Northstar Advisory Group LLC lessened its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 10.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 71,077 shares of the computer hardware maker's stock after selling 8,427 shares during the quarter. NVIDIA comprises 4.9% of Northstar Advisory Group LLC's holdings, making the stock its 3rd largest position. Northstar Advisory Group LLC's holdings in NVIDIA were worth $9,545,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Ironwood Wealth Management LLC. boosted its stake in NVIDIA by 896.9% during the second quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker's stock worth $782,000 after buying an additional 5,695 shares during the last quarter. Financial Guidance Group Inc. boosted its stake in NVIDIA by 900.0% during the second quarter. Financial Guidance Group Inc. now owns 3,600 shares of the computer hardware maker's stock worth $445,000 after buying an additional 3,240 shares during the last quarter. Tobam boosted its stake in NVIDIA by 811.4% during the second quarter. Tobam now owns 41,489 shares of the computer hardware maker's stock worth $5,126,000 after buying an additional 36,937 shares during the last quarter. Heritage Family Offices LLP acquired a new position in NVIDIA during the second quarter worth $257,000. Finally, GraniteShares Advisors LLC boosted its stake in NVIDIA by 2,855.6% during the second quarter. GraniteShares Advisors LLC now owns 1,330,000 shares of the computer hardware maker's stock worth $164,308,000 after buying an additional 1,285,000 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.
NVIDIA Price Performance
NASDAQ:NVDA traded up $1.05 during trading hours on Thursday, reaching $124.75. 390,509,528 shares of the company traded hands, compared to its average volume of 292,494,438. The firm's 50-day moving average is $137.46 and its 200-day moving average is $129.40. The stock has a market cap of $3.06 trillion, a P/E ratio of 49.09, a P/E/G ratio of 2.65 and a beta of 1.64. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA Co. has a 1-year low of $60.70 and a 1-year high of $153.13.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $35.08 billion for the quarter, compared to analysts' expectations of $33.15 billion. During the same quarter last year, the firm earned $0.38 earnings per share. The firm's revenue for the quarter was up 93.6% compared to the same quarter last year. Equities research analysts expect that NVIDIA Co. will post 2.78 earnings per share for the current fiscal year.
NVIDIA Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date was Thursday, December 5th. NVIDIA's payout ratio is 1.57%.
Insider Transactions at NVIDIA
In related news, Director John Dabiri sold 716 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $142.00, for a total value of $101,672.00. Following the completion of the sale, the director now directly owns 19,942 shares of the company's stock, valued at $2,831,764. The trade was a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Tench Coxe sold 1,000,000 shares of the business's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $131.26, for a total value of $131,260,000.00. Following the completion of the sale, the director now directly owns 28,671,360 shares of the company's stock, valued at approximately $3,763,402,713.60. This represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,108,348 shares of company stock valued at $146,506,958. 4.23% of the stock is currently owned by insiders.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the company. The Goldman Sachs Group boosted their price objective on NVIDIA from $150.00 to $165.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Wells Fargo & Company lifted their target price on NVIDIA from $165.00 to $185.00 and gave the company an "overweight" rating in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft lifted their target price on NVIDIA from $115.00 to $140.00 and gave the company a "hold" rating in a research report on Thursday, November 21st. Raymond James lifted their target price on NVIDIA from $140.00 to $170.00 and gave the company a "strong-buy" rating in a research report on Thursday, November 14th. Finally, Oppenheimer restated an "outperform" rating and issued a $175.00 target price 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 issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $166.23.
View Our Latest Analysis on NVIDIA
About NVIDIA
(
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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