4 days Ago By Defense World Staff
Natural Investments LLC bought a new position in NVIDIA Co. (NASDAQ:NVDA – Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 110,611 shares of the computer hardware maker’s stock, valued at approximately $14,853,000.
NVIDIA accounts for about 4.1% of Natural Investments LLC’s holdings, making the stock its 4th biggest holding. A number of other hedge funds and other institutional investors have also recently modified their holdings of NVDA.
Tacita Capital Inc bought a new position in shares of NVIDIA during the fourth quarter valued at approximately $28,000. Legend Financial Advisors Inc. purchased a new stake in shares of NVIDIA in the 4th quarter worth approximately $34,000.
Vision Financial Markets LLC purchased a new stake in shares of NVIDIA in the 4th quarter worth approximately $38,000. Luken Investment Analytics LLC bought a new position in NVIDIA during the 4th quarter valued at approximately $40,000. Finally, Lowe Wealth Advisors LLC purchased a new position in NVIDIA during the fourth quarter valued at $46,000.
65.27% of the stock is owned by hedge funds and other institutional investors. Insiders Place Their BetsIn 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 value of $292,930.00.
Following the completion of the transaction, the director now directly owns 17,279 shares of the company’s stock, valued at approximately $1,900,690. This represents a 13.35 % decrease in their position.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert K. Burgess sold 53,324 shares of NVIDIA stock in a transaction dated Thursday, March 13th.
The shares were sold at an average price of $115.49, for a total value of $6,158,388.76.
Following the completion of the sale, the director now directly owns 251,044 shares in the company, valued at $28,993,071.56. This represents a 17.
52 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 147,147 shares of company stock worth $17,133,207.
Company insiders own 4.23% of the company’s stock. NVIDIA Price PerformanceNVIDIA stock opened at $112.
20 on Wednesday. The business’s 50-day simple moving average is $118.34 and its 200 day simple moving average is $130.
20. The company has a quick ratio of 3.64, a current ratio of 4.
10 and a debt-to-equity ratio of 0.13. The stock has a market cap of $2.
74 trillion, a price-to-earnings ratio of 44.16, a P/E/G ratio of 1.76 and a beta of 1.
96. NVIDIA Co. has a 12-month low of $75.
61 and a 12-month high of $195.95. NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its quarterly earnings results 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 return on equity of 114.83% and a net margin of 55.
69%. The company had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.
16 billion. As a group, research analysts anticipate that NVIDIA Co. will post 2.
77 earnings per share for the current year. NVIDIA Announces DividendThe firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were paid a dividend of $0.
01 per share. The ex-dividend date was Wednesday, March 12th. This represents a $0.
04 dividend on an annualized basis and a yield of 0.04%. NVIDIA’s payout ratio is 1.
36%. Analyst Upgrades and DowngradesSeveral research firms recently issued reports on NVDA. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $200.
00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. HSBC downgraded NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock.
in a report on Thursday, April 3rd. Rosenblatt Securities reiterated a “buy” rating and issued a $220.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th.
Mizuho lowered their target price on shares of NVIDIA from $175.00 to $168.00 and set an “outperform” rating on the stock in a research note on Friday, March 14th.
Finally, Stifel Nicolaus set a $180.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Six research analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the company’s stock.
Based on data from MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.26.
Check Out Our Latest Analysis on NVDAAbout 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.Featured ArticlesFive stocks we like better than NVIDIAUsing the MarketBeat Dividend Yield CalculatorBeware of BigBear.
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