Kentucky Retirement Systems trimmed its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,690,485 shares of the computer hardware maker's stock after selling 23,285 shares during the period. NVIDIA makes up about 6.7% of Kentucky Retirement Systems' portfolio, making the stock its 2nd biggest position. Kentucky Retirement Systems' holdings in NVIDIA were worth $227,015,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the business. Waterfront Wealth Inc. raised its position in NVIDIA by 4.5% during the fourth quarter. Waterfront Wealth Inc. now owns 7,436 shares of the computer hardware maker's stock valued at $999,000 after acquiring an additional 323 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV increased its holdings in shares of NVIDIA by 41.5% during the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 3,205 shares of the computer hardware maker's stock valued at $430,000 after purchasing an additional 940 shares in the last quarter. Trinity Legacy Partners LLC lifted its stake in shares of NVIDIA by 2.2% in the 4th quarter. Trinity Legacy Partners LLC now owns 92,924 shares of the computer hardware maker's stock valued at $12,479,000 after purchasing an additional 1,996 shares during the period. Financial Harvest LLC purchased a new stake in NVIDIA during the fourth quarter worth $1,482,000. Finally, Nicholson Wealth Management Group LLC acquired a new stake in NVIDIA during the fourth quarter valued at $235,000. 65.27% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on NVDA shares. DZ Bank upgraded shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. Cantor Fitzgerald reiterated an "overweight" rating and set a $200.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. KeyCorp set a $190.00 price objective on NVIDIA in a research report on Wednesday, March 19th. William Blair reiterated an "outperform" rating on shares of NVIDIA in a research report on Thursday, March 20th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $220.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Four equities research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $171.51.
Get Our Latest Stock Report on NVDA
Insiders Place Their Bets
In other news, CFO Colette Kress sold 66,660 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the sale, the chief financial officer now 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ajay K. Puri sold 36,462 shares of the company's 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 disclosure for this sale can be found here. Insiders have sold 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 Stock Down 1.6 %
Shares of NASDAQ NVDA traded down $1.76 during trading on Friday, reaching $109.67. 229,047,047 shares of the stock were exchanged, compared to its average volume of 314,707,778. The company has a market capitalization of $2.68 trillion, a price-to-earnings ratio of 43.16, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77. The business's 50-day moving average price is $125.01 and its 200 day moving average price 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 twelve month low of $75.61 and a twelve month high of $195.95.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.05. The firm 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 forecast that NVIDIA Co. will post 2.77 EPS for the current fiscal year.
NVIDIA Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid 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 (DPR) is presently 1.36%.
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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