22 hours Ago By Defense World Staff
Daner Wealth Management LLC bought a new position in shares of NVIDIA Co. ( NASDAQ:NVDA – Free Report ) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,182 shares of the computer hardware maker’s stock, valued at approximately $397,000.
Several other institutional investors have also recently made changes to their positions in NVDA. Legend Financial Advisors Inc. purchased a new position in NVIDIA during the 4th quarter valued at about $34,000.
Luken Investment Analytics LLC purchased a new position in shares of NVIDIA during the fourth quarter valued at approximately $40,000. Lowe Wealth Advisors LLC bought a new stake in shares of NVIDIA in the 4th quarter worth approximately $46,000. 1620 Investment Advisors Inc.
grew its stake in shares of NVIDIA by 145.9% in the 3rd quarter. 1620 Investment Advisors Inc.
now owns 418 shares of the computer hardware maker’s stock worth $51,000 after buying an additional 248 shares during the last quarter. Finally, Gleason Group Inc. increased its position in NVIDIA by 52.
9% during the 4th quarter. Gleason Group Inc. now owns 428 shares of the computer hardware maker’s stock valued at $58,000 after buying an additional 148 shares in the last quarter.
Institutional investors own 65.27% of the company’s stock. Wall Street Analysts Forecast Growth Several equities research analysts have commented on the company.
Wedbush reissued an “outperform” rating and issued a $175.00 target price on shares of NVIDIA in a report on Thursday, February 20th. Tigress Financial reiterated a “buy” rating on shares of NVIDIA in a research note on Wednesday, February 26th.
Morgan Stanley set a $162.00 price objective on shares of NVIDIA and gave the company an “overweight” rating in a research note on Wednesday, March 19th. DZ Bank raised shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th.
Finally, HSBC cut 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.
Four equities research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $171.51.
NVIDIA Stock Performance NVDA opened at $110.15 on Wednesday. The company has a 50 day simple moving average of $123.
81 and a two-hundred day simple moving average of $131.47. 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 firm has a market cap of $2.69 trillion, a P/E ratio of 43.35, a PEG ratio of 1.
76 and a beta of 1.77. NVIDIA Co.
has a 1-year low of $75.61 and a 1-year high of $195.95.
NVIDIA ( NASDAQ:NVDA – Get Free Report ) last issued its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.
84 by $0.05. The company had revenue of $39.
33 billion during the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a net margin of 55.
69% and a return on equity of 114.83%. Equities analysts forecast that NVIDIA Co.
will post 2.77 earnings per share for the current fiscal year. NVIDIA Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd.
Investors of record on Wednesday, March 12th will be given a dividend of $0.01 per share. This represents a $0.
04 annualized dividend and a dividend yield of 0.04%. The ex-dividend date of this dividend is Wednesday, March 12th.
NVIDIA’s dividend payout ratio is currently 1.36%. Insider Activity at NVIDIA In related news, Director John Dabiri sold 2,663 shares of the company’s stock in a transaction on Monday, March 10th.
The shares were sold at an average price of $110.00, for a total transaction of $292,930.00.
Following the completion of the transaction, the director now owns 17,279 shares in the company, valued at approximately $1,900,690. This represents a 13.35 % decrease in their ownership of the stock.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . Also, EVP Ajay K. Puri sold 36,462 shares of NVIDIA stock in a transaction 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 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 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 valued at $22,642,615.
4.23% of the stock is 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. See Also Five stocks we like better than NVIDIA What Investors Must Know About Over-the-Counter (OTC) Stocks D-Wave: Multiple Use Cases Emerge Following Quantum Supremacy How to Read Stock Charts for Beginners Amazon Falls Back to a Key Support Line: Here’s How to Play It What Does a Gap Up Mean in Stocks? How to Play the Gap Buffett Trims Equities, But Still Keeps Buying This Stock 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.
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