4 days Ago By Defense World Staff
Wealthfront Advisers LLC cut its holdings in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 98.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).
The firm owned 52,988 shares of the computer hardware maker’s stock after selling 3,759,987 shares during the period. Wealthfront Advisers LLC’s holdings in NVIDIA were worth $7,116,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Other hedge funds also recently added to or reduced their stakes in the company.
Hickory Point Bank & Trust acquired a new stake in NVIDIA during the fourth quarter worth about $2,272,000. Capital Performance Advisors LLP boosted its position in NVIDIA by 59.3% in the 4th quarter.
Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker’s stock worth $3,586,000 after purchasing an additional 9,944 shares in the last quarter. Ethos Financial Group LLC grew its stake in shares of NVIDIA by 24.1% during the 4th quarter.
Ethos Financial Group LLC now owns 32,092 shares of the computer hardware maker’s stock worth $4,312,000 after purchasing an additional 6,241 shares during the period. Metis Global Partners LLC increased its holdings in shares of NVIDIA by 3.6% during the 4th quarter.
Metis Global Partners LLC now owns 1,464,826 shares of the computer hardware maker’s stock valued at $196,711,000 after purchasing an additional 50,978 shares in the last quarter. Finally, Palisade Asset Management LLC lifted its stake in shares of NVIDIA by 0.5% in the 3rd quarter.
Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker’s stock valued at $1,866,000 after purchasing an additional 75 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.
NVIDIA Stock PerformanceShares of NVDA stock opened at $112.20 on Wednesday. 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. The firm’s 50 day moving average price is $118.34 and its 200-day moving average price is $130.
20. The firm has a market cap of $2.74 trillion, a P/E ratio of 44.
16, a P/E/G ratio of 1.76 and a beta of 1.96.
NVIDIA (NASDAQ:NVDA – Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping the consensus estimate of $0.
84 by $0.05. The business had revenue of $39.
33 billion during the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a return on equity of 114.
83% and a net margin of 55.69%. As a group, equities research analysts predict that NVIDIA Co.
will post 2.77 EPS for the current year. NVIDIA Dividend AnnouncementThe firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd.
Shareholders of record on Wednesday, March 12th were paid a dividend of $0.01 per share. 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 (DPR) is presently 1.36%. Insider Transactions at NVIDIAIn other NVIDIA news, CFO Colette Kress sold 66,660 shares of the business’s stock in a transaction on Friday, March 21st.
The shares were sold at an average price of $116.83, for a total value of $7,787,887.80.
Following the completion of 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Aarti S.
Shah sold 20,000 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total value of $2,368,400.
00. Following the completion of the sale, the director now owns 53,208 shares in the company, valued at approximately $6,300,891.36.
The trade was a 27.32 % decrease in their ownership of the stock. 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.
Wall Street Analysts Forecast GrowthNVDA has been the subject of a number of recent analyst reports. Benchmark reaffirmed a “buy” rating and issued a $190.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th.
TD Cowen reduced their price target on NVIDIA from $175.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, April 9th.
Tigress Financial reissued a “buy” rating on shares of NVIDIA in a report on Wednesday, February 26th. Summit Insights downgraded NVIDIA from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $160.
00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Six research analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.
com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $168.26.Check Out Our Latest Analysis on NVDANVIDIA Company 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 NVIDIAHow to find penny stocks to invest and trade Beware of BigBear.ai: Insiders Are Selling—Should You?What Are the U.
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