Confluence Wealth Services Inc. increased its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 6.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,731 shares of the computer hardware maker's stock after purchasing an additional 3,389 shares during the period. NVIDIA accounts for 0.6% of Confluence Wealth Services Inc.'s portfolio, making the stock its 26th biggest position. Confluence Wealth Services Inc.'s holdings in NVIDIA were worth $8,499,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the stock. Geode Capital Management LLC grew its stake in shares of NVIDIA by 2.2% in the third quarter. Geode Capital Management LLC now owns 546,079,492 shares of the computer hardware maker's stock worth $66,101,133,000 after acquiring an additional 11,525,969 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of NVIDIA by 3.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 180,403,789 shares of the computer hardware maker's stock valued at $21,908,236,000 after purchasing an additional 6,526,200 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of NVIDIA by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 146,069,090 shares of the computer hardware maker's stock valued at $17,738,630,000 after purchasing an additional 2,042,348 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of NVIDIA by 3.5% during the third quarter. Fisher Asset Management LLC now owns 96,720,707 shares of the computer hardware maker's stock valued at $11,745,763,000 after purchasing an additional 3,283,380 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of NVIDIA by 12,898.6% during the third quarter. International Assets Investment Management LLC now owns 56,292,986 shares of the computer hardware maker's stock valued at $6,836,220,000 after purchasing an additional 55,859,917 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at NVIDIA
In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.28, for a total transaction of $608,760.00. Following the completion of the sale, the insider now directly owns 480,899 shares of the company's stock, valued at $65,056,016.72. The trade was a 0.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Colette Kress sold 66,670 shares of NVIDIA stock in a transaction on Friday, December 13th. The shares were sold at an average price of $135.40, for a total value of $9,027,118.00. Following the sale, the chief financial officer now directly owns 3,351,572 shares of the company's stock, valued at approximately $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. Insiders sold a total of 1,107,632 shares of company stock valued at $146,405,286 in the last ninety days. Corporate insiders own 4.23% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on NVDA. Susquehanna increased their target price on NVIDIA from $160.00 to $180.00 and gave the company a "positive" rating in a report on Thursday, November 14th. DZ Bank raised NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. Melius Research increased their target price on NVIDIA from $165.00 to $185.00 and gave the company a "buy" rating in a report on Monday, November 11th. Evercore ISI increased their target price on NVIDIA from $189.00 to $190.00 and gave the company an "outperform" rating in a report on Thursday, November 21st. Finally, Oppenheimer restated an "outperform" rating and issued a $175.00 price target on shares of NVIDIA in a research report on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and an average target price of $169.62.
View Our Latest Report on NVDA
NVIDIA Price Performance
Shares of NVDA stock opened at $117.30 on Thursday. NVIDIA Co. has a 52-week low of $75.61 and a 52-week high of $153.13. 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 firm has a market capitalization of $2.86 trillion, a P/E ratio of 46.16, a P/E/G ratio of 1.76 and a beta of 1.77. The stock has a 50 day moving average price of $132.73 and a 200 day moving average price of $131.90.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results 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. The firm had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. As a group, sell-side analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.
NVIDIA Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is presently 1.36%.
NVIDIA Profile
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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.
See Also
Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Co. (NASDAQ:NVDA - Free Report).
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