Trifecta Capital Advisors LLC cut its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 205,444 shares of the computer hardware maker's stock after selling 2,707 shares during the quarter. NVIDIA accounts for 5.4% of Trifecta Capital Advisors LLC's portfolio, making the stock its 3rd largest holding. Trifecta Capital Advisors LLC's holdings in NVIDIA were worth $27,589,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also modified their holdings of the company. AMF Tjanstepension AB lifted its holdings in shares of NVIDIA by 2.2% in the third 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. Wealth Group Ltd. raised its position in NVIDIA by 5.0% during the third quarter. Wealth Group Ltd. now owns 5,602 shares of the computer hardware maker's stock valued at $680,000 after buying an additional 265 shares during the period. SOA Wealth Advisors LLC. lifted its stake in NVIDIA by 0.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker's stock worth $14,650,000 after acquiring an additional 350 shares in the last quarter. Swedbank AB boosted its position in NVIDIA by 4.8% during the 3rd quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker's stock worth $4,965,526,000 after acquiring an additional 1,868,358 shares during the period. Finally, Sterling Financial Group Inc. grew its stake in NVIDIA by 1.9% during the 3rd quarter. Sterling Financial Group Inc. now owns 15,225 shares of the computer hardware maker's stock valued at $1,849,000 after acquiring an additional 285 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
NVDA has been the subject of a number of research analyst reports. Rosenblatt Securities reissued a "buy" rating and issued a $220.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Summit Insights cut shares of NVIDIA from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. Stifel Nicolaus set a $180.00 price objective on NVIDIA in a research report on Wednesday, March 19th. William Blair reiterated an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. Finally, Tigress Financial reissued a "buy" rating on shares of NVIDIA in a research note on Wednesday, February 26th. Four research 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 MarketBeat, NVIDIA presently has an average rating of "Moderate Buy" and a consensus price target of $171.51.
View Our Latest Analysis on NVDA
NVIDIA Price Performance
Shares of NVDA traded up $1.77 during trading hours on Tuesday, hitting $110.15. The stock had a trading volume of 221,470,191 shares, compared to its average volume of 313,731,974. NVIDIA Co. has a 52 week low of $75.61 and a 52 week high of $195.95. The stock has a market capitalization of $2.69 trillion, a price-to-earnings ratio of 43.35, a P/E/G ratio of 1.76 and a beta of 1.77. The company's fifty day moving average is $124.42 and its two-hundred day moving average is $131.53. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping 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 return on equity of 114.83% and a net margin of 55.69%. On average, analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.
NVIDIA Announces Dividend
The business also recently announced 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. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. NVIDIA's payout ratio is 1.36%.
Insider Activity
In related news, EVP Ajay K. Puri sold 36,462 shares of the firm'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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert K. Burgess sold 53,324 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the sale, the director now directly owns 251,044 shares of the company's stock, valued at approximately $28,993,071.56. This trade represents a 17.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 183,609 shares of company stock valued at $22,642,615 over the last three months. 4.23% of the stock is owned by 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.
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