Parkwoods Wealth Partners LLC raised its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 86.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,573 shares of the computer hardware maker's stock after purchasing an additional 3,044 shares during the period. Parkwoods Wealth Partners LLC's holdings in NVIDIA were worth $1,226,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of NVDA. Brighton Jones LLC raised its position in NVIDIA by 12.4% during the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock valued at $43,631,000 after purchasing an additional 35,815 shares during the last quarter. Bank Pictet & Cie Europe AG grew its holdings in shares of NVIDIA by 1.0% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker's stock worth $315,100,000 after acquiring an additional 22,929 shares during the period. Highview Capital Management LLC DE grew its holdings in shares of NVIDIA by 6.7% during the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker's stock worth $7,842,000 after acquiring an additional 3,653 shares during the period. Hudson Value Partners LLC grew its holdings in shares of NVIDIA by 30.7% during the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker's stock worth $6,805,000 after acquiring an additional 11,900 shares during the period. Finally, Wealth Group Ltd. grew its holdings in shares of NVIDIA by 15.7% during the 1st quarter. Wealth Group Ltd. now owns 6,598 shares of the computer hardware maker's stock worth $715,000 after acquiring an additional 896 shares during the period. Institutional investors own 65.27% of the company's stock.
Insider Buying and Selling
In related news, CFO Colette Kress sold 42,650 shares of the firm's stock in a transaction on Friday, March 20th. The stock was sold at an average price of $174.89, for a total value of $7,459,058.50. Following the transaction, the chief financial officer directly owned 881,387 shares of the company's stock, valued at approximately $154,145,772.43. This trade represents a 4.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ajay K. Puri sold 300,000 shares of the firm's stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $182.25, for a total value of $54,675,000.00. Following the completion of the transaction, the executive vice president directly owned 3,018,547 shares in the company, valued at approximately $550,130,190.75. This represents a 9.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 1,201,616 shares of company stock valued at $215,991,407. 4.17% of the stock is owned by company insiders.
More NVIDIA News
Here are the key news stories impacting NVIDIA this week:
Wall Street Analyst Weigh In
A number of research analysts have weighed in on NVDA shares. Macquarie Infrastructure upgraded NVIDIA to an "outperform" rating in a report on Monday, December 29th. Itau BBA Securities reiterated a "market perform" rating on shares of NVIDIA in a report on Thursday, February 26th. Wedbush upped their price target on NVIDIA from $230.00 to $300.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 3rd. Bank of America upped their price target on NVIDIA from $275.00 to $300.00 and gave the stock a "buy" rating in a research note on Thursday, February 26th. Finally, The Goldman Sachs Group set a $250.00 price target on NVIDIA and gave the stock a "buy" rating in a research note on Wednesday, February 25th. Four research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $275.25.
Check Out Our Latest Report on NVDA
NVIDIA Stock Performance
NVDA stock opened at $183.91 on Friday. The company has a market cap of $4.47 trillion, a P/E ratio of 37.53, a price-to-earnings-growth ratio of 0.60 and a beta of 2.34. NVIDIA Corporation has a 1 year low of $95.04 and a 1 year high of $212.19. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.91 and a quick ratio of 3.24. The stock's fifty day moving average price is $181.67 and its 200-day moving average price is $184.33.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.54 by $0.08. The firm had revenue of $68.13 billion for the quarter, compared to the consensus estimate of $65.56 billion. NVIDIA had a return on equity of 97.37% and a net margin of 55.60%.The company's revenue for the quarter was up 73.2% on a year-over-year basis. During the same period last year, the business posted $0.89 EPS. On average, equities analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.
NVIDIA Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend was Wednesday, March 11th. NVIDIA's dividend payout ratio (DPR) is currently 0.82%.
NVIDIA Profile
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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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