Teachers Retirement System of The State of Kentucky reduced its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 2.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,728,893 shares of the computer hardware maker's stock after selling 89,517 shares during the period. NVIDIA comprises 3.9% of Teachers Retirement System of The State of Kentucky's investment portfolio, making the stock its 2nd largest holding. Teachers Retirement System of The State of Kentucky's holdings in NVIDIA were worth $452,836,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Asset Allocation Strategies LLC increased its holdings in NVIDIA by 38.1% in the third quarter. Asset Allocation Strategies LLC now owns 6,944 shares of the computer hardware maker's stock valued at $843,000 after purchasing an additional 1,915 shares during the period. Chiron Investment Management LLC grew its position in shares of NVIDIA by 2.3% in the 3rd quarter. Chiron Investment Management LLC now owns 111,878 shares of the computer hardware maker's stock valued at $13,586,000 after buying an additional 2,561 shares during the last quarter. Brown Financial Advisors increased its stake in shares of NVIDIA by 16.4% in the third quarter. Brown Financial Advisors now owns 34,822 shares of the computer hardware maker's stock valued at $4,229,000 after buying an additional 4,899 shares during the period. Coldstream Capital Management Inc. increased its stake in shares of NVIDIA by 13.0% in the third quarter. Coldstream Capital Management Inc. now owns 630,057 shares of the computer hardware maker's stock valued at $78,339,000 after buying an additional 72,548 shares during the period. Finally, Gould Capital LLC raised its position in shares of NVIDIA by 10.7% during the third quarter. Gould Capital LLC now owns 2,563 shares of the computer hardware maker's stock worth $311,000 after acquiring an additional 247 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.
Insider Buying and Selling at NVIDIA
In other news, Director John Dabiri sold 716 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $142.00, for a total value of $101,672.00. Following the sale, the director now directly owns 19,942 shares of the company's stock, valued at approximately $2,831,764. This represents a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of the business'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 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 represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,108,348 shares of company stock valued at $146,506,958 in the last 90 days. 4.23% of the stock is currently owned by company insiders.
NVIDIA Stock Performance
Shares of NVDA opened at $140.83 on Wednesday. NVIDIA Co. has a 1 year low of $58.58 and a 1 year high of $153.13. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The stock's fifty day moving average price is $138.84 and its two-hundred day moving average price is $129.11. The firm has a market cap of $3.45 trillion, a PE ratio of 55.42, a PEG ratio of 2.48 and a beta of 1.64.
NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.12. The business had revenue of $35.08 billion for the quarter, compared to analysts' expectations of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm's quarterly revenue was up 93.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.38 EPS. On average, equities research analysts forecast that NVIDIA Co. will post 2.78 EPS for the current year.
NVIDIA Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were paid a $0.01 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA's dividend payout ratio is 1.57%.
Analysts Set New Price Targets
A number of analysts have weighed in on NVDA shares. Evercore ISI increased their target price on shares of NVIDIA from $189.00 to $190.00 and gave the company an "outperform" rating in a research report on Thursday, November 21st. Raymond James increased their price objective on shares of NVIDIA from $140.00 to $170.00 and gave the stock a "strong-buy" rating in a research report on Thursday, November 14th. Benchmark restated a "buy" rating and issued a $190.00 target price on shares of NVIDIA in a report on Tuesday, January 7th. DA Davidson increased their price target on NVIDIA from $90.00 to $135.00 and gave the stock a "neutral" rating in a report on Friday, November 22nd. Finally, Loop Capital reissued a "buy" rating and issued a $175.00 price objective on shares of NVIDIA in a research report on Wednesday, November 20th. Four investment analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $164.63.
Read Our Latest Stock 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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