Eukles Asset Management lessened its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 137,517 shares of the computer hardware maker's stock after selling 6,372 shares during the quarter. NVIDIA comprises 7.9% of Eukles Asset Management's investment portfolio, making the stock its biggest position. Eukles Asset Management's holdings in NVIDIA were worth $18,467,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC grew its position in 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 valued at $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% in 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 worth $21,908,236,000 after acquiring an additional 6,526,200 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of NVIDIA by 1.4% during the 3rd 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 during the last quarter. Fisher Asset Management LLC increased its position in NVIDIA by 3.5% during the 3rd quarter. Fisher Asset Management LLC now owns 96,720,707 shares of the computer hardware maker's stock worth $11,745,763,000 after purchasing an additional 3,283,380 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in NVIDIA by 0.3% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 63,615,639 shares of the computer hardware maker's stock worth $8,542,944,000 after purchasing an additional 186,761 shares in the last quarter. Institutional investors own 65.27% of the company's stock.
Insider Buying and Selling at NVIDIA
In related news, EVP Ajay K. Puri sold 36,462 shares of the business's stock in a transaction on 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 sale, the executive vice president now directly owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. The trade was a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 66,670 shares of NVIDIA stock in a transaction dated 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 transaction, the chief financial officer now directly owns 3,351,572 shares of the company's stock, valued at $453,802,848.80. The trade was a 1.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,110,295 shares of company stock worth $146,698,216 over the last ninety days. 4.23% of the stock is currently owned by company insiders.
NVIDIA Price Performance
NVIDIA stock opened at $115.74 on Thursday. The company's 50 day moving average price is $130.17 and its two-hundred day moving average price is $131.31. The stock has a market cap of $2.82 trillion, a P/E ratio of 45.55, a P/E/G ratio of 1.76 and a beta of 1.77. NVIDIA Co. has a 52 week low of $75.61 and a 52 week high of $153.13. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.
NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.05. The company had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. On average, equities analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.
NVIDIA Announces Dividend
The company also recently disclosed 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. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is 1.36%.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on NVDA shares. DZ Bank raised shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. Phillip Securities reissued an "accumulate" rating and set a $160.00 target price (up from $155.00) on shares of NVIDIA in a report on Friday, November 22nd. Robert W. Baird upped their price target on shares of NVIDIA from $150.00 to $190.00 and gave the company an "outperform" rating in a research report on Thursday, November 21st. Rosenblatt Securities reiterated a "buy" rating and set a $220.00 price target on shares of NVIDIA in a report on Monday, February 24th. Finally, Raymond James increased their price objective on NVIDIA from $140.00 to $170.00 and gave the company a "strong-buy" rating in a report on Thursday, November 14th. Four 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 stock. According to MarketBeat, NVIDIA has a consensus rating of "Moderate Buy" and a consensus target price of $171.69.
Check Out Our Latest Stock Analysis on NVDA
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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