Compound Global Advisors LLC purchased a new position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,000 shares of the computer hardware maker's stock, valued at approximately $1,477,000. NVIDIA makes up about 6.0% of Compound Global Advisors LLC's portfolio, making the stock its biggest holding.
A number of other institutional investors and hedge funds also recently modified their holdings of NVDA. Stonebridge Financial Group LLC acquired a new stake in NVIDIA in the 4th quarter valued at $1,615,000. Clarus Group Inc. grew its holdings in NVIDIA by 17.8% during the 4th quarter. Clarus Group Inc. now owns 42,141 shares of the computer hardware maker's stock valued at $5,659,000 after buying an additional 6,375 shares in the last quarter. Essex Financial Services Inc. boosted its stake in NVIDIA by 3.3% during the fourth quarter. Essex Financial Services Inc. now owns 197,759 shares of the computer hardware maker's stock valued at $26,557,000 after buying an additional 6,324 shares during the period. BostonPremier Wealth LLC purchased a new stake in shares of NVIDIA during the 4th quarter valued at $2,018,000. Finally, Armor Investment Advisors LLC boosted its stake in shares of NVIDIA by 1.9% in the 4th quarter. Armor Investment Advisors LLC now owns 10,830 shares of the computer hardware maker's stock valued at $1,454,000 after purchasing an additional 198 shares in the last quarter. 65.27% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on NVDA. The Goldman Sachs Group boosted their price target on shares of NVIDIA from $150.00 to $165.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. HSBC decreased their price objective on shares of NVIDIA from $195.00 to $185.00 and set a "buy" rating for the company in a report on Monday, January 13th. Barclays upped their target price on shares of NVIDIA from $160.00 to $175.00 and gave the company an "overweight" rating in a report on Friday, January 17th. Morgan Stanley reiterated an "overweight" rating and set a $162.00 price objective (up from $152.00) on shares of NVIDIA in a research note on Wednesday, February 26th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on NVIDIA from $115.00 to $140.00 and gave the stock a "hold" rating in a research note on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $171.51.
Read Our Latest Report on NVDA
NVIDIA Price Performance
Shares of NVDA stock traded up $6.09 on Friday, hitting $121.67. 276,579,395 shares of the company's stock were exchanged, compared to its average volume of 322,682,138. NVIDIA Co. has a 12 month low of $75.61 and a 12 month high of $153.13. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The company has a 50 day moving average of $129.71 and a 200 day moving average of $131.20. The stock has a market cap of $2.97 trillion, a P/E ratio of 47.88, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. On average, equities research analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.
NVIDIA Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be paid a $0.01 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA's payout ratio is 1.36%.
Insider Activity
In related news, EVP Ajay K. Puri sold 36,462 shares of the business's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the transaction, the executive vice president now directly owns 3,902,888 shares in the company, valued at $589,726,376.80. The trade was a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the company's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the completion of the transaction, the director now owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. This trade represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,039,125 shares of company stock valued at $137,062,338 in the last ninety days. 4.23% of the stock is currently owned by insiders.
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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