GTS Securities LLC reduced its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 39.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 394,002 shares of the computer hardware maker's stock after selling 252,516 shares during the period. NVIDIA makes up 2.6% of GTS Securities LLC's portfolio, making the stock its 2nd biggest holding. GTS Securities LLC's holdings in NVIDIA were worth $52,911,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. FMR LLC boosted its stake in NVIDIA by 0.7% in the fourth quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock worth $134,877,735,000 after buying an additional 6,665,252 shares in the last quarter. Geode Capital Management LLC raised 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 valued at $74,439,273,000 after buying an additional 9,468,786 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in NVIDIA by 0.9% in 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 acquiring an additional 3,721,331 shares during the last quarter. Norges Bank purchased a new position in shares of NVIDIA in the fourth quarter valued at about $43,515,504,000. Finally, Northern Trust Corp raised its stake in shares of NVIDIA by 15.8% during the fourth quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock valued at $35,782,134,000 after acquiring an additional 36,266,817 shares during the last quarter. Institutional investors own 65.27% of the company's stock.
NVIDIA Trading Down 1.3%
Shares of NVDA stock traded down $1.81 during trading hours on Thursday, reaching $140.11. 177,110,531 shares of the stock were exchanged, compared to its average volume of 281,992,109. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $3.42 trillion, a price-to-earnings ratio of 55.15, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12. NVIDIA Co. has a 12-month low of $86.62 and a 12-month high of $195.95. The company's 50-day moving average price is $117.19 and its 200-day moving average price is $126.42.
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 for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter in the previous year, the business earned $0.61 EPS. The company's quarterly revenue was up 69.2% compared to the same quarter last year. As a group, equities analysts anticipate 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 will be paid on Thursday, July 3rd. Investors 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 dividend yield of 0.03%. The ex-dividend date is Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is currently 1.29%.
Insider Activity
In other NVIDIA news, Director Mark A. Stevens sold 935,000 shares of the firm's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total value of $131,760,200.00. Following the completion of the transaction, the director now owns 9,214,697 shares of the company's stock, valued at approximately $1,298,535,101.24. This trade represents a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert K. Burgess sold 53,324 shares of NVIDIA stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the sale, the director now owns 251,044 shares of the company's stock, valued at $28,993,071.56. The trade was a 17.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,257,983 shares of company stock worth $172,973,349. Corporate insiders own 4.17% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the company. Susquehanna reiterated a "positive" rating and issued a $180.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Stifel Nicolaus set a $180.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Summit Insights raised shares of NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. Morgan Stanley reiterated an "overweight" rating and set a $170.00 price target (up previously from $160.00) on shares of NVIDIA in a research report on Thursday, May 29th. Finally, Piper Sandler restated an "overweight" rating and issued a $180.00 price objective (up from $150.00) on shares of NVIDIA in a report on Wednesday, May 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-six have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $171.66.
Check Out Our Latest Analysis on NVDA
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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