Foster & Motley Inc. grew its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 64.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,514 shares of the computer hardware maker's stock after acquiring an additional 8,852 shares during the period. Foster & Motley Inc.'s holdings in NVIDIA were worth $4,199,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in the stock. Bright Rock Capital Management LLC acquired a new position in NVIDIA during the 4th quarter worth $7,460,000. Parkwoods Wealth Partners LLC boosted its holdings in shares of NVIDIA by 86.3% in the 4th quarter. Parkwoods Wealth Partners LLC now owns 6,573 shares of the computer hardware maker's stock valued at $1,226,000 after buying an additional 3,044 shares during the period. Stewardship Advisors LLC boosted its holdings in shares of NVIDIA by 15.8% in the 4th quarter. Stewardship Advisors LLC now owns 10,054 shares of the computer hardware maker's stock valued at $1,875,000 after buying an additional 1,371 shares during the period. 25 LLC boosted its holdings in shares of NVIDIA by 3.6% in the 4th quarter. 25 LLC now owns 9,749 shares of the computer hardware maker's stock valued at $1,818,000 after buying an additional 341 shares during the period. Finally, Professional Financial Advisors LLC boosted its holdings in shares of NVIDIA by 3.1% in the 4th quarter. Professional Financial Advisors LLC now owns 2,877 shares of the computer hardware maker's stock valued at $537,000 after buying an additional 87 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.
NVIDIA Stock Up 1.0%
NVDA stock opened at $183.91 on Friday. NVIDIA Corporation has a 52 week low of $95.04 and a 52 week high of $212.19. The company has a market capitalization of $4.47 trillion, a price-to-earnings ratio of 37.53, a price-to-earnings-growth ratio of 0.60 and a beta of 2.34. The firm's 50-day moving average is $181.67 and its two-hundred day moving average is $184.33. The company has a current ratio of 3.91, a quick ratio of 3.24 and a debt-to-equity ratio of 0.05.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 EPS for the quarter, topping analysts' consensus estimates of $1.54 by $0.08. NVIDIA had a net margin of 55.60% and a return on equity of 97.37%. The company had revenue of $68.13 billion for the quarter, compared to the consensus estimate of $65.56 billion. During the same period in the previous year, the firm earned $0.89 EPS. NVIDIA's revenue was up 73.2% on a year-over-year basis. On average, analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.
NVIDIA Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend was Wednesday, March 11th. NVIDIA's dividend payout ratio (DPR) is 0.82%.
Analysts Set New Price Targets
Several research firms have recently commented on NVDA. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $250.00 price target on shares of NVIDIA in a report on Tuesday, March 17th. Barclays reaffirmed a "buy" rating on shares of NVIDIA in a report on Thursday, February 26th. Wells Fargo & Company reaffirmed an "overweight" rating on shares of NVIDIA in a report on Monday, December 29th. Zacks Research raised shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 25th. Finally, Stifel Nicolaus set a $250.00 price target on shares of NVIDIA in a report on Thursday, January 8th. Four analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $275.25.
Read Our Latest Research Report on NVDA
Insider Transactions at NVIDIA
In related news, Director Mark A. Stevens sold 221,682 shares of the business's stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $173.68, for a total transaction of $38,501,729.76. Following the transaction, the director directly owned 7,399,771 shares of the company's stock, valued at approximately $1,285,192,227.28. The trade was a 2.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Colette Kress sold 42,650 shares of the business's stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $174.89, for a total transaction of $7,459,058.50. Following the transaction, the chief financial officer directly owned 881,387 shares in the company, valued at $154,145,772.43. The trade was a 4.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,201,616 shares of company stock valued at $215,991,407 over the last ninety days. Corporate insiders own 4.17% of the company's stock.
Trending Headlines about NVIDIA
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NVIDIA Company Profile
(
Free Report)
NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.
The company's product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.
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