22 hours Ago By ABMN Staff
Weil Company Inc. lifted 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 & Exchange Commission. The fund owned 5,545 shares of the computer hardware maker’s stock after acquiring an additional 349 shares during the quarter. Weil Company Inc.
’s holdings in NVIDIA were worth $745,000 at the end of the most recent reporting period. Several other large investors have also made changes to their positions in the company. Legend Financial Advisors Inc.
acquired a new stake in NVIDIA during the 4th quarter worth $34,000. Luken Investment Analytics LLC acquired a new position in shares of NVIDIA in the 4th quarter valued at $40,000. Lowe Wealth Advisors LLC bought a new position in shares of NVIDIA in the 4th quarter worth $46,000.
1620 Investment Advisors Inc. grew its stake in shares of NVIDIA by 145.9% during the third quarter.
1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker’s stock worth $51,000 after purchasing an additional 248 shares during the period. Finally, Gleason Group Inc.
increased its holdings in NVIDIA by 52.9% in the fourth quarter. Gleason Group Inc.
now owns 428 shares of the computer hardware maker’s stock valued at $58,000 after purchasing an additional 148 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.
Wall Street Analyst Weigh In A number of brokerages have issued reports on NVDA. Rosenblatt Securities restated a “buy” rating and set a $220.00 target price on shares of NVIDIA in a report on Wednesday, March 19th.
Needham & Company LLC reissued a “buy” rating and set a $160.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. HSBC lowered their target price on shares of NVIDIA from $195.
00 to $185.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Bank of America reissued a “buy” rating and set a $200.
00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, Barclays upped their price objective on shares of NVIDIA from $160.00 to $175.
00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Four investment 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 stock. According to MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and an average target price of $171.
51. NVIDIA Stock Up 1.6 % NVDA stock opened at $110.
15 on Wednesday. The company has a market cap of $2.69 trillion, a price-to-earnings ratio of 43.
35, a P/E/G ratio of 1.76 and a beta of 1.77.
NVIDIA Co. has a twelve month low of $75.61 and a twelve month high of $195.
95. The business has a 50 day moving average price of $123.81 and a two-hundred day moving average price of $131.
47. 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 earnings results on Wednesday, February 26th.
The computer hardware maker reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.
05. NVIDIA had a net margin of 55.69% and a return on equity of 114.
83%. The business had revenue of $39.33 billion during the quarter, compared to analysts’ expectations of $38.
16 billion. Analysts anticipate that NVIDIA Co. will post 2.
77 EPS for the current fiscal year. NVIDIA Dividend Announcement The 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. The ex-dividend date is Wednesday, March 12th. This represents a $0.
04 dividend on an annualized basis and a dividend yield of 0.04%. NVIDIA’s payout ratio is 1.
36%. Insider Activity at NVIDIA In other NVIDIA news, EVP Ajay K. Puri sold 36,462 shares of the company’s stock in a transaction that occurred on Monday, January 6th.
The stock was sold at an average price of $151.10, for a total value of $5,509,408.20.
Following the sale, the executive vice president now owns 3,902,888 shares in the company, valued at $589,726,376.80. This represents a 0.
93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link . Also, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction that occurred on Monday, March 10th.
The stock was sold at an average price of $110.00, for a total value of $292,930.00.
Following the transaction, the director now owns 17,279 shares of the company’s stock, valued at $1,900,690. This represents a 13.35 % decrease in their ownership of the stock.
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. Insiders own 4.
23% of the company’s stock. 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.
Further Reading 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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