Agur Provident & Training Funds Management Ltd. lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 399.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 68,250 shares of the computer hardware maker's stock after purchasing an additional 54,585 shares during the quarter. NVIDIA comprises about 3.5% of Agur Provident & Training Funds Management Ltd.'s investment portfolio, making the stock its 5th largest position. Agur Provident & Training Funds Management Ltd.'s holdings in NVIDIA were worth $9,165,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Broadway Wealth Solutions Inc. acquired a new stake in shares of NVIDIA in the fourth quarter worth approximately $1,746,000. Boussard & Gavaudan Investment Management LLP boosted its holdings in shares of NVIDIA by 171.0% in the 4th quarter. Boussard & Gavaudan Investment Management LLP now owns 394,502 shares of the computer hardware maker's stock valued at $54,240,000 after purchasing an additional 248,946 shares during the last quarter. Covington Investment Advisors Inc. grew its stake in shares of NVIDIA by 6.6% during the 4th quarter. Covington Investment Advisors Inc. now owns 188,560 shares of the computer hardware maker's stock valued at $25,322,000 after buying an additional 11,665 shares during the period. Hippocratic Financial Advisors LLC purchased a new position in shares of NVIDIA in the 4th quarter worth $404,000. Finally, Norges Bank acquired a new position in NVIDIA in the fourth quarter valued at $43,515,504,000. 65.27% of the stock is owned by institutional investors and hedge funds.
NVIDIA Trading Up 2.5 %
NASDAQ NVDA traded up $2.69 on Thursday, hitting $111.61. 234,728,400 shares of the company were exchanged, compared to its average volume of 301,570,144. The company's 50 day moving average price is $111.47 and its 200-day moving average price is $128.49. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The firm has a market capitalization of $2.72 trillion, a P/E ratio of 43.92, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a twelve month low of $83.20 and a twelve month high of $195.95.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $39.33 billion for the quarter, compared to analysts' expectations of $38.16 billion. Analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.
NVIDIA Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were paid a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.04%. NVIDIA's dividend payout ratio (DPR) is presently 1.36%.
Insider Activity at NVIDIA
In other news, Director Aarti S. Shah sold 20,000 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the completion of the transaction, the director now directly owns 53,208 shares in the company, valued at $6,300,891.36. The trade was a 27.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Dabiri sold 2,663 shares of the company's stock in a transaction that occurred 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 transaction, the director now owns 17,279 shares of the company's stock, valued at approximately $1,900,690. This trade represents a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
NVDA has been the subject of a number of research reports. KeyCorp set a $190.00 price target on NVIDIA in a research report on Wednesday, March 19th. Raymond James reissued a "strong-buy" rating on shares of NVIDIA in a research report on Wednesday, April 16th. Benchmark reissued a "buy" rating and set a $190.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. William Blair restated an "outperform" rating on shares of NVIDIA in a research note on Thursday, March 20th. Finally, DA Davidson reduced their price objective on NVIDIA from $125.00 to $120.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $164.96.
Read Our Latest Report on NVIDIA
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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