Knuff & Co LLC decreased its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 5.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,745 shares of the computer hardware maker's stock after selling 3,025 shares during the period. NVIDIA comprises 2.1% of Knuff & Co LLC's portfolio, making the stock its 13th largest holding. Knuff & Co LLC's holdings in NVIDIA were worth $6,985,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the company. Wealth Group Ltd. boosted its holdings in NVIDIA by 5.0% during the third quarter. Wealth Group Ltd. now owns 5,602 shares of the computer hardware maker's stock worth $680,000 after buying an additional 265 shares in the last quarter. SOA Wealth Advisors LLC. grew its holdings in shares of 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 acquiring an additional 350 shares during the period. Swedbank AB increased its stake in NVIDIA by 4.8% in the 3rd quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker's stock valued at $4,965,526,000 after purchasing an additional 1,868,358 shares in the last quarter. Donaldson Capital Management LLC raised its holdings in NVIDIA by 31.6% during the third quarter. Donaldson Capital Management LLC now owns 54,729 shares of the computer hardware maker's stock worth $6,646,000 after purchasing an additional 13,126 shares during the last quarter. Finally, Retirement Financial Solutions LLC boosted its position in NVIDIA by 3.2% during the third quarter. Retirement Financial Solutions LLC now owns 3,489 shares of the computer hardware maker's stock worth $424,000 after purchasing an additional 109 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on NVDA. Susquehanna reaffirmed a "positive" rating and set a $180.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Rosenblatt Securities cut their target price on shares of NVIDIA from $220.00 to $200.00 and set a "buy" rating for the company in a research report on Wednesday. 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. UBS Group cut their price objective on NVIDIA from $185.00 to $180.00 and set a "buy" rating for the company in a research report on Thursday. Finally, KeyCorp set a $190.00 target price on NVIDIA in a report on Wednesday, March 19th. Six investment analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $165.51.
View Our Latest Report on NVIDIA
NVIDIA Stock Performance
NASDAQ NVDA traded down $3.16 during trading hours on Friday, reaching $101.33. The company's stock had a trading volume of 290,593,259 shares, compared to its average volume of 312,556,411. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The business has a 50-day simple moving average of $117.19 and a 200 day simple moving average of $129.89. NVIDIA Co. has a 52 week low of $75.61 and a 52 week high of $195.95. The stock has a market cap of $2.47 trillion, a PE ratio of 39.88, a PEG ratio of 1.76 and a beta of 1.96.
NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $38.16 billion. Equities research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.
NVIDIA Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders 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 annualized dividend and a dividend yield of 0.04%. NVIDIA's dividend payout ratio (DPR) is 1.36%.
Insider Buying and Selling
In other news, CFO Colette Kress sold 66,660 shares of the business's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the sale, the chief financial officer now directly owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. The trade was a 2.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the completion of the transaction, the director now directly owns 53,208 shares in the company, valued at $6,300,891.36. This represents a 27.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock valued at $17,133,207 over the last three months. Company insiders own 4.23% of the company's stock.
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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