2 weeks Ago By ABMN Staff
Montz Harcus Wealth Management LLC boosted its position in NVIDIA Co. ( NASDAQ:NVDA – Free Report ) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission.
The fund owned 18,469 shares of the computer hardware maker’s stock after acquiring an additional 583 shares during the quarter. NVIDIA accounts for 1.4% of Montz Harcus Wealth Management LLC’s investment portfolio, making the stock its 16th biggest position.
Montz Harcus Wealth Management LLC’s holdings in NVIDIA were worth $2,480,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NVDA. Palisade Asset Management LLC lifted its stake in shares of NVIDIA by 0.
5% during the third quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker’s stock worth $1,866,000 after purchasing an additional 75 shares in the last quarter. SMART Wealth LLC lifted its stake in shares of NVIDIA by 289.
5% during the fourth quarter. SMART Wealth LLC now owns 72,311 shares of the computer hardware maker’s stock worth $9,711,000 after purchasing an additional 53,747 shares in the last quarter. Blue Square Asset Management LLC lifted its stake in shares of NVIDIA by 26.
7% during the third quarter. Blue Square Asset Management LLC now owns 48,093 shares of the computer hardware maker’s stock worth $5,840,000 after purchasing an additional 10,136 shares in the last quarter. Narwhal Capital Management lifted its stake in shares of NVIDIA by 5.
1% during the third quarter. Narwhal Capital Management now owns 545,676 shares of the computer hardware maker’s stock worth $66,267,000 after purchasing an additional 26,373 shares in the last quarter. Finally, Tybourne Capital Management HK Ltd.
lifted its stake in shares of NVIDIA by 46.7% during the third quarter. Tybourne Capital Management HK Ltd.
now owns 16,826 shares of the computer hardware maker’s stock worth $2,043,000 after purchasing an additional 5,360 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.
NVIDIA Stock Performance Shares of NVDA opened at $121.67 on Friday. NVIDIA Co.
has a 1 year low of $75.61 and a 1 year high of $153.13.
The company has a market cap of $2.97 trillion, a price-to-earnings ratio of 47.88, a price-to-earnings-growth 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 firm has a fifty day moving average of $129.26 and a 200-day moving average of $131.17.
NVIDIA Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued 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 payout ratio is currently 1.36%.
Insider Buying and Selling In related news, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $131.26, for a total value of $131,260,000.
00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website .
Also, Director John Dabiri sold 2,663 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.
00. Following the completion of the sale, the director now directly owns 17,279 shares of the company’s stock, valued at $1,900,690. The trade was a 13.
35 % decrease in their position. The disclosure for this sale can be found here . Insiders sold 1,039,125 shares of company stock valued at $137,062,338 over the last 90 days.
4.23% of the stock is currently owned by company insiders. Analyst Upgrades and Downgrades NVDA has been the topic of several recent analyst reports.
TD Cowen boosted their price target on NVIDIA from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st.
Cantor Fitzgerald reiterated an “overweight” rating and issued a $200.00 price target on shares of NVIDIA in a research note on Thursday, February 27th. Bank of America boosted their price target on NVIDIA from $190.
00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. DZ Bank upgraded NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th.
Finally, Evercore ISI boosted their price target on NVIDIA from $189.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st.
Four analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $171.
51. Check Out Our Latest Research Report on NVDA 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.
See Also 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 ).
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