Broadleaf Partners LLC decreased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 219,217 shares of the computer hardware maker's stock after selling 3,157 shares during the quarter. NVIDIA makes up about 6.9% of Broadleaf Partners LLC's investment portfolio, making the stock its biggest holding. Broadleaf Partners LLC's holdings in NVIDIA were worth $29,439,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. SOA Wealth Advisors LLC. lifted its stake in 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 acquiring an additional 350 shares during the last quarter. Principal Financial Group Inc. lifted its stake in NVIDIA by 3.7% in the third quarter. Principal Financial Group Inc. now owns 35,627,274 shares of the computer hardware maker's stock valued at $4,326,576,000 after acquiring an additional 1,285,897 shares during the last quarter. Mark Sheptoff Financial Planning LLC lifted its stake in NVIDIA by 11.7% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 17,899 shares of the computer hardware maker's stock valued at $2,174,000 after acquiring an additional 1,869 shares during the last quarter. FSA Wealth Management LLC acquired a new stake in NVIDIA in the third quarter valued at $663,000. Finally, Royal Capital Wealth Management LLC lifted its stake in NVIDIA by 10.0% in the third quarter. Royal Capital Wealth Management LLC now owns 54,094 shares of the computer hardware maker's stock valued at $6,569,000 after acquiring an additional 4,913 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.
Insider Buying and Selling
In related news, CFO Colette Kress sold 66,660 shares of the business's stock in a transaction dated Friday, March 21st. The stock was 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. The trade was a 2.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John Dabiri sold 2,663 shares of the business's stock in a transaction dated Monday, March 10th. The shares were 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 owns 17,279 shares in the company, valued at $1,900,690. This represents a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on NVDA shares. Seaport Res Ptn raised shares of NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. DZ Bank raised shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. Summit Insights lowered shares of NVIDIA from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. KeyCorp set a $190.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, Bank of America increased their price objective on shares of NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday. One research 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 stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $164.84.
Check Out Our Latest Research Report on NVDA
NVIDIA Stock Performance
Shares of NASDAQ:NVDA traded up $0.57 during midday trading on Friday, reaching $135.40. The company had a trading volume of 221,859,039 shares, compared to its average volume of 294,990,945. The company's 50 day moving average price is $111.80 and its 200 day moving average price is $127.10. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The stock has a market cap of $3.31 trillion, a P/E ratio of 53.29, a P/E/G ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a 52-week low of $86.62 and a 52-week high of $195.95.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.05. The company had revenue of $39.33 billion for 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%. As a group, sell-side analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current fiscal year.
NVIDIA Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date was Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is currently 1.36%.
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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