Sanders Morris Harris LLC lowered its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 2.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 191,821 shares of the computer hardware maker's stock after selling 3,880 shares during the quarter. NVIDIA comprises 3.3% of Sanders Morris Harris LLC's portfolio, making the stock its 6th biggest holding. Sanders Morris Harris LLC's holdings in NVIDIA were worth $21,070,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also modified their holdings of the company. FMR LLC boosted its holdings in shares of NVIDIA by 0.7% during the 4th quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock valued at $134,877,735,000 after purchasing an additional 6,665,252 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of NVIDIA by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker's stock worth $74,439,273,000 after buying an additional 9,468,786 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of NVIDIA by 0.9% in the fourth 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 buying an additional 3,721,331 shares in the last quarter. Norges Bank purchased a new position in NVIDIA during the 4th quarter valued at approximately $43,515,504,000. Finally, Northern Trust Corp grew its holdings in NVIDIA by 15.8% during the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock valued at $35,782,134,000 after buying an additional 36,266,817 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.
Insider Activity
In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the sale, the insider now owns 479,428 shares of the company's stock, valued at $55,997,190.40. This represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Aarti S. Shah sold 20,000 shares of the business's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the completion of the sale, the director now directly owns 53,208 shares in the company, valued at $6,300,891.36. This represents a 27.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,560,845 shares of company stock worth $360,351,849 in the last 90 days. Corporate insiders own 4.17% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the stock. Barclays reissued an "overweight" rating and issued a $170.00 target price (up from $155.00) on shares of NVIDIA in a report on Thursday, May 29th. DA Davidson boosted their target price on shares of NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a report on Thursday, May 29th. Tigress Financial reiterated a "buy" rating on shares of NVIDIA in a research report on Wednesday, February 26th. Benchmark restated a "buy" rating and set a $190.00 price target on shares of NVIDIA in a report on Thursday, May 29th. Finally, Seaport Res Ptn raised shares of NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-five have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $172.24.
View Our Latest Analysis on NVDA
NVIDIA Price Performance
Shares of NVDA traded up $2.17 during trading hours on Thursday, hitting $145.00. The stock had a trading volume of 161,506,082 shares, compared to its average volume of 276,827,751. The stock has a market capitalization of $3.54 trillion, a price-to-earnings ratio of 57.06, a P/E/G ratio of 1.76 and a beta of 2.12. The company's fifty day moving average is $120.91 and its two-hundred day moving average is $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA Co. has a 52 week low of $86.62 and a 52 week high of $153.13.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly 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 firm had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same period last year, the company earned $0.61 EPS. The company's revenue was up 69.2% compared to the same quarter last year. On average, analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.
NVIDIA Announces Dividend
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 paid a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA's payout ratio is 1.29%.
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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