InTrack Investment Management Inc lessened its position in shares of NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 21.6{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,148 shares of the computer hardware maker’s stock after selling 3,072 shares during the quarter. NVIDIA comprises 1.6{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} of InTrack Investment Management Inc’s portfolio, making the stock its 12th biggest holding. InTrack Investment Management Inc’s holdings in NVIDIA were worth $1,629,000 at the end of the most recent reporting period.
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Other large investors have also added to or reduced their stakes in the company. GoalVest Advisory LLC raised its position in shares of NVIDIA by 124.1{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} during the 4th quarter. GoalVest Advisory LLC now owns 195 shares of the computer hardware maker’s stock valued at $28,000 after buying an additional 108 shares in the last quarter. Riggs Asset Managment Co. Inc. increased its stake in NVIDIA by 271.2{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} during the third quarter. Riggs Asset Managment Co. Inc. now owns 245 shares of the computer hardware maker’s stock worth $30,000 after acquiring an additional 179 shares during the last quarter. FSC Wealth Advisors LLC raised its position in NVIDIA by 313.6{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} during the third quarter. FSC Wealth Advisors LLC now owns 273 shares of the computer hardware maker’s stock valued at $33,000 after purchasing an additional 207 shares during the period. Paragon Wealth Strategies LLC bought a new stake in shares of NVIDIA in the 3rd quarter valued at approximately $36,000. Finally, Lumature Wealth Partners LLC boosted its holdings in shares of NVIDIA by 396.8{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} in the 3rd quarter. Lumature Wealth Partners LLC now owns 313 shares of the computer hardware maker’s stock worth $38,000 after purchasing an additional 250 shares during the period. Institutional investors own 61.80{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on NVDA shares. Robert W. Baird raised their price target on NVIDIA from $230.00 to $300.00 in a research report on Monday. JPMorgan Chase & Co. upped their price target on shares of NVIDIA from $220.00 to $250.00 and gave the company an “overweight” rating in a report on Thursday, February 23rd. Mizuho upped their target price on NVIDIA from $230.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday. StockNews.com initiated coverage on NVIDIA in a report on Thursday, March 16th. They issued a “hold” rating on the stock. Finally, HSBC initiated coverage on NVIDIA in a report on Thursday, December 15th. They set a “reduce” rating and a $136.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $257.05.
Insider Activity
In related news, CFO Colette Kress sold 10,741 shares of the company’s stock in a transaction that occurred on Thursday, January 26th. The stock was sold at an average price of $200.00, for a total value of $2,148,200.00. Following the sale, the chief financial officer now owns 536,960 shares in the company, valued at $107,392,000. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Mark A. Stevens sold 120,000 shares of the firm’s stock in a transaction on Monday, January 9th. The shares were sold at an average price of $158.84, for a total transaction of $19,060,800.00. Following the completion of the transaction, the director now owns 1,325,888 shares of the company’s stock, valued at $210,604,049.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Colette Kress sold 10,741 shares of the business’s stock in a transaction on Thursday, January 26th. The shares were sold at an average price of $200.00, for a total transaction of $2,148,200.00. Following the transaction, the chief financial officer now owns 536,960 shares of the company’s stock, valued at $107,392,000. The disclosure for this sale can be found here. Over the last three months, insiders have sold 232,773 shares of company stock valued at $41,275,700. Company insiders own 4.04{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} of the company’s stock.
NVIDIA Stock Performance
Shares of NVIDIA stock opened at $264.68 on Thursday. The company has a 50 day moving average price of $217.05 and a 200 day moving average price of $169.51. The firm has a market capitalization of $653.76 billion, a P/E ratio of 152.11, a PEG ratio of 4.60 and a beta of 1.76. The company has a quick ratio of 2.73, a current ratio of 3.52 and a debt-to-equity ratio of 0.44. NVIDIA Co. has a 52 week low of $108.13 and a 52 week high of $289.46.
NVIDIA (NASDAQ:NVDA – Get Rating) last issued 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. NVIDIA had a net margin of 16.19{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} and a return on equity of 26.61{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9}. The business had revenue of $6.05 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same quarter in the prior year, the business posted $1.14 EPS. NVIDIA’s revenue for the quarter was down 20.8{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} compared to the same quarter last year. Sell-side analysts expect that NVIDIA Co. will post 3.21 EPS for the current year.
NVIDIA Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 29th. Shareholders of record on Wednesday, March 8th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, March 7th. This represents a $0.16 annualized dividend and a yield of 0.06{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9}. NVIDIA’s payout ratio is presently 9.20{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9}.
NVIDIA 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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