Lowe Brockenbrough & Co. Inc. raised its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 2.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 182,599 shares of the computer hardware maker's stock after acquiring an additional 4,148 shares during the quarter. NVIDIA accounts for about 1.6% of Lowe Brockenbrough & Co. Inc.'s portfolio, making the stock its 11th biggest holding. Lowe Brockenbrough & Co. Inc.'s holdings in NVIDIA were worth $24,521,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. SOA Wealth Advisors LLC. increased its stake in NVIDIA by 0.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker's stock worth $14,650,000 after purchasing an additional 350 shares in the last quarter. Swedbank AB increased its position in shares of NVIDIA by 4.8% in the third 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 in the last quarter. Impax Asset Management Group plc raised its holdings in shares of NVIDIA by 13.2% during the third quarter. Impax Asset Management Group plc now owns 5,501,589 shares of the computer hardware maker's stock valued at $667,278,000 after acquiring an additional 640,840 shares during the period. Principal Financial Group Inc. lifted its position in shares of NVIDIA by 3.7% in the 3rd quarter. Principal Financial Group Inc. now owns 35,627,274 shares of the computer hardware maker's stock valued at $4,326,576,000 after acquiring an additional 1,285,897 shares in the last quarter. Finally, GSG Advisors LLC boosted its stake in NVIDIA by 6.7% in the 3rd quarter. GSG Advisors LLC now owns 41,013 shares of the computer hardware maker's stock worth $4,799,000 after purchasing an additional 2,593 shares during the period. Institutional investors own 65.27% of the company's stock.
NVIDIA Price Performance
NASDAQ:NVDA opened at $106.43 on Friday. The company has a market capitalization of $2.60 trillion, a price-to-earnings ratio of 41.89, a PEG ratio of 1.76 and a beta of 1.96. The company has a 50-day moving average of $113.77 and a 200-day moving average of $129.16. NVIDIA Co. has a 52 week low of $78.22 and a 52 week high of $195.95. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.
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, beating the consensus estimate of $0.84 by $0.05. The company had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. As a group, equities research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.
NVIDIA Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were paid a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. NVIDIA's dividend payout ratio is presently 1.36%.
Insider Buying and Selling
In other NVIDIA news, Director John Dabiri sold 2,663 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the sale, the director now directly owns 17,279 shares of the company's stock, valued at approximately $1,900,690. This represents a 13.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert K. Burgess sold 53,324 shares of NVIDIA stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the completion of the transaction, the director now owns 251,044 shares of the company's stock, valued at $28,993,071.56. This trade represents a 17.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock worth $17,133,207 in the last quarter. 4.23% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the stock. HSBC downgraded shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 target price on the stock. in a research note on Thursday, April 3rd. Piper Sandler reduced their price objective on NVIDIA from $175.00 to $150.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Susquehanna restated a "positive" rating and set a $180.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Benchmark reiterated a "buy" rating and issued a $190.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Finally, Mizuho decreased their price target on shares of NVIDIA from $175.00 to $168.00 and set an "outperform" rating for the company in a report on Friday, March 14th. Six equities research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $165.01.
Check Out Our Latest Research Report 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.
See Also
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