Sierra Capital LLC raised its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 10.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,554 shares of the computer hardware maker's stock after purchasing an additional 2,695 shares during the period. Sierra Capital LLC's holdings in NVIDIA were worth $3,834,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of NVDA. AMF Tjanstepension AB lifted its holdings in NVIDIA by 2.2% in the 3rd quarter. AMF Tjanstepension AB now owns 8,039,712 shares of the computer hardware maker's stock valued at $976,348,000 after purchasing an additional 169,445 shares in the last quarter. Wealth Group Ltd. raised its position in shares of NVIDIA by 5.0% in the third quarter. Wealth Group Ltd. now owns 5,602 shares of the computer hardware maker's stock valued at $680,000 after buying an additional 265 shares during the last quarter. SOA Wealth Advisors LLC. raised its position in shares of NVIDIA by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker's stock valued at $14,650,000 after buying an additional 350 shares during the last quarter. Swedbank AB lifted its stake in shares of NVIDIA by 4.8% during the third quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker's stock valued at $4,965,526,000 after buying an additional 1,868,358 shares during the period. Finally, Sterling Financial Group Inc. boosted its position in NVIDIA by 1.9% during the third quarter. Sterling Financial Group Inc. now owns 15,225 shares of the computer hardware maker's stock worth $1,849,000 after acquiring an additional 285 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
NVDA has been the topic of a number of recent analyst reports. Rosenblatt Securities reissued a "buy" rating and set a $220.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Barclays lifted their price target on NVIDIA from $160.00 to $175.00 and gave the company an "overweight" rating in a report on Friday, January 17th. Summit Insights lowered shares of NVIDIA from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. KeyCorp set a $190.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, Wedbush reaffirmed an "outperform" rating and set a $175.00 price target on shares of NVIDIA in a research report on Thursday, February 20th. Five analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and an average target price of $169.89.
Check Out Our Latest Stock Report on NVDA
Insider Activity at NVIDIA
In other news, Director John Dabiri sold 2,663 shares of the business'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 completion of the sale, the director now directly owns 17,279 shares in the company, valued at approximately $1,900,690. The trade was a 13.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 66,660 shares of the company's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the sale, the chief financial officer now directly owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. This represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 183,609 shares of company stock valued at $22,642,615 over the last three months. 4.23% of the stock is owned by insiders.
NVIDIA Stock Down 7.4 %
Shares of NVDA traded down $7.49 during trading on Friday, reaching $94.31. The company's stock had a trading volume of 529,399,816 shares, compared to its average volume of 313,153,458. The company has a market cap of $2.30 trillion, a price-to-earnings ratio of 37.12, a P/E/G ratio of 1.76 and a beta of 1.96. 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 company has a fifty day moving average of $121.20 and a two-hundred day moving average of $130.96. NVIDIA Co. has a twelve month low of $75.61 and a twelve month high of $195.95.
NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. The firm had revenue of $39.33 billion for the quarter, compared to analysts' expectations of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. On average, sell-side analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.
NVIDIA Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were paid a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. NVIDIA's dividend payout ratio (DPR) is 1.36%.
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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