Analog Century Management LP raised its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 783,001 shares of the computer hardware maker's stock after acquiring an additional 11,130 shares during the quarter. NVIDIA makes up about 7.0% of Analog Century Management LP's holdings, making the stock its biggest holding. Analog Century Management LP's holdings in NVIDIA were worth $105,149,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. DiNuzzo Private Wealth Inc. raised its position in NVIDIA by 0.8% in the 4th quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker's stock valued at $1,157,000 after purchasing an additional 71 shares during the last quarter. Baker Boyer National Bank raised its position in NVIDIA by 3.3% in the 4th quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker's stock valued at $323,000 after purchasing an additional 76 shares during the last quarter. Kwmg LLC raised its position in NVIDIA by 0.6% in the 4th quarter. Kwmg LLC now owns 13,067 shares of the computer hardware maker's stock valued at $1,755,000 after purchasing an additional 77 shares during the last quarter. SC&H Financial Advisors Inc. raised its position in NVIDIA by 1.6% in the 4th quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker's stock valued at $681,000 after purchasing an additional 80 shares during the last quarter. Finally, DecisionPoint Financial LLC raised its position in NVIDIA by 2.9% during the 4th quarter. DecisionPoint Financial LLC now owns 2,878 shares of the computer hardware maker's stock worth $386,000 after buying an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.
Insiders Place Their Bets
In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of the firm's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the sale, the director now directly owns 251,044 shares of the company's stock, valued at $28,993,071.56. This trade represents a 17.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Aarti S. Shah sold 20,000 shares of the firm's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the sale, the director now directly owns 53,208 shares in the company, valued at $6,300,891.36. This represents a 27.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 147,147 shares of company stock valued at $17,133,207 in the last ninety days. Insiders own 4.23% of the company's stock.
Wall Street Analyst Weigh In
NVDA has been the subject of a number of analyst reports. Morgan Stanley cut their price objective on shares of NVIDIA from $162.00 to $160.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Hsbc Global Res downgraded shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Rosenblatt Securities cut their price objective on shares of NVIDIA from $220.00 to $200.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Raymond James restated a "strong-buy" rating on shares of NVIDIA in a research report on Wednesday, April 16th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $200.00 price objective on shares of NVIDIA in a research report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $164.84.
View Our Latest Analysis on NVIDIA
NVIDIA Price Performance
NASDAQ NVDA traded up $1.03 during trading hours on Thursday, reaching $132.83. The company's stock had a trading volume of 186,692,456 shares, compared to its average volume of 292,029,724. The stock has a market cap of $3.25 trillion, a PE ratio of 52.27, a PEG ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a fifty-two week low of $86.62 and a fifty-two week high of $195.95. The company's 50-day moving average is $113.57 and its two-hundred day moving average is $126.99. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $39.33 billion for the quarter, compared to analysts' expectations of $38.16 billion. Analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.
NVIDIA Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were paid a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA's dividend payout ratio is currently 1.36%.
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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