22 hours Ago By Defense World Staff
DMKC Advisory Services LLC purchased a new position in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,030 shares of the computer hardware maker’s stock, valued at approximately $407,000.
Other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC boosted its position in NVIDIA by 2.2% during the third 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 during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in NVIDIA by 3.8% during the 3rd 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. grew its position in NVIDIA by 1.
4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 146,069,090 shares of the computer hardware maker’s stock worth $17,738,630,000 after acquiring an additional 2,042,348 shares during the last quarter.
Fisher Asset Management LLC increased its stake in NVIDIA by 3.5% in the 3rd quarter. Fisher Asset Management LLC now owns 96,720,707 shares of the computer hardware maker’s stock worth $11,745,763,000 after purchasing an additional 3,283,380 shares during the period.
Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in 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 valued at $8,542,944,000 after purchasing an additional 186,761 shares during the last quarter. Hedge funds and other institutional investors own 65.
27% of the company’s stock. NVIDIA Price PerformanceNVDA opened at $110.15 on Wednesday.
The company’s 50-day simple moving average is $123.81 and its two-hundred day simple moving average is $131.47.
NVIDIA Co. has a 52-week low of $75.61 and a 52-week high of $195.
95. The stock has a market capitalization of $2.69 trillion, a P/E 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 quick ratio of 3.64 and a current ratio of 4.
10. NVIDIA (NASDAQ:NVDA – Get Free Report) last issued 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 net margin of 55.69% and a return on equity of 114.83%.
The company had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion.
As a group, analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.
NVIDIA Announces DividendThe company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a $0.01 dividend.
This represents a $0.04 annualized dividend and a dividend yield of 0.04%.
The ex-dividend date is Wednesday, March 12th. NVIDIA’s payout ratio is currently 1.36%.
Wall Street Analysts Forecast GrowthA number of equities research analysts recently commented on the stock. Summit Insights lowered shares of NVIDIA from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. DZ Bank raised shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th.
William Blair reissued an “outperform” rating on shares of NVIDIA in a research note on Thursday, March 20th. Rosenblatt Securities reaffirmed a “buy” rating and set a $220.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th.
Finally, Barclays lifted their price objective on NVIDIA from $160.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th.
Four investment analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.
51.Check Out Our Latest Research Report on NVIDIAInsider Activity at NVIDIAIn other news, CFO Colette Kress sold 66,660 shares of the company’s 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 completion of the sale, the chief financial officer now 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction that occurred on Monday, January 6th.
The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20.
Following the completion of the transaction, the executive vice president now owns 3,902,888 shares in the company, valued at $589,726,376.80. This trade represents a 0.
93 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 183,609 shares of company stock worth $22,642,615.
4.23% of the stock is owned by 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.Recommended StoriesFive stocks we like better than NVIDIA3 Stocks to Protect Your Portfolio from the Coronavirus Contagion D-Wave: Multiple Use Cases Emerge Following Quantum SupremacyHow to buy stock: A step-by-step guide for beginners Amazon Falls Back to a Key Support Line: Here’s How to Play ItWhat is diluted earnings per share (Diluted EPS)?Buffett Trims Equities, But Still Keeps Buying This Stock.
