Portfolio Design Labs LLC raised its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 18.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 180,049 shares of the computer hardware maker's stock after acquiring an additional 27,934 shares during the quarter. NVIDIA makes up approximately 5.0% of Portfolio Design Labs LLC's holdings, making the stock its 3rd biggest position. Portfolio Design Labs LLC's holdings in NVIDIA were worth $24,179,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in NVDA. Palisade Asset Management LLC boosted its holdings in shares of NVIDIA by 0.5% in the 3rd 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 last quarter. SMART Wealth LLC boosted its holdings in shares of NVIDIA by 289.5% in the 4th 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 last quarter. Blue Square Asset Management LLC boosted its holdings in shares of NVIDIA by 26.7% in the 3rd quarter. Blue Square Asset Management LLC now owns 48,093 shares of the computer hardware maker's stock valued at $5,840,000 after buying an additional 10,136 shares during the last quarter. Narwhal Capital Management boosted its holdings in shares of NVIDIA by 5.1% in the 3rd quarter. Narwhal Capital Management now owns 545,676 shares of the computer hardware maker's stock valued at $66,267,000 after buying an additional 26,373 shares during the last quarter. Finally, Tybourne Capital Management HK Ltd. boosted its holdings in shares of NVIDIA by 46.7% in the 3rd quarter. Tybourne Capital Management HK Ltd. now owns 16,826 shares of the computer hardware maker's stock valued at $2,043,000 after buying an additional 5,360 shares during the last quarter. 65.27% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts have recently commented on NVDA shares. Phillip Securities reissued an "accumulate" rating and issued a $160.00 price objective (up previously from $155.00) on shares of NVIDIA in a report on Friday, November 22nd. Needham & Company LLC reiterated a "buy" rating and set a $160.00 target price on shares of NVIDIA in a research note on Thursday, February 27th. Barclays boosted their target price on NVIDIA from $160.00 to $175.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. Citigroup raised their price target on NVIDIA from $170.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Finally, Benchmark reiterated a "buy" rating and issued a $190.00 price objective on shares of NVIDIA in a report on Thursday, February 27th. Four analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, NVIDIA has a consensus rating of "Moderate Buy" and an average target price of $171.51.
Get Our Latest Stock Report on NVIDIA
NVIDIA Stock Up 5.3 %
Shares of NASDAQ NVDA opened at $121.67 on Friday. The company has a market cap of $2.97 trillion, a price-to-earnings ratio of 47.88, a PEG ratio of 1.76 and a beta of 1.77. 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 12 month low of $75.61 and a 12 month high of $153.13. The stock has a 50-day moving average price of $129.26 and a two-hundred day moving average price of $131.17.
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 (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $39.33 billion during the quarter, compared to analysts' expectations of $38.16 billion. As a group, analysts forecast 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 will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is 1.36%.
Insider Buying and Selling
In related news, EVP Ajay K. Puri sold 36,462 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $151.10, for a total value of $5,509,408.20. Following the completion of the transaction, the executive vice president now owns 3,902,888 shares in the company, valued at $589,726,376.80. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Dabiri sold 2,663 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was 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 in the company, valued at $1,900,690. The trade was a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,039,125 shares of company stock worth $137,062,338 in the last 90 days. 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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