additional 4,561,284 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.
Analyst Ratings Changes
A number of research firms recently issued reports on NVDA. Cantor Fitzgerald reissued an "overweight" rating and set a $200.00 price objective on shares of NVIDIA in a research report on Wednesday, April 16th. Barclays cut their target price on NVIDIA from $175.00 to $155.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Truist Financial raised their target price on NVIDIA from $204.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Tigress Financial restated a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. Finally, Benchmark restated a "buy" rating and set a $190.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirty-three have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $167.53.
Check Out Our Latest Report on NVIDIA
NVIDIA Trading Down 1.2%
Shares of NVDA opened at $131.29 on Friday. 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's 50-day moving average price is $113.89 and its 200 day moving average price is $126.81. The firm has a market capitalization of $3.21 trillion, a price-to-earnings ratio of 51.67, a P/E/G ratio of 1.76 and a beta of 2.11. 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 released its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. The company had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. As a group, research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.
NVIDIA Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued 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 was Wednesday, March 12th. NVIDIA's payout ratio is 1.36%.
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 that occurred 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 transaction, the insider now directly owns 479,428 shares of the company's stock, valued at $55,997,190.40. The trade was a 0.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Colette Kress sold 66,660 shares of the business's stock in a transaction that occurred 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 directly owns 3,085,765 shares in the company, valued at $360,509,924.95. The trade was a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 147,147 shares of company stock valued at $17,133,207. 4.17% of the stock is currently owned by corporate insiders.
About NVIDIA
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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.
Further Reading
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