SMART Wealth LLC lifted its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 289.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 72,311 shares of the computer hardware maker's stock after purchasing an additional 53,747 shares during the period. NVIDIA comprises about 3.5% of SMART Wealth LLC's holdings, making the stock its 4th largest position. SMART Wealth LLC's holdings in NVIDIA were worth $9,711,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Ironwood Wealth Management LLC. increased its position in NVIDIA by 896.9% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker's stock valued at $782,000 after acquiring an additional 5,695 shares during the period. AMF Tjanstepension AB boosted its holdings in NVIDIA by 2.2% in the 3rd quarter. AMF Tjanstepension AB now owns 8,039,712 shares of the computer hardware maker's stock valued at $976,348,000 after purchasing an additional 169,445 shares in the last quarter. Bangor Savings Bank grew its holdings in NVIDIA by 538.6% during the third quarter. Bangor Savings Bank now owns 8,729 shares of the computer hardware maker's stock worth $1,060,000 after acquiring an additional 7,362 shares during the period. Chapin Davis Inc. raised its position in NVIDIA by 1.5% in the third quarter. Chapin Davis Inc. now owns 168,500 shares of the computer hardware maker's stock worth $20,463,000 after acquiring an additional 2,501 shares in the last quarter. Finally, Aprio Wealth Management LLC lifted its holdings in NVIDIA by 6.9% in the third quarter. Aprio Wealth Management LLC now owns 23,285 shares of the computer hardware maker's stock valued at $2,828,000 after acquiring an additional 1,510 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.
Wall Street Analyst Weigh In
NVDA has been the subject of a number of research analyst reports. Raymond James increased their price target on shares of NVIDIA from $140.00 to $170.00 and gave the company a "strong-buy" rating in a report on Thursday, November 14th. Stifel Nicolaus lifted their price target on shares of NVIDIA from $165.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Redburn Atlantic initiated coverage on NVIDIA in a research note on Tuesday, November 12th. They set a "buy" rating and a $178.00 price target on the stock. Mizuho raised their price objective on NVIDIA from $165.00 to $175.00 and gave the company an "outperform" rating in a research note on Thursday, November 21st. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $220.00 target price on shares of NVIDIA in a research report on Monday, February 24th. Four analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $171.69.
Check Out Our Latest Research Report on NVDA
NVIDIA Stock Up 6.1 %
Shares of NASDAQ:NVDA traded up $6.67 during midday trading on Wednesday, hitting $115.42. 264,973,295 shares of the company's stock traded hands, compared to its average volume of 326,533,124. NVIDIA Co. has a twelve month low of $75.61 and a twelve month high of $153.13. The company has a market cap of $2.82 trillion, a PE ratio of 45.50, 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 firm's fifty day moving average price is $130.54 and its two-hundred day moving average price is $131.42.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping 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 company 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 EPS for the current fiscal year.
NVIDIA Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.01 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA's dividend payout ratio is presently 1.36%.
Insider Buying and Selling
In related news, EVP Ajay K. Puri sold 36,462 shares of the business's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the completion of the sale, the executive vice president now directly owns 3,902,888 shares of the company's stock, valued at $589,726,376.80. The trade was a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Colette Kress sold 66,670 shares of the business's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $135.40, for a total value of $9,027,118.00. Following the completion of the sale, the chief financial officer now owns 3,351,572 shares of the company's stock, valued at $453,802,848.80. This trade represents a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,107,632 shares of company stock worth $146,405,286. 4.23% of the stock is currently owned by corporate insiders.
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.
Further Reading
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