Lindbrook Capital LLC lessened its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 242,275 shares of the computer hardware maker's stock after selling 6,731 shares during the period. NVIDIA comprises approximately 2.9% of Lindbrook Capital LLC's portfolio, making the stock its 7th biggest position. Lindbrook Capital LLC's holdings in NVIDIA were worth $32,535,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of NVDA. Carmel Capital Partners LLC raised its holdings in NVIDIA by 4.8% in the 4th quarter. Carmel Capital Partners LLC now owns 9,832 shares of the computer hardware maker's stock worth $1,320,000 after acquiring an additional 450 shares during the period. Washington Trust Advisors Inc. raised its position in NVIDIA by 0.3% in the fourth quarter. Washington Trust Advisors Inc. now owns 187,763 shares of the computer hardware maker's stock worth $25,215,000 after purchasing an additional 560 shares in the last quarter. McDonough Capital Management Inc boosted its stake in NVIDIA by 15.6% in the 4th quarter. McDonough Capital Management Inc now owns 86,736 shares of the computer hardware maker's stock valued at $11,648,000 after buying an additional 11,721 shares in the last quarter. Black Swift Group LLC grew its holdings in shares of NVIDIA by 105.4% in the 4th quarter. Black Swift Group LLC now owns 6,449 shares of the computer hardware maker's stock worth $866,000 after purchasing an additional 3,309 shares during the last quarter. Finally, Straight Path Wealth Management raised its stake in shares of NVIDIA by 36.8% in the fourth quarter. Straight Path Wealth Management now owns 2,447 shares of the computer hardware maker's stock valued at $329,000 after acquiring an additional 658 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the transaction, the chief financial officer now directly owns 3,085,765 shares of the company's stock, valued at approximately $360,509,924.95. This trade represents a 2.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the completion of the sale, the director now directly owns 53,208 shares of the company's stock, valued at approximately $6,300,891.36. The trade was a 27.32 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is owned by insiders.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the company. DZ Bank upgraded NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. HSBC downgraded NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target for the company. in a report on Thursday, April 3rd. Bank of America reaffirmed a "buy" rating and issued a $200.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. KeyCorp set a $190.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Finally, Susquehanna restated a "positive" rating and issued a $180.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Six investment analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA currently has an average rating of "Moderate Buy" and an average target price of $168.39.
Get Our Latest Analysis on NVIDIA
NVIDIA Trading Up 1.6 %
NVIDIA stock traded up $1.79 during trading hours on Monday, reaching $112.72. 46,901,922 shares of the company's stock traded hands, compared to its average volume of 313,313,232. NVIDIA Co. has a fifty-two week low of $75.61 and a fifty-two week high of $195.95. The firm's 50 day moving average is $118.95 and its 200-day moving average is $130.40. 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 $2.75 trillion, a price-to-earnings ratio of 44.03, a PEG ratio of 1.76 and a beta of 1.96.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. The business had revenue of $39.33 billion during the quarter, compared to analysts' expectations of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. On average, analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.
NVIDIA Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were issued a $0.01 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. NVIDIA's payout ratio is 1.36%.
NVIDIA Company 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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