Axxcess Wealth Management LLC raised its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 2.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 503,499 shares of the computer hardware maker's stock after purchasing an additional 10,401 shares during the quarter. NVIDIA makes up 1.6% of Axxcess Wealth Management LLC's holdings, making the stock its 7th biggest position. Axxcess Wealth Management LLC's holdings in NVIDIA were worth $67,615,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealth Group Ltd. boosted its holdings in shares of NVIDIA by 5.0% during the third quarter. Wealth Group Ltd. now owns 5,602 shares of the computer hardware maker's stock worth $680,000 after acquiring an additional 265 shares during the period. SOA Wealth Advisors LLC. boosted its stake in NVIDIA by 0.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker's stock valued at $14,650,000 after purchasing an additional 350 shares during the period. Swedbank AB increased its position in NVIDIA by 4.8% during the 3rd quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker's stock worth $4,965,526,000 after buying an additional 1,868,358 shares during the period. Impax Asset Management Group plc lifted its holdings in shares of NVIDIA by 13.2% during the third quarter. Impax Asset Management Group plc now owns 5,501,589 shares of the computer hardware maker's stock worth $667,278,000 after buying an additional 640,840 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of NVIDIA by 3.7% in the third quarter. Principal Financial Group Inc. now owns 35,627,274 shares of the computer hardware maker's stock valued at $4,326,576,000 after acquiring an additional 1,285,897 shares in the last quarter. 65.27% of the stock is owned by institutional investors.
Insider Transactions at NVIDIA
In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the completion of the sale, the insider now directly owns 479,428 shares of the company's stock, valued at $55,997,190.40. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John Dabiri sold 2,663 shares of the company's stock in a transaction 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 sale, the director now owns 17,279 shares of the company's stock, valued at $1,900,690. This trade represents a 13.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock valued at $17,133,207 over the last three months. Corporate insiders own 4.23% of the company's stock.
NVIDIA Trading Down 4.5 %
NASDAQ:NVDA opened at $96.91 on Tuesday. The firm has a fifty day simple moving average of $115.87 and a two-hundred day simple moving average of $129.71. NVIDIA Co. has a 12 month low of $76.40 and a 12 month high of $195.95. The stock has a market capitalization of $2.36 trillion, a price-to-earnings ratio of 38.14, a PEG ratio of 1.76 and a beta of 1.96. 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 earnings per share (EPS) for the quarter, topping 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. Analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.
NVIDIA Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date was Wednesday, March 12th. NVIDIA's dividend payout ratio is currently 1.36%.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on NVDA. Tigress Financial restated a "buy" rating on shares of NVIDIA in a research report on Wednesday, February 26th. Barclays raised their price objective on NVIDIA from $160.00 to $175.00 and gave the stock an "overweight" rating in a research note on Friday, January 17th. Cantor Fitzgerald restated an "overweight" rating and issued a $200.00 price target on shares of NVIDIA in a research report on Wednesday, April 16th. Wedbush reaffirmed an "outperform" rating and set a $175.00 price objective on shares of NVIDIA in a research report on Wednesday, April 16th. Finally, Piper Sandler dropped their target price on shares of NVIDIA from $175.00 to $150.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Six investment analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $165.51.
View Our Latest Analysis on NVIDIA
NVIDIA 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.
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