2 weeks Ago By ABMN Staff
Louisiana State Employees Retirement System lessened its position in NVIDIA Co. ( NASDAQ:NVDA – Free Report ) by 3.0% during the 4th quarter, HoldingsChannel.
com reports. The fund owned 2,046,200 shares of the computer hardware maker’s stock after selling 63,200 shares during the period. NVIDIA accounts for about 5.
2% of Louisiana State Employees Retirement System’s investment portfolio, making the stock its 2nd largest holding. Louisiana State Employees Retirement System’s holdings in NVIDIA were worth $274,784,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other institutional investors have also recently bought and sold shares of the company.
Sonata Capital Group Inc. raised its holdings in NVIDIA by 1.4% in the 4th quarter.
Sonata Capital Group Inc. now owns 7,012 shares of the computer hardware maker’s stock worth $942,000 after acquiring an additional 100 shares during the period. David Wealth Management LLC bought a new position in NVIDIA in the 4th quarter worth $2,202,000.
Montz Harcus Wealth Management LLC raised its holdings in NVIDIA by 3.3% in the 4th quarter. Montz Harcus Wealth Management LLC now owns 18,469 shares of the computer hardware maker’s stock worth $2,480,000 after acquiring an additional 583 shares during the period.
Schear Investment Advisers LLC raised its holdings in NVIDIA by 3.3% in the 4th quarter. Schear Investment Advisers LLC now owns 112,872 shares of the computer hardware maker’s stock worth $15,158,000 after acquiring an additional 3,630 shares during the period.
Finally, Sather Financial Group Inc increased its holdings in shares of NVIDIA by 19.7% during the 4th quarter. Sather Financial Group Inc now owns 9,080 shares of the computer hardware maker’s stock worth $1,219,000 after purchasing an additional 1,496 shares during the period.
Institutional investors own 65.27% of the company’s stock. Insider Buying and Selling In related news, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th.
The shares were sold at an average price of $131.26, for a total transaction of $131,260,000.00.
Following the completion of the sale, the director now directly owns 28,671,360 shares of the company’s stock, valued at $3,763,402,713.60. The trade was a 3.
37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link . Also, EVP Ajay K.
Puri sold 36,462 shares of the business’s 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 sale, the executive vice president now directly owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80.
This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders sold a total of 1,039,125 shares of company stock valued at $137,062,338 over the last ninety days. Insiders own 4.23% of the company’s stock.
NVIDIA Price Performance NVIDIA ( NASDAQ:NVDA – Get Free Report ) last announced its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $38.16 billion. Sell-side analysts forecast that NVIDIA Co.
will post 2.77 EPS for the current fiscal year. NVIDIA Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd.
Investors of record on Wednesday, March 12th will be paid a dividend of $0.01 per share. This represents a $0.
04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, March 12th.
NVIDIA’s dividend payout ratio (DPR) is 1.36%. Analyst Upgrades and Downgrades Several research firms have recently issued reports on NVDA.
Loop Capital restated a “buy” rating and set a $175.00 price objective on shares of NVIDIA in a report on Wednesday, November 20th. The Goldman Sachs Group boosted their price objective on shares of NVIDIA from $150.
00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Bank of America boosted their price objective on shares of NVIDIA from $190.
00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. DA Davidson restated a “neutral” rating and set a $135.
00 price objective on shares of NVIDIA in a report on Thursday, February 27th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of NVIDIA from $115.00 to $140.
00 and gave the stock a “hold” rating in a report on Thursday, November 21st. Four analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.
51. Check Out Our Latest Analysis on NVDA NVIDIA Company 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.
Further Reading 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 ).
Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter ..
