4 days Ago By Defense World Staff
Cushing Capital Partners LLC acquired a new stake in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,187 shares of the computer hardware maker’s stock, valued at approximately $428,000.
Other large investors also recently bought and sold shares of the company. DiNuzzo Private Wealth Inc. boosted its stake in NVIDIA by 0.
8% in the fourth quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker’s stock valued at $1,157,000 after acquiring an additional 71 shares in the last quarter.
Smart Portfolios LLC lifted its holdings in shares of NVIDIA by 2.7% during the 3rd quarter. Smart Portfolios LLC now owns 2,805 shares of the computer hardware maker’s stock valued at $341,000 after purchasing an additional 75 shares during the last quarter.
Palisade Asset Management LLC lifted its holdings in shares of NVIDIA by 0.5% during the 3rd quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker’s stock valued at $1,866,000 after purchasing an additional 75 shares during the last quarter.
Baker Boyer National Bank boosted its position in shares of NVIDIA by 3.3% in the 4th 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 in the last quarter.
Finally, Kwmg LLC grew its stake in NVIDIA by 0.6% during the 4th quarter. Kwmg LLC now owns 13,067 shares of the computer hardware maker’s stock worth $1,755,000 after buying an additional 77 shares during the last quarter.
65.27% of the stock is currently owned by institutional investors. NVIDIA Stock Up 1.
3 %NASDAQ NVDA opened at $112.20 on Wednesday. NVIDIA Co.
has a fifty-two week low of $75.61 and a fifty-two week high of $195.95.
The business has a fifty day moving average price of $118.34 and a two-hundred day moving average price of $130.20.
The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.
64. The stock has a market capitalization of $2.74 trillion, a PE ratio of 44.
16, a PEG ratio of 1.76 and a beta of 1.96.
NVIDIA (NASDAQ:NVDA – Get Free Report) last released its quarterly earnings data 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. The business had revenue of $39.
33 billion for the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a return on equity of 114.
83% and a net margin of 55.69%. Equities analysts expect that NVIDIA Co.
will post 2.77 earnings per share for the current fiscal year. NVIDIA Dividend AnnouncementThe business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd.
Investors of record on Wednesday, March 12th were given a dividend of $0.01 per share. This represents a $0.
04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date of this dividend was Wednesday, March 12th.
NVIDIA’s dividend payout ratio is 1.36%. Insider Activity at NVIDIAIn other news, CFO Colette Kress sold 66,660 shares of the company’s stock in a transaction on 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 transaction, the chief financial officer now directly owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. This represents a 2.
11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Dabiri sold 2,663 shares of the firm’s stock in a transaction on Monday, March 10th.
The shares were sold at an average price of $110.00, for a total value of $292,930.00.
Following the sale, the director now directly owns 17,279 shares in the company, valued at approximately $1,900,690. This trade represents a 13.35 % decrease in their position.
The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock valued at $17,133,207 in the last quarter. Insiders own 4.
23% of the company’s stock. Analyst Ratings ChangesSeveral equities research analysts have recently commented on the stock. Hsbc Global Res downgraded shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 3rd.
Wedbush restated an “outperform” rating and issued a $175.00 target price on shares of NVIDIA in a research note on Thursday, February 20th. KeyCorp set a $190.
00 price target on NVIDIA in a research note on Wednesday, March 19th. Bank of America restated a “buy” rating and issued a $200.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th.
Finally, HSBC lowered NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 target price on the stock. in a research report on Thursday, April 3rd.
Six analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $168.
26.View Our Latest Report on NVIDIAAbout 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 ReadingFive stocks we like better than NVIDIA10 Best Airline Stocks to BuyBeware of BigBear.ai: Insiders Are Selling—Should You?Stock Market Holidays 2022-2025 – Here’s When the NYSE and NASDAQ Will be ClosedCrowdStrike Stock is a Buy as Cyberthreat Environment ExpandsBusiness Services Stocks InvestingCongress! Who Traded What During the Tariff-Induced Meltdown 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)..
