22 hours Ago By ABMN Staff
DMKC Advisory Services LLC bought a new position in shares of NVIDIA Co. ( NASDAQ:NVDA – Free Report ) during the fourth quarter, HoldingsChannel.com reports.
The firm bought 3,030 shares of the computer hardware maker’s stock, valued at approximately $407,000. Several other large investors have also added to or reduced their stakes in NVDA. Geode Capital Management LLC lifted its stake in shares of NVIDIA by 2.
2% during the 3rd quarter. Geode Capital Management LLC now owns 546,079,492 shares of the computer hardware maker’s stock valued at $66,101,133,000 after buying an additional 11,525,969 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in NVIDIA by 3.
8% during the third 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 period. Charles Schwab Investment Management Inc.
lifted its position in shares of NVIDIA by 1.4% in the third quarter. Charles Schwab Investment Management Inc.
now owns 146,069,090 shares of the computer hardware maker’s stock valued at $17,738,630,000 after acquiring an additional 2,042,348 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of NVIDIA by 3.5% in the third quarter.
Fisher Asset Management LLC now owns 96,720,707 shares of the computer hardware maker’s stock valued at $11,745,763,000 after acquiring an additional 3,283,380 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of NVIDIA by 0.
3% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 63,615,639 shares of the computer hardware maker’s stock worth $8,542,944,000 after acquiring an additional 186,761 shares during the period.
Hedge funds and other institutional investors own 65.27% of the company’s stock. Wall Street Analysts Forecast Growth A number of research analysts recently commented on the company.
Cantor Fitzgerald reissued an “overweight” rating and issued a $200.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. DA Davidson reduced their price objective on shares of NVIDIA from $135.
00 to $125.00 and set a “neutral” rating on the stock in a research report on Thursday, March 20th. Stifel Nicolaus set a $180.
00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. HSBC reduced their price target on shares of NVIDIA from $195.00 to $185.
00 and set a “buy” rating on the stock in a report on Monday, January 13th. Finally, Morgan Stanley set a $162.00 price objective on shares of NVIDIA and gave the company an “overweight” rating in a report on Wednesday, March 19th.
Four investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $171.
51. Insider Activity In related news, EVP Ajay K. Puri sold 36,462 shares of NVIDIA stock in a transaction that occurred on Monday, January 6th.
The shares were sold at an average price of $151.10, for a total transaction of $5,509,408.20.
Following the transaction, the executive vice president now directly owns 3,902,888 shares of the company’s stock, valued at $589,726,376.80. This trade represents a 0.
93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link . Also, Director John Dabiri sold 2,663 shares of the company’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 sale, the director now owns 17,279 shares of the company’s stock, valued at approximately $1,900,690. This represents a 13.35 % decrease in their position.
The disclosure for this sale can be found here . Over the last 90 days, insiders have sold 183,609 shares of company stock worth $22,642,615. Company insiders own 4.
23% of the company’s stock. NVIDIA Trading Up 1.6 % NVDA stock opened at $110.
15 on Wednesday. The company has a market capitalization of $2.69 trillion, a PE ratio of 43.
35, a P/E/G ratio of 1.76 and a beta of 1.77.
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 Co. has a 12 month low of $75.
61 and a 12 month high of $195.95. The firm’s 50-day moving average is $123.
81 and its 200 day moving average is $131.47. 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 for the quarter, beating 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 the consensus estimate of $38.
16 billion. On average, research analysts anticipate that NVIDIA Co. will post 2.
77 EPS for the current year. NVIDIA Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.
01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.
04%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA’s payout ratio is 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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