22 hours Ago By Defense World Staff
Weil Company Inc. boosted its position in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 6.
7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,545 shares of the computer hardware maker’s stock after purchasing an additional 349 shares during the period. Weil Company Inc.
’s holdings in NVIDIA were worth $745,000 at the end of the most recent reporting period. Several other hedge funds also recently bought and sold shares of NVDA. Capital Performance Advisors LLP increased its holdings in NVIDIA by 59.
3% in the fourth quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker’s stock worth $3,586,000 after buying an additional 9,944 shares during the last quarter. Palisade Asset Management LLC grew its position in NVIDIA by 0.
5% in the third quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker’s stock worth $1,866,000 after acquiring an additional 75 shares in the last quarter. SMART Wealth LLC increased its stake in shares of NVIDIA by 289.
5% during the 4th 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 during the last quarter. Blue Square Asset Management LLC increased its stake in shares of NVIDIA by 26.
7% during the 3rd 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 during the last quarter. Finally, Wealthspire Advisors LLC raised its holdings in shares of NVIDIA by 29.
6% during the 4th quarter. Wealthspire Advisors LLC now owns 174,896 shares of the computer hardware maker’s stock valued at $23,487,000 after purchasing an additional 39,944 shares in the last quarter. 65.
27% of the stock is owned by institutional investors and hedge funds. Insider Buying and SellingIn related news, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction that occurred on Monday, January 6th.
The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20.
Following the sale, the executive vice president now directly owns 3,902,888 shares in the company, valued at $589,726,376.80. This represents a 0.
93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert K.
Burgess sold 53,324 shares of NVIDIA stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.
76. Following the completion of the transaction, the director now owns 251,044 shares of the company’s stock, valued at approximately $28,993,071.56.
The trade was a 17.52 % decrease in their position. The disclosure for this sale can be found here.
Insiders sold 183,609 shares of company stock worth $22,642,615 in the last quarter. 4.23% of the stock is owned by corporate insiders.
NVIDIA Stock Up 1.6 %NASDAQ NVDA opened at $110.15 on Wednesday.
NVIDIA Co. has a 1-year low of $75.61 and a 1-year high of $195.
95. The company has a market capitalization of $2.69 trillion, a price-to-earnings ratio of 43.
35, a PEG ratio of 1.76 and a beta of 1.77.
The stock’s 50 day moving average is $123.81 and its two-hundred day moving average is $131.47.
The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.
13. NVIDIA (NASDAQ:NVDA – Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.
89 EPS for the quarter, beating 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 business had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion.
Equities analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.
NVIDIA Announces DividendThe company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be issued a $0.01 dividend.
This represents a $0.04 annualized dividend and a dividend yield of 0.04%.
The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA’s payout ratio is 1.36%.
Analyst Upgrades and DowngradesNVDA has been the topic of several analyst reports. William Blair reissued an “outperform” rating on shares of NVIDIA in a research report on Thursday, March 20th. Susquehanna reiterated a “positive” rating and set a $180.
00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Wedbush reissued an “outperform” rating and issued a $175.00 price objective on shares of NVIDIA in a research note on Thursday, February 20th.
DA Davidson decreased their target price on NVIDIA from $135.00 to $125.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th.
Finally, HSBC lowered their price target on NVIDIA from $195.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, January 13th.
Four investment analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $171.
51.View Our Latest Stock Report on NVIDIANVIDIA 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.
Further ReadingFive stocks we like better than NVIDIACanadian Penny Stocks: Can They Make You Rich? D-Wave: Multiple Use Cases Emerge Following Quantum Supremacy5 Top Rated Dividend Stocks to ConsiderAmazon Falls Back to a Key Support Line: Here’s How to Play ItHow to trade penny stocks: A step-by-step guideBuffett Trims Equities, But Still Keeps Buying This Stock 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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