Capital Investment Counsel Inc lowered its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 628,218 shares of the computer hardware maker's stock after selling 21,479 shares during the period. NVIDIA accounts for approximately 12.7% of Capital Investment Counsel Inc's portfolio, making the stock its 2nd biggest holding. Capital Investment Counsel Inc's holdings in NVIDIA were worth $84,363,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AMF Tjanstepension AB increased its stake in NVIDIA by 2.2% in the third quarter. AMF Tjanstepension AB now owns 8,039,712 shares of the computer hardware maker's stock valued at $976,348,000 after purchasing an additional 169,445 shares during the last quarter. Wealth Group Ltd. grew its holdings in NVIDIA by 5.0% in the 3rd quarter. Wealth Group Ltd. now owns 5,602 shares of the computer hardware maker's stock valued at $680,000 after buying an additional 265 shares during the period. SOA Wealth Advisors LLC. increased its stake 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 acquiring an additional 350 shares during the last quarter. Swedbank AB lifted its holdings in shares of NVIDIA by 4.8% during the 3rd quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker's stock worth $4,965,526,000 after acquiring an additional 1,868,358 shares during the period. Finally, Madison Park Capital Advisors LLC boosted its position in shares of NVIDIA by 2.4% in the third quarter. Madison Park Capital Advisors LLC now owns 4,230 shares of the computer hardware maker's stock worth $514,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.
NVIDIA Stock Performance
Shares of NASDAQ:NVDA traded down $1.76 on Friday, reaching $109.67. 229,047,047 shares of the company's stock were exchanged, compared to its average volume of 314,707,778. The business's 50-day moving average is $125.01 and its two-hundred day moving average is $131.50. 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 Co. has a fifty-two week low of $75.61 and a fifty-two week high of $195.95. The firm has a market capitalization of $2.68 trillion, a price-to-earnings ratio of 43.16, a PEG ratio of 1.76 and a beta of 1.77.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. As a group, equities research analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.
NVIDIA Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. NVIDIA's dividend payout ratio is currently 1.36%.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the stock. Stifel Nicolaus set a $180.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Summit Insights cut NVIDIA from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. Needham & Company LLC reaffirmed a "buy" rating and issued a $160.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Morgan Stanley set a $162.00 price target on shares of NVIDIA and gave the company an "overweight" rating in a research report on Wednesday, March 19th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $200.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Four analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $171.51.
Read Our Latest Report on NVDA
Insider Buying and Selling
In other NVIDIA news, EVP Ajay K. Puri sold 36,462 shares of the company's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $151.10, for a total value of $5,509,408.20. Following the completion of the transaction, the executive vice president now owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. This represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the sale, the chief financial officer now directly owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. This trade represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 183,609 shares of company stock worth $22,642,615 in the last three months. 4.23% of the stock is owned by insiders.
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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