US Asset Management LLC lessened its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 61,954 shares of the computer hardware maker's stock after selling 2,031 shares during the quarter. NVIDIA accounts for 7.5% of US Asset Management LLC's portfolio, making the stock its 2nd biggest holding. US Asset Management LLC's holdings in NVIDIA were worth $8,320,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Regent Peak Wealth Advisors LLC grew its holdings in 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 during the last quarter. Wealth Group Ltd. lifted its holdings in shares of NVIDIA by 1.8% in the 4th quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock worth $766,000 after buying an additional 100 shares during the period. Websterrogers Financial Advisors LLC increased its position in NVIDIA by 4.4% during the 4th quarter. Websterrogers Financial Advisors LLC now owns 2,021 shares of the computer hardware maker's stock valued at $271,000 after purchasing an additional 85 shares during the period. Redhawk Wealth Advisors Inc. lifted its stake in shares of NVIDIA by 1.2% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 126,877 shares of the computer hardware maker's stock worth $17,038,000 after purchasing an additional 1,444 shares during the last quarter. Finally, Sendero Wealth Management LLC grew its stake in NVIDIA by 3.6% in the fourth quarter. Sendero Wealth Management LLC now owns 141,294 shares of the computer hardware maker's stock valued at $18,974,000 after purchasing an additional 4,969 shares during the last quarter. Institutional investors own 65.27% of the company's stock.
Analyst Ratings Changes
A number of research analysts have issued reports on the stock. Tigress Financial reaffirmed a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. HSBC downgraded shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target on the stock. in a report on Thursday, April 3rd. Morgan Stanley reissued an "overweight" rating and issued a $170.00 price objective (up from $160.00) on shares of NVIDIA in a report on Thursday, May 29th. Mizuho increased their target price on NVIDIA from $168.00 to $170.00 and gave the company an "outperform" rating in a report on Thursday, May 29th. Finally, KeyCorp set a $190.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-six have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $171.66.
View Our Latest Stock Analysis on NVDA
Insiders Place Their Bets
In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the transaction, the insider now directly owns 479,428 shares of the company's stock, valued at approximately $55,997,190.40. The trade was a 0.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John Dabiri sold 2,663 shares of the business's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the sale, the director now owns 17,279 shares in the company, valued at approximately $1,900,690. The trade was a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,257,983 shares of company stock worth $172,973,349. 4.17% of the stock is owned by corporate insiders.
NVIDIA Stock Performance
Shares of NASDAQ NVDA traded down $1.81 during mid-day trading on Thursday, hitting $140.11. 177,110,531 shares of the company were exchanged, compared to its average volume of 281,992,109. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The firm has a market cap of $3.42 trillion, a price-to-earnings ratio of 55.15, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12. The stock has a 50 day simple moving average of $117.19 and a 200-day simple moving average of $126.42. NVIDIA Co. has a 1-year low of $86.62 and a 1-year high of $195.95.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same quarter last year, the business posted $0.61 EPS. The firm's revenue was up 69.2% on a year-over-year basis. On average, sell-side analysts forecast that NVIDIA Co. will post 2.77 EPS for the current fiscal year.
NVIDIA Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date is Wednesday, June 11th. NVIDIA's dividend payout ratio is presently 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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