Pacific Point Advisors LLC bought a new stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,000 shares of the computer hardware maker's stock, valued at approximately $909,000.
A number of other large investors have also recently modified their holdings of NVDA. Regent Peak Wealth Advisors LLC boosted its stake in shares of NVIDIA by 0.4% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 81,833 shares of the computer hardware maker's stock valued at $10,989,000 after purchasing an additional 322 shares in the last quarter. Wealth Group Ltd. boosted its stake in NVIDIA by 1.8% during the fourth quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock worth $766,000 after acquiring an additional 100 shares in the last quarter. Mason & Associates Inc boosted its stake in NVIDIA by 5.4% during the fourth quarter. Mason & Associates Inc now owns 39,789 shares of the computer hardware maker's stock worth $5,343,000 after acquiring an additional 2,029 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in NVIDIA by 10.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 148,930 shares of the computer hardware maker's stock worth $20,000,000 after acquiring an additional 14,363 shares in the last quarter. Finally, IFS Advisors LLC boosted its stake in NVIDIA by 17.1% during the fourth quarter. IFS Advisors LLC now owns 1,060 shares of the computer hardware maker's stock worth $142,000 after acquiring an additional 155 shares in the last quarter. Institutional investors own 65.27% of the company's stock.
Wall Street Analysts Forecast Growth
NVDA has been the topic of several research reports. Susquehanna reissued a "positive" rating and set a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Cantor Fitzgerald reissued an "overweight" rating and set a $200.00 price objective on shares of NVIDIA in a research note on Wednesday, April 16th. William Blair reissued an "outperform" rating on shares of NVIDIA in a research note on Thursday, March 20th. Rosenblatt Securities boosted their price objective on shares of NVIDIA from $178.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $180.00 target price (up previously from $150.00) on shares of NVIDIA in a research note on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-six have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, NVIDIA has a consensus rating of "Moderate Buy" and a consensus price target of $171.66.
Get Our Latest Stock Analysis on NVDA
Insider Buying and Selling at NVIDIA
In other NVIDIA news, Director John Dabiri sold 2,663 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the sale, the director now directly owns 17,279 shares of the company's stock, valued at approximately $1,900,690. This represents a 13.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 935,000 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the sale, the director now directly owns 9,214,697 shares of the company's stock, valued at approximately $1,298,535,101.24. This represents a 9.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,257,983 shares of company stock valued at $172,973,349. Insiders own 4.17% of the company's stock.
NVIDIA Stock Performance
Shares of NVDA traded up $1.73 during mid-day trading on Friday, hitting $141.72. 153,523,162 shares of the company traded hands, compared to its average volume of 279,137,824. 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 50-day moving average price of $118.45 and a two-hundred day moving average price of $126.38. NVIDIA Co. has a 1 year low of $86.62 and a 1 year high of $195.95. The stock has a market cap of $3.46 trillion, a price-to-earnings ratio of 55.77, a P/E/G ratio of 1.76 and a beta of 2.12.
NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS 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 business had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. During the same period in the prior year, the company posted $0.61 earnings per share. The firm's quarterly revenue was up 69.2% on a year-over-year basis. Equities analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.
NVIDIA Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be issued a dividend of $0.01 per share. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA's dividend payout ratio is currently 1.29%.
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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