22 hours Ago By Defense World Staff
LGL Partners LLC cut its stake in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 9.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission.
The fund owned 9,904 shares of the computer hardware maker’s stock after selling 1,068 shares during the period. LGL Partners LLC’s holdings in NVIDIA were worth $1,330,000 as of its most recent filing with the Securities and Exchange Commission. A number of other large investors also recently modified their holdings of NVDA.
Clear Street Derivatives LLC acquired a new position in shares of NVIDIA during the third quarter valued at $4,589,905,000. Geode Capital Management LLC lifted its position in NVIDIA by 2.2% during the 3rd 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 purchasing an additional 11,525,969 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of NVIDIA by 3.8% in 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 purchasing an additional 6,526,200 shares during the last quarter. National Pension Service grew its position in shares of NVIDIA by 14.9% during the 3rd quarter.
National Pension Service now owns 47,220,708 shares of the computer hardware maker’s stock worth $5,734,483,000 after buying an additional 6,118,674 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of NVIDIA by 57.7% during the third quarter.
Healthcare of Ontario Pension Plan Trust Fund now owns 13,571,355 shares of the computer hardware maker’s stock worth $1,648,105,000 after buying an additional 4,965,442 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and SellingIn other NVIDIA news, 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 transaction, the executive vice president now directly owns 3,902,888 shares of the company’s stock, valued at $589,726,376.
80. The trade was a 0.93 % decrease in their ownership of the stock.
The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 completion of the transaction, the chief financial officer now directly owns 3,085,765 shares in the company, valued at $360,509,924.
95. The trade was a 2.11 % decrease in their ownership of the stock.
The disclosure for this sale can be found here. In the last three months, insiders have sold 183,609 shares of company stock valued at $22,642,615. 4.
23% of the stock is owned by insiders. NVIDIA Stock PerformanceShares of NVDA stock opened at $110.15 on Wednesday.
The company has a fifty day moving average price of $123.81 and a two-hundred day moving average price of $131.47.
NVIDIA Co. has a one year low of $75.61 and a one year high of $195.
95. The stock has a market cap 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 current ratio of 4.10 and a quick ratio of 3.
64. 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 (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05.
NVIDIA had a net margin of 55.69% and a return on equity of 114.83%.
The business had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion.
As a group, equities analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.
NVIDIA Dividend AnnouncementThe firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.01 per share.
The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.
04%. NVIDIA’s dividend payout ratio is currently 1.36%.
Analyst Upgrades and DowngradesA number of equities analysts have issued reports on NVDA shares. Bank of America reaffirmed a “buy” rating and issued a $200.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th.
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 research report on Monday, January 13th.
Truist Financial increased their target price on shares of NVIDIA from $204.00 to $205.00 and gave the stock a “buy” 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 report on Friday, February 28th. Finally, KeyCorp set a $190.00 price objective on NVIDIA in a research note on Wednesday, March 19th.
Four equities research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, NVIDIA presently has a consensus rating of “Moderate Buy” and a consensus target price of $171.51.
Read Our Latest Analysis 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.Recommended StoriesFive stocks we like better than NVIDIAWhat Investors Need to Know About Upcoming IPOsD-Wave: Multiple Use Cases Emerge Following Quantum SupremacyHow to Use Stock Screeners to Find StocksAmazon Falls Back to a Key Support Line: Here’s How to Play ItManufacturing Stocks InvestingBuffett Trims Equities, But Still Keeps Buying This Stock.
