One Wealth Advisors LLC purchased a new stake in shares of NVIDIA Co. (NASDAQ:NVDA – Get Rating) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,089 shares of the computer hardware maker’s stock, valued at approximately $618,000.
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A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vienna Asset Management LLC bought a new position in shares of NVIDIA during the third quarter valued at $55,000. Kore Private Wealth LLC lifted its holdings in shares of NVIDIA by 9.6{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} during the third quarter. Kore Private Wealth LLC now owns 4,357 shares of the computer hardware maker’s stock valued at $529,000 after purchasing an additional 383 shares in the last quarter. JAT Capital Mgmt LP lifted its holdings in shares of NVIDIA by 1,275.6{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} during the third quarter. JAT Capital Mgmt LP now owns 108,139 shares of the computer hardware maker’s stock valued at $13,127,000 after purchasing an additional 100,278 shares in the last quarter. Segall Bryant & Hamill LLC lifted its holdings in NVIDIA by 1.9{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} in the third quarter. Segall Bryant & Hamill LLC now owns 18,187 shares of the computer hardware maker’s stock valued at $2,205,000 after acquiring an additional 335 shares during the period. Finally, Robbins Farley lifted its holdings in NVIDIA by 1.4{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} in the third quarter. Robbins Farley now owns 9,949 shares of the computer hardware maker’s stock valued at $1,208,000 after acquiring an additional 135 shares during the period. 61.80{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of research analysts have weighed in on the company. Barclays increased their target price on NVIDIA from $250.00 to $275.00 and gave the company an “overweight” rating in a report on Thursday. Stifel Nicolaus increased their target price on NVIDIA from $175.00 to $207.00 and gave the company a “hold” rating in a report on Tuesday. Robert W. Baird increased their target price on NVIDIA from $150.00 to $230.00 and gave the company a “neutral” rating in a report on Thursday. Rosenblatt Securities restated a “buy” rating and issued a $320.00 price target on shares of NVIDIA in a research report on Thursday. Finally, Piper Sandler upped their price target on NVIDIA from $200.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $237.68.
NVIDIA Trading Down 2.4 {fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9}
NVDA traded down $5.63 during trading on Friday, hitting $231.01. 38,659,591 shares of the stock were exchanged, compared to its average volume of 50,592,785. The firm has a 50 day simple moving average of $183.14 and a 200 day simple moving average of $160.25. The firm has a market cap of $575.21 billion, a price-to-earnings ratio of 136.00, a P/E/G ratio of 5.66 and a beta of 1.79. NVIDIA Co. has a 1 year low of $108.13 and a 1 year high of $289.46. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.74 and a current ratio of 3.39.
NVIDIA (NASDAQ:NVDA – Get Rating) last released its quarterly earnings data on Wednesday, February 22nd. The computer hardware maker reported $0.88 EPS for the quarter, topping the consensus estimate of $0.81 by $0.07. NVIDIA had a return on equity of 26.13{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} and a net margin of 16.19{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9}. The company had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $6.02 billion. During the same period last year, the business posted $1.14 EPS. NVIDIA’s quarterly revenue was down 20.8{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} on a year-over-year basis. As a group, equities analysts expect that NVIDIA Co. will post 3.08 EPS for the current year.
NVIDIA Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 29th. Stockholders of record on Wednesday, March 8th will be issued a $0.04 dividend. The ex-dividend date is Tuesday, March 7th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.07{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9}. NVIDIA’s dividend payout ratio is presently 9.20{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9}.
Insider Activity
In related news, insider Donald F. Robertson, Jr. sold 2,494 shares of the business’s stock in a transaction on Thursday, December 15th. The stock was sold at an average price of $167.89, for a total transaction of $418,717.66. Following the transaction, the insider now directly owns 56,617 shares in the company, valued at approximately $9,505,428.13. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other NVIDIA news, Director Mark A. Stevens sold 60,000 shares of NVIDIA stock in a transaction dated Wednesday, December 21st. The stock was sold at an average price of $165.09, for a total transaction of $9,905,400.00. Following the completion of the sale, the director now owns 2,250,193 shares of the company’s stock, valued at approximately $371,484,362.37. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 2,494 shares of NVIDIA stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $167.89, for a total value of $418,717.66. Following the sale, the insider now directly owns 56,617 shares of the company’s stock, valued at approximately $9,505,428.13. The disclosure for this sale can be found here. In the last three months, insiders have sold 262,060 shares of company stock worth $43,817,257. 4.04{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} of the stock is currently owned by company insiders.
About NVIDIA
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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