4 days Ago By Defense World Staff
Avantax Planning Partners Inc. raised its position in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 2.
5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 56,600 shares of the computer hardware maker’s stock after buying an additional 1,365 shares during the period. Avantax Planning Partners Inc.
’s holdings in NVIDIA were worth $7,601,000 at the end of the most recent reporting period. Other hedge funds have also made changes to their positions in the company. Tacita Capital Inc acquired a new position in NVIDIA in the 4th quarter valued at $28,000.
Legend Financial Advisors Inc. acquired a new stake in shares of NVIDIA in the fourth quarter valued at about $34,000. Vision Financial Markets LLC purchased a new position in shares of NVIDIA in the fourth quarter worth about $38,000.
Luken Investment Analytics LLC acquired a new position in NVIDIA during the fourth quarter worth about $40,000. Finally, Lowe Wealth Advisors LLC acquired a new stake in NVIDIA in the 4th quarter valued at about $46,000. Institutional investors and hedge funds own 65.
27% of the company’s stock. Insiders Place Their BetsIn other NVIDIA news, CFO Colette Kress sold 66,660 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief financial officer now owns 3,085,765 shares of the company’s stock, valued at approximately $360,509,924.
95. This trade represents a 2.11 % decrease in their ownership of the stock.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Aarti S. Shah sold 20,000 shares of the company’s stock in a transaction on Thursday, March 20th.
The shares were sold at an average price of $118.42, for a total transaction of $2,368,400.00.
Following the completion of the transaction, the director now owns 53,208 shares of the company’s stock, valued at approximately $6,300,891.36. The trade was a 27.
32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock valued at $17,133,207 in the last ninety days.
Insiders own 4.23% of the company’s stock. Wall Street Analyst Weigh InNVDA has been the subject of a number of analyst reports.
Stifel Nicolaus set a $180.00 price target on NVIDIA in a research report on Wednesday, March 19th. Truist Financial raised their target price on NVIDIA from $204.
00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. DA Davidson lowered their price target on shares of NVIDIA from $125.
00 to $120.00 and set a “neutral” rating on the stock in a research report on Monday. Rosenblatt Securities reissued a “buy” rating and issued a $220.
00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Finally, Benchmark reaffirmed a “buy” rating and set a $190.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th.
Six investment analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $168.
26.Check Out Our Latest Report on NVDANVIDIA Stock PerformanceShares of NVIDIA stock opened at $112.20 on Wednesday.
The business has a 50-day simple moving average of $118.34 and a 200-day simple moving average of $130.20.
The company has a market cap of $2.74 trillion, a PE ratio of 44.16, a P/E/G ratio of 1.
76 and a beta of 1.96. NVIDIA Co.
has a one year low of $75.61 and a one year high of $195.95.
The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.
10. NVIDIA (NASDAQ:NVDA – Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.
89 EPS for the quarter, beating 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 the consensus estimate of $38.16 billion.
On average, equities research analysts forecast that NVIDIA Co. will post 2.77 EPS for the current fiscal year.
NVIDIA Announces DividendThe firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were paid a $0.01 dividend.
This represents a $0.04 dividend on an annualized basis and a yield of 0.04%.
The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA’s dividend payout ratio is presently 1.36%.
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.Further ReadingFive stocks we like better than NVIDIAThe Risks of Owning BondsBeware of BigBear.
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