22 hours Ago By Defense World Staff
Richard Bernstein Advisors LLC trimmed its position in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 6.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC.
The institutional investor owned 488,960 shares of the computer hardware maker’s stock after selling 34,260 shares during the quarter. NVIDIA makes up approximately 1.5% of Richard Bernstein Advisors LLC’s holdings, making the stock its 18th largest position.
Richard Bernstein Advisors LLC’s holdings in NVIDIA were worth $65,662,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors have also recently made changes to their positions in NVDA. AMF Tjanstepension AB lifted its position in NVIDIA by 2.
2% during the third quarter. AMF Tjanstepension AB now owns 8,039,712 shares of the computer hardware maker’s stock valued at $976,348,000 after buying an additional 169,445 shares during the period. Wealth Group Ltd.
increased its stake in shares of NVIDIA by 5.0% in the 3rd quarter. Wealth Group Ltd.
now owns 5,602 shares of the computer hardware maker’s stock worth $680,000 after acquiring an additional 265 shares in the last quarter. SOA Wealth Advisors LLC. lifted its position in NVIDIA by 0.
3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker’s stock valued at $14,650,000 after acquiring an additional 350 shares during the period.
Swedbank AB boosted its stake in NVIDIA by 4.8% during the third quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker’s stock worth $4,965,526,000 after acquiring an additional 1,868,358 shares in the last quarter.
Finally, YHB Investment Advisors Inc. grew its holdings in NVIDIA by 0.9% in the third quarter.
YHB Investment Advisors Inc. now owns 229,781 shares of the computer hardware maker’s stock worth $27,905,000 after purchasing an additional 1,944 shares during the period. Hedge funds and other institutional investors own 65.
27% of the company’s stock. Insider ActivityIn other news, insider Donald F. Robertson, Jr.
sold 4,500 shares of the business’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $525,600.
00. Following the sale, the insider now directly owns 479,428 shares in the company, valued at $55,997,190.40.
The trade was a 0.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Also, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $151.
10, for a total transaction of $5,509,408.20. Following the completion of the transaction, the executive vice president now directly owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.
80. The trade was a 0.93 % decrease in their position.
The disclosure for this sale can be found here. In the last ninety days, insiders sold 183,609 shares of company stock worth $22,642,615. 4.
23% of the stock is currently owned by insiders. NVIDIA Stock Up 1.6 %Shares of NVDA stock opened at $110.
15 on Wednesday. The company’s fifty day simple moving average is $123.81 and its two-hundred day simple moving average is $131.
47. NVIDIA Co. has a 52 week low of $75.
61 and a 52 week high of $195.95. The stock has a market cap of $2.
69 trillion, a P/E ratio of 43.35, a PEG ratio of 1.76 and a beta of 1.
77. 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 issued its earnings results on Wednesday, February 26th.
The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $38.
16 billion. Analysts predict that NVIDIA Co. will post 2.
77 EPS for the current fiscal year. NVIDIA Dividend AnnouncementThe company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be issued a dividend of $0.
01 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.
04 annualized dividend and a dividend yield of 0.04%. NVIDIA’s dividend payout ratio (DPR) is 1.
36%. Analysts Set New Price TargetsA number of analysts have recently commented on the company. Truist Financial boosted their price target on NVIDIA from $204.
00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Barclays boosted their target price on NVIDIA from $160.
00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Morgan Stanley set a $162.
00 price target on NVIDIA and gave the company an “overweight” rating in a report on Wednesday, March 19th. Stifel Nicolaus set a $180.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th.
Finally, Wedbush restated an “outperform” rating and set a $175.00 price objective on shares of NVIDIA in a research note on Thursday, February 20th. Four analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have issued a strong buy rating to the stock.
According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $171.51.
Read Our Latest Report on NVIDIAAbout 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.See AlsoFive stocks we like better than NVIDIAWhat Are Dividend Champions? How to Invest in the ChampionsD-Wave: Multiple Use Cases Emerge Following Quantum SupremacyNYSE Stocks Give Investors a Variety of Quality Options Amazon Falls Back to a Key Support Line: Here’s How to Play ItHow to Use the MarketBeat Stock Screener Buffett Trims Equities, But Still Keeps Buying This Stock.
