Captrust Financial Advisors grew its stake in NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 4.5{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 205,734 shares of the computer hardware maker’s stock after acquiring an additional 8,844 shares during the quarter. Captrust Financial Advisors’ holdings in NVIDIA were worth $24,974,000 at the end of the most recent quarter.
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Other institutional investors and hedge funds have also made changes to their positions in the company. United Bank boosted its position in shares of NVIDIA by 28.9{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} in the 1st quarter. United Bank now owns 7,717 shares of the computer hardware maker’s stock worth $2,106,000 after purchasing an additional 1,730 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of NVIDIA by 6.8{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,904,772 shares of the computer hardware maker’s stock worth $1,065,457,000 after purchasing an additional 249,045 shares in the last quarter. MAS Advisors LLC boosted its position in shares of NVIDIA by 42.1{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} in the 1st quarter. MAS Advisors LLC now owns 1,967 shares of the computer hardware maker’s stock worth $545,000 after purchasing an additional 583 shares in the last quarter. Navis Wealth Advisors LLC boosted its position in shares of NVIDIA by 205.3{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} in the 1st quarter. Navis Wealth Advisors LLC now owns 2,900 shares of the computer hardware maker’s stock worth $791,000 after purchasing an additional 1,950 shares in the last quarter. Finally, Ergoteles LLC acquired a new stake in shares of NVIDIA in the 1st quarter worth $929,000. 61.80{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts have commented on the company. Stifel Nicolaus lifted their price target on NVIDIA from $175.00 to $207.00 and gave the stock a “hold” rating in a research report on Tuesday, February 21st. StockNews.com raised NVIDIA from a “sell” rating to a “hold” rating in a research report on Thursday, February 23rd. Bank of America lifted their price target on NVIDIA from $255.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, February 23rd. The Goldman Sachs Group raised NVIDIA from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $162.00 to $275.00 in a research report on Thursday, February 23rd. Finally, Cowen lifted their price target on NVIDIA from $240.00 to $260.00 in a research report on Thursday, February 23rd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, NVIDIA has an average rating of “Moderate Buy” and a consensus price target of $242.14.
NVIDIA Price Performance
NVDA stock opened at $240.63 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.52 and a quick ratio of 2.73. The business has a 50 day simple moving average of $204.52 and a 200-day simple moving average of $165.06. The firm has a market capitalization of $594.36 billion, a PE ratio of 138.29, a price-to-earnings-growth ratio of 4.08 and a beta of 1.76. NVIDIA Co. has a 1 year low of $108.13 and a 1 year high of $289.46.
NVIDIA (NASDAQ:NVDA – Get Rating) last posted its quarterly earnings results on Wednesday, February 22nd. The computer hardware maker reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.07. The business had revenue of $6.05 billion during the quarter, compared to analyst estimates of $6.02 billion. NVIDIA had a return on equity of 26.61{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} and a net margin of 16.19{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9}. The business’s revenue was down 20.8{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} compared to the same quarter last year. During the same period in the prior year, the business earned $1.14 earnings per share. Equities research analysts anticipate that NVIDIA Co. will post 3.21 earnings per share for the current fiscal year.
NVIDIA Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 29th. Investors of record on Wednesday, March 8th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.07{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9}. The ex-dividend date of this dividend is Tuesday, March 7th. NVIDIA’s dividend payout ratio is presently 9.20{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9}.
Insiders Place Their Bets
In other NVIDIA news, CFO Colette Kress sold 6,000 shares of the company’s stock in a transaction on Monday, March 13th. The stock was sold at an average price of $229.29, for a total transaction of $1,375,740.00. Following the transaction, the chief financial officer now directly owns 561,401 shares in the company, valued at $128,723,635.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Mark L. Perry sold 20,000 shares of the stock in a transaction on Monday, February 27th. The stock was sold at an average price of $236.37, for a total value of $4,727,400.00. Following the transaction, the director now owns 140,000 shares of the company’s stock, valued at $33,091,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Colette Kress sold 6,000 shares of the stock in a transaction on Monday, March 13th. The shares were sold at an average price of $229.29, for a total value of $1,375,740.00. Following the completion of the transaction, the chief financial officer now directly owns 561,401 shares in the company, valued at approximately $128,723,635.29. The disclosure for this sale can be found here. Insiders have sold 295,560 shares of company stock worth $51,648,397 over the last ninety days. Corporate insiders own 4.04{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} of the company’s stock.
NVIDIA Company Profile
NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment consists of product brands, including GeForce for gamers, Quadro for designers, Tesla and DGX for AI data scientists and big data researchers, and GRID for cloud-based visual computing users.
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