Roundview Capital LLC raised its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 163,106 shares of the computer hardware maker's stock after acquiring an additional 2,612 shares during the period. NVIDIA makes up approximately 1.5% of Roundview Capital LLC's investment portfolio, making the stock its 12th largest position. Roundview Capital LLC's holdings in NVIDIA were worth $21,904,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in NVIDIA during the 4th quarter worth $43,515,504,000. Clear Street Derivatives LLC bought a new position in shares of NVIDIA in the third quarter worth $4,589,905,000. Proficio Capital Partners LLC increased its position in shares of NVIDIA by 14,641.2% in the fourth quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker's stock worth $4,656,682,000 after purchasing an additional 34,441,082 shares during the period. GQG Partners LLC lifted its position in NVIDIA by 132.3% during the fourth quarter. GQG Partners LLC now owns 25,697,930 shares of the computer hardware maker's stock worth $3,450,975,000 after purchasing an additional 14,636,057 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in NVIDIA by 26.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 65,827,070 shares of the computer hardware maker's stock valued at $8,840,117,000 after buying an additional 13,571,425 shares during the period. Institutional investors own 65.27% of the company's stock.
NVIDIA Stock Up 2.9 %
Shares of NVDA stock traded up $3.35 during trading hours on Wednesday, reaching $116.89. The company had a trading volume of 206,176,787 shares, compared to its average volume of 297,970,954. The business has a fifty day simple moving average of $110.21 and a 200-day simple moving average of $127.73. NVIDIA Co. has a 12 month low of $86.62 and a 12 month high of $195.95. The company has a market cap of $2.85 trillion, a price-to-earnings ratio of 46.00, a price-to-earnings-growth 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.
NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results 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. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. On average, research analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.
NVIDIA Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were issued a dividend of $0.01 per share. 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 0.03%. NVIDIA's dividend payout ratio (DPR) is currently 1.36%.
Analyst Ratings Changes
Several research firms recently issued reports on NVDA. Wedbush reiterated an "outperform" rating and set a $175.00 price target on shares of NVIDIA in a research report on Wednesday, April 16th. DZ Bank raised NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. Tigress Financial reiterated a "buy" rating on shares of NVIDIA in a research report on Wednesday, February 26th. Susquehanna restated a "positive" rating and issued a $180.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, HSBC downgraded shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective for the company. in a research note on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $164.96.
Get Our Latest Analysis on NVDA
Insider Buying and Selling at NVIDIA
In related news, CFO Colette Kress sold 66,660 shares of the firm's 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 in the company, valued at approximately $360,509,924.95. This trade represents a 2.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the business's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the transaction, the insider now owns 479,428 shares in the company, valued at approximately $55,997,190.40. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock worth $17,133,207 in the last quarter. 4.23% of the stock is currently 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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