Sage Private Wealth Group LLC raised its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 538.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,154 shares of the computer hardware maker's stock after purchasing an additional 22,059 shares during the quarter. NVIDIA accounts for approximately 2.6% of Sage Private Wealth Group LLC's holdings, making the stock its 7th biggest position. Sage Private Wealth Group LLC's holdings in NVIDIA were worth $3,512,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the company. Sonata Capital Group Inc. grew its stake in shares of NVIDIA by 1.4% during the 4th quarter. Sonata Capital Group Inc. now owns 7,012 shares of the computer hardware maker's stock valued at $942,000 after purchasing an additional 100 shares during the period. David Wealth Management LLC purchased a new position in shares of NVIDIA during the 4th quarter valued at about $2,202,000. Montz Harcus Wealth Management LLC lifted its position in shares of NVIDIA by 3.3% during the 4th quarter. Montz Harcus Wealth Management LLC now owns 18,469 shares of the computer hardware maker's stock valued at $2,480,000 after buying an additional 583 shares in the last quarter. Schear Investment Advisers LLC lifted its position in shares of NVIDIA by 3.3% during the 4th quarter. Schear Investment Advisers LLC now owns 112,872 shares of the computer hardware maker's stock valued at $15,158,000 after buying an additional 3,630 shares in the last quarter. Finally, Sather Financial Group Inc lifted its position in shares of NVIDIA by 19.7% during the 4th quarter. Sather Financial Group Inc now owns 9,080 shares of the computer hardware maker's stock valued at $1,219,000 after buying an additional 1,496 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.
NVIDIA Stock Performance
NASDAQ NVDA opened at $121.67 on Friday. The company has a market cap of $2.97 trillion, a P/E ratio of 47.88, a P/E/G ratio of 1.76 and a beta of 1.77. 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 business's 50 day moving average price is $129.26 and its 200-day moving average price is $131.17. NVIDIA Co. has a fifty-two week low of $75.61 and a fifty-two week high of $153.13.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results 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. The firm had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. Sell-side analysts predict 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. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date is Wednesday, March 12th. NVIDIA's payout ratio is 1.36%.
Insider Transactions at NVIDIA
In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the completion of the sale, the director now directly owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. This trade represents a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 sale, the director now 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,039,125 shares of company stock valued at $137,062,338. 4.23% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
NVDA has been the topic of a number of analyst reports. TD Cowen lifted their price objective on NVIDIA from $165.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Phillip Securities reaffirmed an "accumulate" rating and set a $160.00 price objective (up from $155.00) on shares of NVIDIA in a research report on Friday, November 22nd. Bank of America lifted their price objective on NVIDIA from $190.00 to $200.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Robert W. Baird lifted their price objective on NVIDIA from $150.00 to $190.00 and gave the company an "outperform" rating in a research report on Thursday, November 21st. Finally, Morgan Stanley reissued an "overweight" rating and issued a $162.00 price target (up from $152.00) on shares of NVIDIA in a report on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $171.51.
Check Out Our Latest Analysis 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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