Whelan Financial increased its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 61.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,374 shares of the computer hardware maker's stock after acquiring an additional 10,035 shares during the period. NVIDIA comprises approximately 1.4% of Whelan Financial's investment portfolio, making the stock its 11th largest holding. Whelan Financial's holdings in NVIDIA were worth $3,542,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Woodline Partners LP lifted its stake in NVIDIA by 4,358.5% in the fourth quarter. Woodline Partners LP now owns 1,612,341 shares of the computer hardware maker's stock valued at $216,521,000 after acquiring an additional 1,576,178 shares during the last quarter. Zurich Insurance Group Ltd FI lifted its stake in NVIDIA by 1.1% in the 4th quarter. Zurich Insurance Group Ltd FI now owns 5,389,502 shares of the computer hardware maker's stock valued at $723,756,000 after purchasing an additional 57,564 shares during the last quarter. Victrix Investment Advisors bought a new position in NVIDIA during the fourth quarter worth about $11,284,000. Sone Capital Management LLC acquired a new position in NVIDIA during the fourth quarter worth approximately $1,670,000. Finally, Vident Advisory LLC raised its stake in NVIDIA by 15.5% in the fourth quarter. Vident Advisory LLC now owns 972,264 shares of the computer hardware maker's stock valued at $130,566,000 after buying an additional 130,330 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, Director Robert K. Burgess sold 53,324 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total value of $6,158,388.76. Following the sale, the director now directly owns 251,044 shares in the company, valued at $28,993,071.56. This represents a 17.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John Dabiri sold 2,663 shares of the 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 sale, the director now directly owns 17,279 shares of the company's stock, valued at $1,900,690. This represents a 13.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 197,147 shares of company stock valued at $23,874,207 in the last three months. Insiders own 4.17% of the company's stock.
NVIDIA Trading Up 0.0%
Shares of NVDA stock traded up $0.03 during mid-day trading on Wednesday, reaching $141.25. 77,493,574 shares of the stock traded hands, compared to its average volume of 282,503,010. The company has a market cap of $3.45 trillion, a price-to-earnings ratio of 55.64, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12. 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 stock's fifty day simple moving average is $116.54 and its two-hundred day simple moving average is $126.31. 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 posted 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 business had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same quarter in the prior year, the business earned $0.61 earnings per share. The firm's quarterly revenue was up 69.2% on a year-over-year basis. On average, research analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current fiscal year.
NVIDIA Dividend Announcement
The business 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 $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%.
Wall Street Analyst Weigh In
Several research analysts have recently commented on NVDA shares. Tigress Financial reiterated a "buy" rating on shares of NVIDIA in a research note on Wednesday, February 26th. TD Cowen upped their price objective on shares of NVIDIA from $140.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, May 29th. Cantor Fitzgerald reissued an "overweight" rating and issued a $200.00 price objective on shares of NVIDIA in a research report on Wednesday, April 16th. Susquehanna reaffirmed a "positive" rating and set a $180.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Finally, Wedbush reissued an "outperform" rating on shares of NVIDIA in a report on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and an average target price of $171.66.
Read Our Latest Stock Analysis on NVDA
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.
See Also
Before you consider NVIDIA, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NVIDIA wasn't on the list.
While NVIDIA currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
