4 days Ago By Defense World Staff
Fairway Wealth LLC lowered its holdings in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 6.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission.
The fund owned 2,621 shares of the computer hardware maker’s stock after selling 181 shares during the period. Fairway Wealth LLC’s holdings in NVIDIA were worth $352,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock.
Avantax Planning Partners Inc. boosted its holdings in shares of NVIDIA by 2.5% during the fourth quarter.
Avantax Planning Partners Inc. now owns 56,600 shares of the computer hardware maker’s stock valued at $7,601,000 after acquiring an additional 1,365 shares during the period. Cushing Capital Partners LLC bought a new stake in NVIDIA in the 4th quarter valued at about $428,000.
Inspire Advisors LLC boosted its stake in NVIDIA by 11.1% during the 4th quarter. Inspire Advisors LLC now owns 15,411 shares of the computer hardware maker’s stock valued at $2,070,000 after purchasing an additional 1,545 shares during the period.
Donaldson Capital Management LLC grew its position in NVIDIA by 25.6% in the 4th quarter. Donaldson Capital Management LLC now owns 68,755 shares of the computer hardware maker’s stock worth $9,233,000 after purchasing an additional 14,026 shares during the last quarter.
Finally, Wallace Hart LLC increased its stake in shares of NVIDIA by 3.9% in the fourth quarter. Wallace Hart LLC now owns 2,599 shares of the computer hardware maker’s stock valued at $349,000 after purchasing an additional 97 shares during the period.
65.27% of the stock is currently owned by institutional investors and hedge funds. Insider Activity at NVIDIAIn other NVIDIA news, Director Robert K.
Burgess sold 53,324 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.
76. Following the transaction, the director now directly owns 251,044 shares in the company, valued at $28,993,071.56.
This trade represents a 17.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Also, CFO Colette Kress sold 66,660 shares of the company’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 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 position. The disclosure for this sale can be found here.
Over the last quarter, insiders have sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is currently owned by corporate insiders.
NVIDIA Stock Up 1.3 %NVDA stock opened at $112.20 on Wednesday.
The company has a 50 day moving average of $118.34 and a two-hundred day moving average of $130.20.
The company has a market cap of $2.74 trillion, a price-to-earnings ratio of 44.16, a PEG 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.
The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.
13. NVIDIA (NASDAQ:NVDA – Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.
89 earnings per share (EPS) 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 firm had revenue of $39.33 billion during the quarter, compared to analysts’ expectations of $38.16 billion.
On average, equities analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.
NVIDIA Dividend AnnouncementThe company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were issued a $0.01 dividend.
The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.
04%. NVIDIA’s dividend payout ratio is currently 1.36%.
Analysts Set New Price TargetsSeveral equities analysts have recently issued reports on NVDA shares. Hsbc Global Res downgraded NVIDIA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Susquehanna reissued a “positive” rating and issued a $180.
00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. TD Cowen cut their price objective on shares of NVIDIA from $175.00 to $140.
00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $220.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th.
Finally, Morgan Stanley set a $162.00 target price on shares of NVIDIA and gave the company an “overweight” rating in a research note on Wednesday, March 19th. Six investment analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the company.
According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $168.26.View Our Latest Research Report on NVIDIANVIDIA 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.Recommended StoriesFive stocks we like better than NVIDIAETF Screener: Uses and Step-by-Step Guide Beware of BigBear.ai: Insiders Are Selling—Should You?How to Short Nasdaq: An Easy-to-Follow GuideCrowdStrike Stock is a Buy as Cyberthreat Environment Expands3 Home Improvement Stocks that Can Upgrade Your PortfolioCongress! Who Traded What During the Tariff-Induced Meltdown.
