Providence First Trust Co grew its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 15.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,083 shares of the computer hardware maker's stock after acquiring an additional 5,309 shares during the period. NVIDIA comprises 2.0% of Providence First Trust Co's holdings, making the stock its 14th biggest position. Providence First Trust Co's holdings in NVIDIA were worth $5,248,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in NVDA. Clear Street Derivatives LLC purchased a new stake in shares of NVIDIA in the third quarter valued at approximately $4,589,905,000. Proficio Capital Partners LLC raised its position in NVIDIA by 14,641.2% during the fourth quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker's stock worth $4,656,682,000 after acquiring an additional 34,441,082 shares during the period. Geode Capital Management LLC lifted its holdings in NVIDIA by 2.2% during the third quarter. Geode Capital Management LLC now owns 546,079,492 shares of the computer hardware maker's stock valued at $66,101,133,000 after purchasing an additional 11,525,969 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of NVIDIA by 3.8% during 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 purchasing an additional 6,526,200 shares during the last quarter. Finally, National Pension Service lifted 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 buying an additional 6,118,674 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently issued reports on NVDA shares. Mizuho lowered their price target on NVIDIA from $175.00 to $168.00 and set an "outperform" rating on the stock in a research note on Friday, March 14th. Hsbc Global Res cut shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday. Benchmark reissued a "buy" rating and issued a $190.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Needham & Company LLC restated a "buy" rating and issued a $160.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Finally, Summit Insights lowered NVIDIA from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. Six equities research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $169.89.
Check Out Our Latest Stock Report on NVIDIA
NVIDIA Trading Up 3.5 %
NVDA traded up $3.33 during trading on Monday, reaching $97.64. The company had a trading volume of 605,975,624 shares, compared to its average volume of 313,976,024. The firm's 50-day simple moving average is $121.20 and its 200 day simple moving average is $131.19. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The company has a market cap of $2.38 trillion, a price-to-earnings ratio of 38.43, a PEG ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a 12-month low of $75.61 and a 12-month high of $195.95.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. The business had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. Equities research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.
NVIDIA Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. NVIDIA's payout ratio is presently 1.36%.
Insider Buying and Selling at NVIDIA
In other news, 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 transaction of $2,368,400.00. Following the completion of the sale, the director now directly owns 53,208 shares in the company, valued at $6,300,891.36. The trade was a 27.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Colette Kress sold 66,660 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the transaction, the chief financial officer now directly owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. This represents a 2.11 % 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 in the last 90 days. 4.23% of the stock is currently owned by corporate insiders.
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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