2 weeks Ago By ABMN Staff
Balentine LLC reduced its stake in shares of NVIDIA Co. ( NASDAQ:NVDA – Free Report ) by 52.5% in the fourth quarter, HoldingsChannel reports.
The institutional investor owned 24,462 shares of the computer hardware maker’s stock after selling 27,088 shares during the period. NVIDIA makes up about 0.1% of Balentine LLC’s holdings, making the stock its 25th largest holding.
Balentine LLC’s holdings in NVIDIA were worth $3,285,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Other institutional investors have also added to or reduced their stakes in the company. Hoertkorn Richard Charles lifted its position in shares of NVIDIA by 2.
0% during the third quarter. Hoertkorn Richard Charles now owns 3,490 shares of the computer hardware maker’s stock worth $424,000 after purchasing an additional 70 shares during the last quarter. DiNuzzo Private Wealth Inc.
lifted its position in shares of NVIDIA by 0.8% during the fourth quarter. DiNuzzo Private Wealth Inc.
now owns 8,612 shares of the computer hardware maker’s stock worth $1,157,000 after purchasing an additional 71 shares during the last quarter. Smart Portfolios LLC lifted its position in shares of NVIDIA by 2.7% during the third quarter.
Smart Portfolios LLC now owns 2,805 shares of the computer hardware maker’s stock worth $341,000 after purchasing an additional 75 shares during the last quarter. Palisade Asset Management LLC lifted its position in shares of NVIDIA by 0.5% during the third quarter.
Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker’s stock worth $1,866,000 after purchasing an additional 75 shares during the last quarter. Finally, Baker Boyer National Bank lifted its position in shares of NVIDIA by 3.3% during the fourth quarter.
Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker’s stock worth $323,000 after purchasing an additional 76 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.
NVIDIA Trading Up 5.3 % NVIDIA stock opened at $121.67 on Friday.
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 52 week low of $75.
61 and a 52 week high of $153.13. The company has a market capitalization of $2.
97 trillion, a price-to-earnings ratio of 47.88, a price-to-earnings-growth ratio of 1.76 and a beta of 1.
77. The stock has a 50-day moving average price of $129.26 and a 200 day moving average price of $131.
17. NVIDIA Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a dividend of $0.
01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.
03%. The ex-dividend date is Wednesday, March 12th. NVIDIA’s dividend payout ratio (DPR) is 1.
36%. Insider Buying and Selling In other NVIDIA 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 transaction, the director now directly owns 17,279 shares of the company’s stock, valued at approximately $1,900,690.
The trade was a 13.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link .
Also, EVP Ajay K. Puri sold 36,462 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $151.
10, for a total value of $5,509,408.20. Following the completion of the sale, the executive vice president now owns 3,902,888 shares in the company, valued at approximately $589,726,376.
80. This represents a 0.93 % decrease in their position.
The disclosure for this sale can be found here . Insiders sold 1,039,125 shares of company stock valued at $137,062,338 over the last quarter. 4.
23% of the stock is currently owned by company insiders. Analysts Set New Price Targets NVDA has been the topic of several research reports. DA Davidson restated a “neutral” rating and set a $135.
00 price target on shares of NVIDIA in a research note on Thursday, February 27th. Phillip Securities restated an “accumulate” rating and set a $160.00 price target (up previously from $155.
00) on shares of NVIDIA in a research note on Friday, November 22nd. Tigress Financial restated a “buy” rating on shares of NVIDIA in a research note on Wednesday, February 26th. Summit Insights lowered NVIDIA from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th.
Finally, Evercore ISI raised their price target on NVIDIA from $189.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st.
Four equities research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $171.51.
View Our Latest Report on NVDA 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. Read More Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for NVIDIA Co. ( NASDAQ:NVDA – Free Report ). Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.
com's FREE daily email newsletter ..
