Fishman Jay A Ltd. MI increased its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 12.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 239,898 shares of the computer hardware maker's stock after purchasing an additional 27,498 shares during the quarter. NVIDIA makes up about 3.0% of Fishman Jay A Ltd. MI's portfolio, making the stock its 10th largest holding. Fishman Jay A Ltd. MI's holdings in NVIDIA were worth $32,216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also added to or reduced their stakes in the stock. Hoertkorn Richard Charles lifted its holdings in NVIDIA by 2.0% in the third quarter. Hoertkorn Richard Charles now owns 3,490 shares of the computer hardware maker's stock valued at $424,000 after acquiring an additional 70 shares during the period. DiNuzzo Private Wealth Inc. lifted its holdings in NVIDIA by 0.8% in the fourth quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker's stock valued at $1,157,000 after acquiring an additional 71 shares during the period. Smart Portfolios LLC lifted its holdings in NVIDIA by 2.7% in the third quarter. Smart Portfolios LLC now owns 2,805 shares of the computer hardware maker's stock valued at $341,000 after acquiring an additional 75 shares during the period. Palisade Asset Management LLC raised its stake in shares of NVIDIA by 0.5% during the 3rd quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker's stock worth $1,866,000 after buying an additional 75 shares during the period. Finally, Baker Boyer National Bank raised its stake in shares of NVIDIA by 3.3% during the 4th quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker's stock worth $323,000 after buying an additional 76 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at NVIDIA
In other NVIDIA news, Director John Dabiri sold 2,663 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the transaction, the director now directly owns 17,279 shares of the company's stock, valued at approximately $1,900,690. This trade represents a 13.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the transaction, the executive vice president now directly owns 3,902,888 shares of the company's stock, valued at approximately $589,726,376.80. 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 three months, insiders sold 1,039,125 shares of company stock valued at $137,062,338. Corporate insiders own 4.23% of the company's stock.
Analyst Ratings Changes
Several brokerages have recently weighed in on NVDA. Robert W. Baird upped their target price on NVIDIA from $150.00 to $190.00 and gave the stock an "outperform" rating in a research note on Thursday, November 21st. TD Cowen upped their target price on NVIDIA from $165.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Benchmark restated a "buy" rating and issued a $190.00 price objective on shares of NVIDIA in a report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft upped their target price on shares of NVIDIA from $115.00 to $140.00 and gave the stock a "hold" rating in a report on Thursday, November 21st. Finally, Loop Capital reiterated a "buy" rating and issued a $175.00 target price on shares of NVIDIA in a report on Wednesday, November 20th. Four analysts have rated the stock with a hold rating, thirty-seven have given 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 $171.51.
Get Our Latest Analysis on NVIDIA
NVIDIA Stock Performance
NASDAQ NVDA traded up $6.09 during trading hours on Friday, hitting $121.67. 276,579,395 shares of the stock were exchanged, compared to its average volume of 321,405,241. The company has a market cap of $2.97 trillion, a price-to-earnings ratio of 47.88, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77. NVIDIA Co. has a 12-month low of $75.61 and a 12-month high of $153.13. The stock has a 50-day moving average of $129.26 and a 200 day moving average of $131.19. 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 (NASDAQ:NVDA - Get Free Report) last posted 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. The firm had revenue of $39.33 billion during 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%. As a group, equities research analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.
NVIDIA Dividend Announcement
The business also recently announced 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. The ex-dividend date is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. 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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