Fjell Capital LLC bought a new position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 19,540 shares of the computer hardware maker's stock, valued at approximately $2,624,000. NVIDIA accounts for 2.7% of Fjell Capital LLC's portfolio, making the stock its 14th largest holding.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. AMF Tjanstepension AB lifted its holdings in NVIDIA by 2.2% during the third quarter. AMF Tjanstepension AB now owns 8,039,712 shares of the computer hardware maker's stock worth $976,348,000 after acquiring an additional 169,445 shares in the last quarter. Wealth Group Ltd. lifted its holdings in shares of NVIDIA by 5.0% during the 3rd quarter. Wealth Group Ltd. now owns 5,602 shares of the computer hardware maker's stock valued at $680,000 after purchasing an additional 265 shares in the last quarter. SOA Wealth Advisors LLC. lifted its holdings in shares of NVIDIA by 0.3% during 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 in the last quarter. Swedbank AB grew its position in shares of NVIDIA by 4.8% in the 3rd quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker's stock valued at $4,965,526,000 after purchasing an additional 1,868,358 shares during the period. Finally, YHB Investment Advisors Inc. increased its stake in NVIDIA by 0.9% during the 3rd quarter. YHB Investment Advisors Inc. now owns 229,781 shares of the computer hardware maker's stock worth $27,905,000 after purchasing an additional 1,944 shares in the last quarter. Institutional investors own 65.27% of the company's stock.
Insider Activity at NVIDIA
In other news, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the sale, the executive vice president now directly owns 3,902,888 shares in the company, valued at $589,726,376.80. This represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John Dabiri sold 2,663 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the transaction, the director now owns 17,279 shares in the company, valued at approximately $1,900,690. The trade was a 13.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 183,609 shares of company stock worth $22,642,615 over the last ninety days. Insiders own 4.23% of the company's stock.
Analyst Ratings Changes
A number of brokerages have weighed in on NVDA. KeyCorp set a $190.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Benchmark restated a "buy" rating and issued a $190.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. DA Davidson decreased their price objective on NVIDIA from $135.00 to $125.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Stifel Nicolaus set a $180.00 target price on NVIDIA in a research note on Wednesday, March 19th. Finally, Morgan Stanley set a $162.00 price objective on shares of NVIDIA and gave the company an "overweight" rating in a report on Wednesday, March 19th. Five research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus price target of $169.89.
Check Out Our Latest Research Report on NVDA
NVIDIA Price Performance
Shares of NVDA traded down $8.62 during midday trading on Thursday, hitting $101.80. The company's stock had a trading volume of 335,022,532 shares, compared to its average volume of 312,976,744. NVIDIA Co. has a one year low of $75.61 and a one year high of $195.95. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The company's fifty day simple moving average is $123.07 and its two-hundred day simple moving average is $131.32. The stock has a market capitalization of $2.48 trillion, a price-to-earnings ratio of 40.06, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77.
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, beating the consensus estimate of $0.84 by $0.05. The company had revenue of $39.33 billion for 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%. As a group, equities analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.
NVIDIA Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA's dividend payout ratio is currently 1.36%.
NVIDIA Company 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.
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