Berkshire Money Management Inc. grew its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 38.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,500 shares of the computer hardware maker's stock after buying an additional 5,394 shares during the quarter. NVIDIA accounts for approximately 0.3% of Berkshire Money Management Inc.'s holdings, making the stock its 23rd biggest holding. Berkshire Money Management Inc.'s holdings in NVIDIA were worth $2,619,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the business. Lockheed Martin Investment Management Co. raised its stake in shares of NVIDIA by 22.3% in the 4th quarter. Lockheed Martin Investment Management Co. now owns 1,284,290 shares of the computer hardware maker's stock valued at $172,467,000 after buying an additional 233,920 shares in the last quarter. Jackson Wealth Management LLC increased its position in shares of NVIDIA by 4.1% during the 4th quarter. Jackson Wealth Management LLC now owns 71,541 shares of the computer hardware maker's stock worth $9,607,000 after purchasing an additional 2,843 shares in the last quarter. Groesbeck Investment Management Corp NJ increased its position in shares of NVIDIA by 5.3% during the 4th quarter. Groesbeck Investment Management Corp NJ now owns 13,890 shares of the computer hardware maker's stock worth $1,865,000 after purchasing an additional 700 shares in the last quarter. Hager Investment Management Services LLC acquired a new stake in shares of NVIDIA during the 4th quarter worth about $8,635,000. Finally, Alexander Labrunerie & CO. Inc. increased its position in shares of NVIDIA by 3.2% during the 4th quarter. Alexander Labrunerie & CO. Inc. now owns 56,696 shares of the computer hardware maker's stock worth $7,614,000 after purchasing an additional 1,768 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.
NVIDIA Stock Performance
Shares of NVDA stock opened at $117.30 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The company has a market capitalization of $2.86 trillion, a P/E ratio of 46.16, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77. The company's 50 day moving average price is $132.73 and its two-hundred day moving average price is $131.90. NVIDIA Co. has a 52 week low of $75.61 and a 52 week high of $153.13.
NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping the consensus estimate of $0.84 by $0.05. The firm had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. On average, analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.
NVIDIA Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be issued a dividend of $0.01 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is currently 1.36%.
Insiders Place Their Bets
In other news, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $131.26, for a total value of $131,260,000.00. Following the sale, the director now directly owns 28,671,360 shares in the company, valued at $3,763,402,713.60. This trade represents a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Colette Kress sold 66,670 shares of NVIDIA stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the completion of the sale, the chief financial officer now owns 3,351,572 shares in the company, valued at $453,802,848.80. This trade represents a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,107,632 shares of company stock worth $146,405,286. Company insiders own 4.23% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on NVDA shares. Evercore ISI increased their target price on shares of NVIDIA from $189.00 to $190.00 and gave the stock an "outperform" rating in a research report on Thursday, November 21st. Piper Sandler increased their target price on shares of NVIDIA from $140.00 to $175.00 and gave the stock an "overweight" rating in a research report on Monday, November 11th. Susquehanna increased their target price on shares of NVIDIA from $160.00 to $180.00 and gave the stock a "positive" rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. increased their price objective on shares of NVIDIA from $155.00 to $170.00 and gave the stock an "overweight" rating in a report on Thursday, November 21st. Finally, Phillip Securities reissued an "accumulate" rating and set a $160.00 price objective (up previously from $155.00) on shares of NVIDIA in a report on Friday, November 22nd. Four research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $169.62.
Read Our Latest Stock Analysis on NVIDIA
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.
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