Waycross Partners LLC cut its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 14.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 41,808 shares of the computer hardware maker's stock after selling 7,179 shares during the period. NVIDIA makes up 3.9% of Waycross Partners LLC's investment portfolio, making the stock its 6th biggest holding. Waycross Partners LLC's holdings in NVIDIA were worth $20,704,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Lodestar Private Asset Management LLC grew its position in NVIDIA by 1.0% during the 4th quarter. Lodestar Private Asset Management LLC now owns 1,652 shares of the computer hardware maker's stock worth $818,000 after acquiring an additional 17 shares during the last quarter. Campbell Newman Asset Management Inc. raised its holdings in shares of NVIDIA by 0.6% in the fourth quarter. Campbell Newman Asset Management Inc. now owns 2,991 shares of the computer hardware maker's stock valued at $1,481,000 after buying an additional 18 shares during the last quarter. Kraft Davis & Associates LLC lifted its position in NVIDIA by 0.6% during the 4th quarter. Kraft Davis & Associates LLC now owns 3,048 shares of the computer hardware maker's stock worth $1,509,000 after buying an additional 18 shares in the last quarter. IAG Wealth Partners LLC lifted its position in shares of NVIDIA by 4.4% during the fourth quarter. IAG Wealth Partners LLC now owns 430 shares of the computer hardware maker's stock worth $213,000 after purchasing an additional 18 shares in the last quarter. Finally, Aprio Wealth Management LLC lifted its holdings in NVIDIA by 1.8% during the 4th quarter. Aprio Wealth Management LLC now owns 1,056 shares of the computer hardware maker's stock worth $523,000 after buying an additional 19 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts have issued reports on NVDA shares. Mizuho upped their target price on shares of NVIDIA from $850.00 to $1,000.00 and gave the company a "buy" rating in a research report on Thursday, March 7th. Piper Sandler lifted their target price on shares of NVIDIA from $850.00 to $1,050.00 and gave the stock an "overweight" rating in a report on Wednesday, March 20th. Wedbush reiterated an "outperform" rating and set a $1,000.00 target price on shares of NVIDIA in a research report on Tuesday, March 19th. Wolfe Research raised their price target on NVIDIA from $630.00 to $900.00 and gave the stock an "outperform" rating in a research report on Thursday, February 22nd. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $1,100.00 price objective on shares of NVIDIA in a report on Tuesday, February 20th. Four analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, NVIDIA has an average rating of "Moderate Buy" and an average target price of $944.05.
Get Our Latest Research Report on NVDA
Insider Transactions at NVIDIA
In other news, Director Mark A. Stevens sold 22,700 shares of the business's stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the completion of the sale, the director now owns 1,052,133 shares in the company, valued at $925,845,476.01. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other NVIDIA news, Director Mark A. Stevens sold 5,000 shares of NVIDIA stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $800.74, for a total value of $4,003,700.00. Following the completion of the sale, the director now owns 1,119,583 shares in the company, valued at approximately $896,494,891.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the transaction, the director now owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The disclosure for this sale can be found here. In the last 90 days, insiders sold 61,278 shares of company stock worth $52,689,898. 3.99% of the stock is owned by insiders.
NVIDIA Stock Performance
Shares of NVDA traded down $16.65 during midday trading on Thursday, reaching $887.47. The stock had a trading volume of 37,622,191 shares, compared to its average volume of 50,954,535. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. The firm has a 50 day simple moving average of $874.91 and a 200-day simple moving average of $661.05. The firm has a market cap of $2.22 trillion, a PE ratio of 74.33, a P/E/G ratio of 1.27 and a beta of 1.75. NVIDIA Co. has a one year low of $280.46 and a one year high of $974.00.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. During the same quarter in the prior year, the company earned $0.65 earnings per share. The business's revenue for the quarter was up 265.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that NVIDIA Co. will post 22.55 EPS for the current year.
NVIDIA Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. The ex-dividend date of this dividend was Tuesday, March 5th. NVIDIA's payout ratio is presently 1.34%.
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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