Community Financial Services Group LLC lifted its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 139,773 shares of the computer hardware maker's stock after purchasing an additional 2,802 shares during the quarter. NVIDIA comprises 3.7% of Community Financial Services Group LLC's holdings, making the stock its 5th largest position. Community Financial Services Group LLC's holdings in NVIDIA were worth $18,770,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC lifted its holdings 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in 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 valued at $21,908,236,000 after acquiring an additional 6,526,200 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in NVIDIA by 1.4% in the third 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 acquiring an additional 2,042,348 shares during the period. Fisher Asset Management LLC increased its position in shares of NVIDIA by 3.5% in the third quarter. Fisher Asset Management LLC now owns 96,720,707 shares of the computer hardware maker's stock valued at $11,745,763,000 after buying an additional 3,283,380 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in shares of NVIDIA by 0.3% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 63,615,639 shares of the computer hardware maker's stock valued at $8,542,944,000 after buying an additional 186,761 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the transaction, the director now 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the transaction, 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,039,125 shares of company stock valued at $137,062,338. Corporate insiders own 4.23% of the company's stock.
NVIDIA Stock Performance
Shares of NVIDIA stock opened at $121.67 on Friday. NVIDIA Co. has a 52 week low of $75.61 and a 52 week high of $153.13. The business's fifty day simple moving average is $129.26 and its 200-day simple moving average is $131.17. The firm has a market cap of $2.97 trillion, a PE ratio of 47.88, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77. 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 announced its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating the consensus estimate of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. Equities analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.
NVIDIA Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be paid 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 payout ratio is 1.36%.
Analyst Ratings Changes
A number of research firms have recently commented on NVDA. Rosenblatt Securities restated a "buy" rating and issued a $220.00 price objective on shares of NVIDIA in a research report on Monday, February 24th. Morgan Stanley restated an "overweight" rating and issued a $162.00 price objective (up from $152.00) on shares of NVIDIA in a research report on Wednesday, February 26th. Mizuho cut their price objective on NVIDIA from $175.00 to $168.00 and set an "outperform" rating for the company in a research report on Friday. Bank of America boosted their price objective on NVIDIA from $190.00 to $200.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Finally, DA Davidson restated a "neutral" rating and issued a $135.00 price objective on shares of NVIDIA in a research report on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $171.51.
Check Out Our Latest Analysis on NVDA
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.
Further Reading
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