Treasurer of the State of North Carolina increased its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,787,937 shares of the computer hardware maker's stock after buying an additional 63,472 shares during the quarter. NVIDIA comprises 5.6% of Treasurer of the State of North Carolina's portfolio, making the stock its 2nd largest position. Treasurer of the State of North Carolina's holdings in NVIDIA were worth $1,448,712,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. Hickory Point Bank & Trust acquired a new stake in NVIDIA during the fourth quarter valued at approximately $2,272,000. Capital Performance Advisors LLP boosted its holdings in NVIDIA by 59.3% in the fourth quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock worth $3,586,000 after purchasing an additional 9,944 shares during the period. Waddell & Associates LLC increased its stake in NVIDIA by 1.2% during the fourth quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker's stock valued at $3,240,000 after purchasing an additional 297 shares during the last quarter. Ethos Financial Group LLC raised its holdings in shares of NVIDIA by 24.1% during the fourth quarter. Ethos Financial Group LLC now owns 32,092 shares of the computer hardware maker's stock worth $4,312,000 after purchasing an additional 6,241 shares during the period. Finally, Metis Global Partners LLC lifted its position in shares of NVIDIA by 3.6% in the 4th quarter. Metis Global Partners LLC now owns 1,464,826 shares of the computer hardware maker's stock worth $196,711,000 after buying an additional 50,978 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts have recently weighed in on NVDA shares. Truist Financial increased their price target on NVIDIA from $204.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Susquehanna reissued a "positive" rating and set a $180.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Piper Sandler reiterated an "overweight" rating on shares of NVIDIA in a research report on Friday, April 25th. Seaport Res Ptn upgraded shares of NVIDIA to a "strong sell" rating in a research note on Wednesday, April 30th. Finally, Tigress Financial reissued a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $164.96.
Get Our Latest Stock Report on NVDA
NVIDIA Stock Performance
Shares of NVDA stock traded down $0.72 during trading on Friday, reaching $116.65. The company had a trading volume of 132,620,250 shares, compared to its average volume of 296,326,827. The company has a market capitalization of $2.85 trillion, a PE ratio of 45.91, a PEG ratio of 1.76 and a beta of 2.11. 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's 50 day simple moving average is $110.29 and its two-hundred day simple moving average is $127.28. NVIDIA Co. has a one year low of $86.62 and a one year high of $195.95.
NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.05. The business had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. Sell-side analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.
NVIDIA Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA's dividend payout ratio is presently 1.36%.
Insider Activity at NVIDIA
In other NVIDIA news, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the sale, the director now directly owns 17,279 shares in the company, valued at $1,900,690. This trade represents a 13.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Colette Kress sold 66,660 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the sale, the chief financial officer now owns 3,085,765 shares of the company's stock, valued at approximately $360,509,924.95. The trade was a 2.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock worth $17,133,207 in the last 90 days. 4.23% of the stock is owned by company insiders.
NVIDIA 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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