2 weeks Ago By Defense World Staff
Azzad Asset Management Inc. ADV lowered its holdings in shares of NVIDIA Co. ( NASDAQ:NVDA – Free Report ) by 0.
2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 249,552 shares of the computer hardware maker’s stock after selling 541 shares during the quarter. NVIDIA makes up approximately 8.
7% of Azzad Asset Management Inc. ADV’s holdings, making the stock its biggest position. Azzad Asset Management Inc.
ADV’s holdings in NVIDIA were worth $33,512,000 at the end of the most recent quarter. Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Legend Financial Advisors Inc.
purchased a new stake in shares of NVIDIA during the 4th quarter valued at about $34,000. Luken Investment Analytics LLC purchased a new stake in shares of NVIDIA during the 4th quarter valued at about $40,000. DHJJ Financial Advisors Ltd.
increased its position in shares of NVIDIA by 70.0% during the 3rd quarter. DHJJ Financial Advisors Ltd.
now owns 340 shares of the computer hardware maker’s stock valued at $41,000 after purchasing an additional 140 shares during the last quarter. Lowe Wealth Advisors LLC purchased a new stake in shares of NVIDIA during the 4th quarter valued at about $46,000. Finally, 1620 Investment Advisors Inc.
increased its position in shares of NVIDIA by 145.9% during the 3rd quarter. 1620 Investment Advisors Inc.
now owns 418 shares of the computer hardware maker’s stock valued at $51,000 after purchasing an additional 248 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.
Analysts Set New Price Targets A number of research analysts recently issued reports on the company. Wedbush reiterated an “outperform” rating and set a $175.00 price objective on shares of NVIDIA in a research note on Thursday, February 20th.
Stifel Nicolaus boosted their price objective on NVIDIA from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th.
JPMorgan Chase & Co. boosted their price objective on NVIDIA from $155.00 to $170.
00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Phillip Securities reiterated an “accumulate” rating and set a $160.00 price objective (up from $155.
00) on shares of NVIDIA in a research note on Friday, November 22nd. Finally, Evercore ISI boosted their price objective on NVIDIA from $189.00 to $190.
00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Four analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.
com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $171.51. NVIDIA Stock Performance NASDAQ NVDA opened at $121.
67 on Friday. The company has a market cap of $2.97 trillion, a P/E ratio of 47.
88, 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. The business’s 50 day moving average price is $129.26 and its 200-day moving average price is $131.
17. NVIDIA Co. has a fifty-two week low of $75.
61 and a fifty-two week high of $153.13. NVIDIA ( NASDAQ:NVDA – Get Free Report ) last released its earnings results on Wednesday, February 26th.
The computer hardware maker reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.
05. The firm had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.
16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.
69%. Sell-side analysts predict that NVIDIA Co. will post 2.
77 earnings per share for the current year. NVIDIA Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a $0.
01 dividend. This represents a $0.04 annualized dividend and a yield of 0.
03%. The ex-dividend date is Wednesday, March 12th. NVIDIA’s dividend payout ratio (DPR) is presently 1.
36%. Insider Buying and Selling at NVIDIA In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $131.
26, for a total value of $131,260,000.00. Following the transaction, the director now owns 28,671,360 shares of the company’s stock, valued at $3,763,402,713.
60. This represents a 3.37 % decrease in their position.
The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink . Also, 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 in the company, valued at $1,900,690.
This trade represents a 13.35 % decrease in their position. The disclosure for this sale can be found here .
Insiders have sold 1,039,125 shares of company stock valued at $137,062,338 in the last quarter. 4.23% of the stock is owned by insiders.
About 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 Stories Five stocks we like better than NVIDIA Upcoming IPO Stock Lockup Period, Explained Rubrik Stock’s V-Bottom Reversal Signals a Major Rally Ahead What is a Death Cross in Stocks? How Super Micro Computer Stock Is Defying the Market Sell-Off 2 Fintech Stocks to Buy Now and 1 to Avoid AppLovin vs.
HPE: Which Tech Stock Can Bounce Back Faster? 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 ..
