Strategic Global Advisors LLC boosted its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 7.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 223,747 shares of the computer hardware maker's stock after purchasing an additional 14,787 shares during the quarter. NVIDIA makes up approximately 5.5% of Strategic Global Advisors LLC's holdings, making the stock its biggest position. Strategic Global Advisors LLC's holdings in NVIDIA were worth $30,047,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hickory Point Bank & Trust bought a new position in shares of NVIDIA during the 4th quarter valued at approximately $2,272,000. Capital Performance Advisors LLP boosted its position in shares of NVIDIA by 59.3% during the 4th quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock valued at $3,586,000 after acquiring an additional 9,944 shares during the last quarter. Waddell & Associates LLC raised its holdings in NVIDIA by 1.2% during the 4th quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker's stock valued at $3,240,000 after buying an additional 297 shares during the period. Strategy Asset Managers LLC raised its holdings in NVIDIA by 0.8% during the 4th quarter. Strategy Asset Managers LLC now owns 52,307 shares of the computer hardware maker's stock valued at $7,024,000 after buying an additional 405 shares during the period. Finally, Ethos Financial Group LLC raised its holdings in NVIDIA by 24.1% during the 4th quarter. Ethos Financial Group LLC now owns 32,092 shares of the computer hardware maker's stock valued at $4,312,000 after buying an additional 6,241 shares during the period. 65.27% of the stock is currently owned by institutional investors.
NVIDIA Stock Down 3.5%
NVDA traded down $4.91 on Friday, hitting $134.28. The company had a trading volume of 332,224,842 shares, compared to its average volume of 284,499,573. The stock has a fifty day moving average price of $115.48 and a 200-day moving average price of $126.38. NVIDIA Co. has a 12-month low of $86.62 and a 12-month high of $195.95. 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 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 posted its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) 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 company had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. During the same quarter last year, the firm earned $0.61 EPS. NVIDIA's revenue for the quarter was up 69.2% on a year-over-year basis. Analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.
NVIDIA Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be paid a $0.01 dividend. The ex-dividend date 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%.
Analyst Ratings Changes
NVDA has been the topic of several recent research reports. TD Cowen increased their price target on NVIDIA from $140.00 to $175.00 and gave the company a "buy" rating in a report on Thursday. Needham & Company LLC restated a "buy" rating and set a $160.00 price target on shares of NVIDIA in a report on Thursday. Susquehanna restated a "positive" rating and set a $180.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Rosenblatt Securities increased their price target on NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a report on Thursday. Finally, Piper Sandler restated an "overweight" rating and set a $180.00 price target (up previously from $150.00) on shares of NVIDIA in a report on Wednesday. One equities 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. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $171.66.
Check Out Our Latest Report on NVIDIA
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 completion of the sale, the director now owns 17,279 shares of the company's stock, valued at approximately $1,900,690. This trade represents a 13.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $2,368,400.00. Following the completion of the sale, the director now directly owns 53,208 shares of the company's stock, valued at approximately $6,300,891.36. This represents a 27.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,147 shares of company stock worth $17,133,207 over the last quarter. Insiders own 4.17% of the company's stock.
About NVIDIA
(
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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