22 hours Ago By Defense World Staff
Sabal Trust CO boosted its holdings in shares of NVIDIA Co. ( NASDAQ:NVDA – Free Report ) by 38.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission.
The fund owned 48,204 shares of the computer hardware maker’s stock after purchasing an additional 13,463 shares during the quarter. Sabal Trust CO’s holdings in NVIDIA were worth $6,473,000 at the end of the most recent quarter. Other institutional investors also recently made changes to their positions in the company.
Legend Financial Advisors Inc. acquired a new position in NVIDIA in the fourth quarter worth about $34,000. Luken Investment Analytics LLC acquired a new position in shares of NVIDIA in the 4th quarter worth approximately $40,000.
Lowe Wealth Advisors LLC bought a new stake in shares of NVIDIA in the 4th quarter valued at approximately $46,000. 1620 Investment Advisors Inc. raised 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 acquiring an additional 248 shares in the last quarter.
Finally, Gleason Group Inc. lifted its stake in NVIDIA by 52.9% during the fourth quarter.
Gleason Group Inc. now owns 428 shares of the computer hardware maker’s stock worth $58,000 after purchasing an additional 148 shares during the last quarter. 65.
27% of the stock is owned by institutional investors and hedge funds. Wall Street Analysts Forecast Growth A number of analysts have weighed in on the stock. Barclays increased their target price on shares of NVIDIA from $160.
00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Tigress Financial reissued a “buy” rating on shares of NVIDIA in a report on Wednesday, February 26th.
Truist Financial upped their target price on NVIDIA from $204.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 27th.
HSBC lowered their price objective on NVIDIA from $195.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, January 13th.
Finally, DA Davidson cut their target price on NVIDIA from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th.
Four research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $171.51.
NVIDIA Stock Performance Shares of NVDA stock opened at $110.15 on Wednesday. The company has a market capitalization of $2.
69 trillion, a price-to-earnings ratio of 43.35, a P/E/G ratio of 1.76 and a beta of 1.
77. NVIDIA Co. has a 1-year low of $75.
61 and a 1-year high of $195.95. The company has a current ratio of 4.
10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.
The stock’s fifty day simple moving average is $123.81 and its 200-day simple moving average is $131.47.
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 company had revenue of $39.
33 billion for the quarter, compared to analysts’ expectations of $38.16 billion. NVIDIA had a return on equity of 114.
83% and a net margin of 55.69%. On average, sell-side analysts predict that NVIDIA Co.
will post 2.77 earnings per share for the current fiscal year. NVIDIA Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd.
Shareholders 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 0.04%. The ex-dividend date of this dividend is Wednesday, March 12th.
NVIDIA’s dividend payout ratio (DPR) is currently 1.36%. Insider Activity In other NVIDIA news, CFO Colette Kress sold 66,660 shares of the business’s stock in a transaction dated Friday, March 21st.
The stock was sold at an average price of $116.83, for a total value of $7,787,887.80.
Following the transaction, the chief financial officer now 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website . Also, EVP Ajay K.
Puri sold 36,462 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.
20. Following the completion of the transaction, the executive vice president now directly owns 3,902,888 shares in the company, valued at approximately $589,726,376.80.
The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders have sold a total of 183,609 shares of company stock worth $22,642,615 in the last ninety days. Corporate insiders own 4.23% of the company’s stock.
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. Read More Five stocks we like better than NVIDIA 3 Warren Buffett Stocks to Buy Now D-Wave: Multiple Use Cases Emerge Following Quantum Supremacy Do Real Estate Investment Trusts Deserve a Place in Your Portfolio? Amazon Falls Back to a Key Support Line: Here’s How to Play It The 3 Best Retail Stocks to Shop for in August Buffett Trims Equities, But Still Keeps Buying This Stock 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.
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