NCP Inc. boosted its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 12.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 231,811 shares of the computer hardware maker's stock after buying an additional 25,746 shares during the quarter. NVIDIA makes up about 16.0% of NCP Inc.'s holdings, making the stock its 2nd biggest holding. NCP Inc.'s holdings in NVIDIA were worth $31,130,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP increased its position in NVIDIA by 59.3% during the 4th quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock valued at $3,586,000 after purchasing an additional 9,944 shares during the period. Palisade Asset Management LLC increased its position in shares of NVIDIA by 0.5% during the third quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker's stock valued at $1,866,000 after buying an additional 75 shares during the period. SMART Wealth LLC increased its position in shares of NVIDIA by 289.5% during the fourth quarter. SMART Wealth LLC now owns 72,311 shares of the computer hardware maker's stock valued at $9,711,000 after buying an additional 53,747 shares during the period. Blue Square Asset Management LLC raised its stake in NVIDIA by 26.7% in the third quarter. Blue Square Asset Management LLC now owns 48,093 shares of the computer hardware maker's stock worth $5,840,000 after buying an additional 10,136 shares in the last quarter. Finally, Wealthspire Advisors LLC lifted its holdings in NVIDIA by 29.6% in the fourth quarter. Wealthspire Advisors LLC now owns 174,896 shares of the computer hardware maker's stock worth $23,487,000 after buying an additional 39,944 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the company. KeyCorp set a $190.00 target price on NVIDIA in a research report on Wednesday, March 19th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $220.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Benchmark reissued a "buy" rating and set a $190.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Bank of America restated a "buy" rating and set a $200.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Finally, DA Davidson decreased their price target on shares of NVIDIA from $135.00 to $125.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. Six analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and a consensus target price of $169.89.
View Our Latest Research Report on NVIDIA
Insiders Place Their Bets
In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the sale, the insider now directly owns 479,428 shares of the company's stock, valued at approximately $55,997,190.40. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction on 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 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 disclosure for this sale can be found here. Insiders sold 183,609 shares of company stock worth $22,642,615 in the last three months. 4.23% of the stock is owned by company insiders.
NVIDIA Stock Performance
NVIDIA stock traded down $7.49 during midday trading on Friday, hitting $94.31. The stock had a trading volume of 529,399,816 shares, compared to its average volume of 312,806,578. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 52-week low of $75.61 and a 52-week high of $195.95. The company has a market capitalization of $2.30 trillion, a PE ratio of 37.12, a P/E/G ratio of 1.76 and a beta of 1.96. The firm's fifty day moving average is $121.20 and its two-hundred day moving average is $131.07.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. The company had revenue of $39.33 billion for 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, research analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.
NVIDIA Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors 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 yield of 0.04%. NVIDIA's dividend payout ratio 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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