Fagan Associates Inc. lessened 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 (SEC). The firm owned 164,508 shares of the computer hardware maker's stock after selling 3,944 shares during the quarter. NVIDIA accounts for 3.5% of Fagan Associates Inc.'s investment portfolio, making the stock its 4th largest position. Fagan Associates Inc.'s holdings in NVIDIA were worth $22,092,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of NVDA. International Assets Investment Management LLC lifted its stake in NVIDIA by 12,898.6% in the third quarter. International Assets Investment Management LLC now owns 56,292,986 shares of the computer hardware maker's stock valued at $6,836,220,000 after purchasing an additional 55,859,917 shares during the last quarter. Clear Street Derivatives LLC purchased a new position in shares of NVIDIA during the 3rd quarter valued at $4,589,905,000. Geode Capital Management LLC grew its stake in shares of NVIDIA by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 546,079,492 shares of the computer hardware maker's stock worth $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 increased its holdings in NVIDIA by 3.8% in the 3rd 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 worth $21,908,236,000 after acquiring an additional 6,526,200 shares during the last quarter. Finally, National Pension Service raised its stake in NVIDIA by 14.9% in the 3rd quarter. National Pension Service now owns 47,220,708 shares of the computer hardware maker's stock valued at $5,734,483,000 after acquiring an additional 6,118,674 shares during the period. Institutional investors own 65.27% of the company's stock.
Insider Buying and Selling at NVIDIA
In related news, Director Robert K. Burgess sold 53,324 shares of NVIDIA stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the sale, the director now owns 251,044 shares in the company, valued at $28,993,071.56. The trade was a 17.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's stock in a transaction 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 transaction, the insider now owns 479,428 shares of the company's stock, valued at $55,997,190.40. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 183,609 shares of company stock worth $22,642,615. 4.23% of the stock is currently owned by company insiders.
NVIDIA Trading Down 1.6 %
Shares of NASDAQ NVDA traded down $1.76 during midday trading on Friday, reaching $109.67. The company had a trading volume of 229,047,047 shares, compared to its average volume of 315,186,387. The firm's fifty day moving average price is $125.57 and its 200-day moving average price is $131.32. 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 one year low of $75.61 and a one year high of $195.95. The stock has a market cap of $2.68 trillion, a PE ratio of 43.16, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77.
NVIDIA (NASDAQ:NVDA - Get Free Report) last announced 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. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. On average, equities research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.
NVIDIA Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is presently 1.36%.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on NVDA. Benchmark reiterated a "buy" rating and set a $190.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Bank of America reaffirmed a "buy" rating and issued a $200.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Rosenblatt Securities restated a "buy" rating and set a $220.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. DA Davidson reduced their price target on NVIDIA from $135.00 to $125.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. Finally, HSBC dropped their price objective on NVIDIA from $195.00 to $185.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Four analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $171.51.
View Our Latest Research Report on NVDA
NVIDIA Company Profile
(
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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