Teza Capital Management LLC cut its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 41.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,048 shares of the computer hardware maker's stock after selling 12,873 shares during the period. Teza Capital Management LLC's holdings in NVIDIA were worth $2,424,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in NVDA. Regent Peak Wealth Advisors LLC lifted its stake in NVIDIA by 0.4% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 81,833 shares of the computer hardware maker's stock worth $10,989,000 after purchasing an additional 322 shares in the last quarter. Wealth Group Ltd. grew its position in NVIDIA by 1.8% in the 4th quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock valued at $766,000 after acquiring an additional 100 shares in the last quarter. Gleason Group Inc. increased its stake in NVIDIA by 52.9% during the 4th quarter. Gleason Group Inc. now owns 428 shares of the computer hardware maker's stock worth $58,000 after buying an additional 148 shares during the period. Professional Financial Advisors LLC purchased a new stake in shares of NVIDIA during the fourth quarter worth $210,000. Finally, Shira Ridge Wealth Management raised its position in NVIDIA by 16.9% in the 4th quarter. Shira Ridge Wealth Management now owns 6,330 shares of the computer hardware maker's stock valued at $850,000 after purchasing an additional 914 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on NVDA shares. HSBC cut shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective for the company. in a research report on Thursday, April 3rd. Raymond James lifted their target price on shares of NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a report on Thursday. Rosenblatt Securities boosted their price target on NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a research report on Thursday. William Blair reaffirmed an "outperform" rating on shares of NVIDIA in a research report on Thursday, March 20th. Finally, Summit Insights raised NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday. One investment 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $171.66.
Get Our Latest Stock Report on NVDA
Insider Buying and Selling at NVIDIA
In other NVIDIA news, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the sale, the director now directly owns 17,279 shares of the company's stock, valued at approximately $1,900,690. This trade represents a 13.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Colette Kress sold 66,660 shares of the 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 transaction, the chief financial officer now owns 3,085,765 shares in the company, valued at approximately $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. In the last three months, insiders sold 147,147 shares of company stock worth $17,133,207. Insiders own 4.17% of the company's stock.
NVIDIA Price Performance
Shares of NVIDIA stock traded down $4.91 during trading on Friday, hitting $134.28. 332,224,842 shares of the company were exchanged, compared to its average volume of 284,499,573. NVIDIA Co. has a fifty-two week low of $86.62 and a fifty-two week high of $195.95. 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 firm has a 50 day moving average price of $115.48 and a 200 day moving average price of $126.52. The stock has a market capitalization of $3.28 trillion, a price-to-earnings ratio of 52.85, a P/E/G ratio of 1.76 and a beta of 2.11.
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 the consensus estimate of $0.87 by ($0.06). NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same period in the previous year, the firm posted $0.61 EPS. The company's revenue for the quarter was up 69.2% compared to the same quarter last year. On average, equities analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.
NVIDIA Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.
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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