22 hours Ago By ABMN Staff
Daner Wealth Management LLC purchased a new stake in shares of NVIDIA Co. ( NASDAQ:NVDA – Free Report ) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,182 shares of the computer hardware maker’s stock, valued at approximately $397,000.
A number of other hedge funds also recently bought and sold shares of NVDA. Legend Financial Advisors Inc. purchased a new position in shares of NVIDIA in the 4th quarter worth approximately $34,000.
Luken Investment Analytics LLC bought a new stake in NVIDIA in the fourth quarter worth $40,000. Lowe Wealth Advisors LLC purchased a new position in NVIDIA during the fourth quarter worth $46,000. 1620 Investment Advisors Inc.
increased its position in NVIDIA by 145.9% during the third quarter. 1620 Investment Advisors Inc.
now owns 418 shares of the computer hardware maker’s stock valued at $51,000 after acquiring an additional 248 shares during the last quarter. Finally, Gleason Group Inc. raised its stake in shares of NVIDIA by 52.
9% in the fourth quarter. Gleason Group Inc. now owns 428 shares of the computer hardware maker’s stock valued at $58,000 after acquiring an additional 148 shares during the period.
Hedge funds and other institutional investors own 65.27% of the company’s stock. Insiders Place Their Bets In other news, CFO Colette Kress sold 66,660 shares of the 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 sale, the chief financial officer now directly owns 3,085,765 shares of the company’s stock, valued at $360,509,924.95. This represents a 2.
11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link . Also, Director John Dabiri sold 2,663 shares of the firm’s stock in a transaction dated 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 owns 17,279 shares in the company, valued at $1,900,690. This trade represents a 13.35 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . In the last 90 days, insiders have sold 183,609 shares of company stock worth $22,642,615. Corporate insiders own 4.
23% of the company’s stock. Analyst Ratings Changes Read Our Latest Research Report on NVDA NVIDIA Trading Up 1.6 % Shares of NVIDIA stock opened at $110.
15 on Wednesday. The stock has a market cap of $2.69 trillion, a PE ratio of 43.
35, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77.
The firm has a fifty day moving average price of $123.81 and a 200 day moving average price of $131.47.
NVIDIA Co. has a 1 year low of $75.61 and a 1 year high of $195.
95. 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 released its quarterly earnings data on Wednesday, February 26th.
The computer hardware maker reported $0.89 earnings per share 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 business had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.
16 billion. Equities research analysts predict that NVIDIA Co. will post 2.
77 earnings per share for the current year. NVIDIA Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be 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 is Wednesday, March 12th. NVIDIA’s payout ratio is presently 1.
36%. 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.
See Also 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 ).
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