4 days Ago By ABMN Staff
Gables Capital Management Inc. cut its stake in NVIDIA Co. ( NASDAQ:NVDA – Free Report ) by 1.
7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,335 shares of the computer hardware maker’s stock after selling 2,400 shares during the period. NVIDIA makes up approximately 8.
8% of Gables Capital Management Inc.’s investment portfolio, making the stock its biggest position. Gables Capital Management Inc.
’s holdings in NVIDIA were worth $18,308,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in shares of NVIDIA by 2.
2% in the 3rd quarter. Geode Capital Management LLC now owns 546,079,492 shares of the computer hardware maker’s stock worth $66,101,133,000 after buying an additional 11,525,969 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in NVIDIA by 3.
8% during the third 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 worth $21,908,236,000 after acquiring an additional 6,526,200 shares during the period. Charles Schwab Investment Management Inc.
raised its position in NVIDIA by 3.6% in the fourth quarter. Charles Schwab Investment Management Inc.
now owns 151,280,130 shares of the computer hardware maker’s stock worth $20,315,409,000 after acquiring an additional 5,211,040 shares in the last quarter. Amundi lifted its holdings in NVIDIA by 12.9% in the 4th quarter.
Amundi now owns 117,036,612 shares of the computer hardware maker’s stock valued at $16,394,224,000 after acquiring an additional 13,406,054 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its position in shares of NVIDIA by 1.7% during the 4th quarter.
Fisher Asset Management LLC now owns 98,339,379 shares of the computer hardware maker’s stock valued at $13,205,995,000 after purchasing an additional 1,618,672 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.
NVIDIA Stock Performance NVDA opened at $112.20 on Wednesday. The stock has a 50-day moving average of $118.
34 and a 200-day moving average of $130.20. 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 Co. has a 52-week low of $75.61 and a 52-week high of $195.
95. The company has a market cap of $2.74 trillion, a PE ratio of 44.
16, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96.
NVIDIA Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were issued a $0.01 dividend.
The ex-dividend date was Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.
04%. NVIDIA’s dividend payout ratio (DPR) is presently 1.36%.
Insiders Place Their Bets In other news, Director Aarti S. Shah sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $118.
42, for a total transaction of $2,368,400.00. Following the completion of the transaction, the director now directly owns 53,208 shares in the company, valued at $6,300,891.
36. The trade was a 27.32 % decrease in their ownership of the stock.
The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, insider Donald F. Robertson, Jr.
sold 4,500 shares of the firm’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.
00. Following the completion of the sale, the insider now owns 479,428 shares in the company, valued at approximately $55,997,190.40.
The trade was a 0.93 % 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.
Wall Street Analysts Forecast Growth Several analysts recently commented on NVDA shares. TD Cowen cut their target price on shares of NVIDIA from $175.00 to $140.
00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. DZ Bank raised NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. Benchmark reaffirmed a “buy” rating and set a $190.
00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Barclays upped their target price on NVIDIA from $160.00 to $175.
00 and gave the company an “overweight” rating in a report on Friday, January 17th. Finally, Mizuho cut their price objective on NVIDIA from $175.00 to $168.
00 and set an “outperform” rating on the stock in a report on Friday, March 14th. Six equities research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $168.
26. Read Our Latest Analysis 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.
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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