Resolute Advisors LLC boosted its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 91.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,807 shares of the computer hardware maker's stock after acquiring an additional 15,703 shares during the period. NVIDIA accounts for 0.9% of Resolute Advisors LLC's portfolio, making the stock its 12th largest position. Resolute Advisors LLC's holdings in NVIDIA were worth $4,406,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in shares of NVIDIA by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker's stock worth $74,439,273,000 after purchasing an additional 9,468,786 shares during the period. Norges Bank acquired a new position in shares of NVIDIA during the 4th quarter worth about $43,515,504,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of NVIDIA by 3.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 180,403,789 shares of the computer hardware maker's stock valued at $21,908,236,000 after acquiring an additional 6,526,200 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of NVIDIA by 3.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 151,280,130 shares of the computer hardware maker's stock valued at $20,315,409,000 after acquiring an additional 5,211,040 shares during the period. Finally, Amundi boosted its stake in NVIDIA by 12.9% during the 4th quarter. Amundi now owns 117,036,612 shares of the computer hardware maker's stock worth $16,394,224,000 after acquiring an additional 13,406,054 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research firms have weighed in on NVDA. TD Cowen cut their target price on shares of NVIDIA from $175.00 to $140.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. HSBC downgraded NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective on the stock. in a research note on Thursday, April 3rd. Barclays decreased their target price on NVIDIA from $175.00 to $155.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Tigress Financial reaffirmed a "buy" rating on shares of NVIDIA in a research report on Wednesday, February 26th. Finally, Morgan Stanley lowered their target price on NVIDIA from $162.00 to $160.00 and set an "overweight" rating for the company in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $164.96.
View Our Latest Stock Report on NVDA
NVIDIA Trading Down 0.6 %
Shares of NASDAQ:NVDA opened at $113.82 on Tuesday. The stock has a market cap of $2.78 trillion, a PE ratio of 44.79, a P/E/G ratio of 1.76 and a beta of 2.11. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 12-month low of $86.62 and a 12-month high of $195.95. The business has a 50 day moving average of $110.50 and a 200-day moving average of $127.91.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. As a group, equities research analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.
NVIDIA Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date was Wednesday, March 12th. NVIDIA's dividend payout ratio is currently 1.36%.
Insiders Place Their Bets
In other news, Director Robert K. Burgess sold 53,324 shares of the company's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the completion of the sale, the director now directly owns 251,044 shares in the company, valued at approximately $28,993,071.56. This represents a 17.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction 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 transaction, the director now owns 17,279 shares in the company, valued at $1,900,690. The trade was a 13.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock worth $17,133,207 in the last quarter. Corporate insiders own 4.23% of the company's stock.
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.
Further Reading
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