Greenwood Capital Associates LLC reduced its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 35.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,705 shares of the computer hardware maker's stock after selling 2,600 shares during the period. Greenwood Capital Associates LLC's holdings in NVIDIA were worth $510,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in NVDA. FMR LLC boosted its position in NVIDIA by 0.7% during 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 acquiring an additional 6,665,252 shares during the last quarter. Geode Capital Management LLC raised its holdings in NVIDIA by 1.7% in 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 acquiring an additional 9,468,786 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake 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 purchasing an additional 3,721,331 shares in the last quarter. Norges Bank purchased a new position in NVIDIA in the 4th quarter worth approximately $43,515,504,000. Finally, Northern Trust Corp boosted its holdings in shares of NVIDIA by 15.8% during the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after purchasing an additional 36,266,817 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.
Insider Activity at NVIDIA
In other NVIDIA news, Director A Brooke Seawell sold 54,467 shares of the stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $146.88, for a total value of $8,000,112.96. Following the sale, the director now owns 1,834,570 shares of the company's stock, valued at $269,461,641.60. This trade represents a 2.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jen Hsun Huang sold 50,000 shares of NVIDIA stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $143.81, for a total value of $7,190,500.00. Following the completion of the transaction, the chief executive officer now owns 75,673,225 shares of the company's stock, valued at $10,882,566,487.25. The trade was a 0.07% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,393,863 shares of company stock worth $483,709,832. Company insiders own 4.17% of the company's stock.
NVIDIA Stock Up 4.3%
Shares of NASDAQ:NVDA opened at $154.31 on Thursday. The firm's 50-day moving average is $128.75 and its two-hundred day moving average is $126.78. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $154.45. The firm has a market capitalization of $3.77 trillion, a PE ratio of 49.78, a price-to-earnings-growth ratio of 1.31 and a beta of 2.12.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The business had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same quarter last year, the company earned $0.61 earnings per share. NVIDIA's quarterly revenue was up 69.2% compared to the same quarter last year. Analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.
NVIDIA Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's payout ratio is currently 1.29%.
Analyst Ratings Changes
Several equities research analysts recently commented on the company. DZ Bank raised NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. Loop Capital upped their target price on NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday. Seaport Res Ptn raised NVIDIA to a "strong sell" rating in a research note on Wednesday, April 30th. Barclays lifted their price target on NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday, June 17th. Finally, TD Cowen boosted their price target on shares of NVIDIA from $140.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and a consensus target price of $175.78.
Read Our Latest Report on NVIDIA
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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