UNICOM Systems Inc. Takes Position in NVIDIA Co. (NASDAQ:NVDA)

UNICOM Systems Inc. acquired a new stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 642,898 shares of the computer hardware maker's stock, valued at approximately $86,335,000. NVIDIA makes up 21.0% of UNICOM Systems Inc.'s portfolio, making the stock its 2nd biggest position.

Several other institutional investors and hedge funds have also made changes to their positions in NVDA. Hoertkorn Richard Charles boosted its position in shares of NVIDIA by 2.0% in the third quarter. Hoertkorn Richard Charles now owns 3,490 shares of the computer hardware maker's stock worth $424,000 after buying an additional 70 shares during the period. DiNuzzo Private Wealth Inc. boosted its position in shares of NVIDIA by 0.8% in the fourth quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker's stock worth $1,157,000 after buying an additional 71 shares during the period. Smart Portfolios LLC boosted its position in shares of NVIDIA by 2.7% in the third quarter. Smart Portfolios LLC now owns 2,805 shares of the computer hardware maker's stock worth $341,000 after buying an additional 75 shares during the period. Palisade Asset Management LLC boosted its position in shares of NVIDIA by 0.5% in the third quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker's stock worth $1,866,000 after buying an additional 75 shares during the period. Finally, Baker Boyer National Bank boosted its position in shares of NVIDIA by 3.3% in the fourth quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker's stock worth $323,000 after buying an additional 76 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NVDA has been the subject of several analyst reports. Rosenblatt Securities reaffirmed a "buy" rating and issued a $220.00 target price on shares of NVIDIA in a research report on Monday, February 24th. Phillip Securities reissued an "accumulate" rating and issued a $160.00 price target (up previously from $155.00) on shares of NVIDIA in a report on Friday, November 22nd. DA Davidson reissued a "neutral" rating and issued a $135.00 price target on shares of NVIDIA in a report on Thursday, February 27th. Needham & Company LLC reissued a "buy" rating and issued a $160.00 price target on shares of NVIDIA in a report on Thursday, February 27th. Finally, Bank of America increased their price target on NVIDIA from $190.00 to $200.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Four research 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. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus target price of $171.51.

Remove Ads

NVIDIA Stock Up 5.3 %

Shares of NVDA stock opened at $121.67 on Friday. NVIDIA Co. has a 1 year low of $75.61 and a 1 year high of $153.13. The stock has a market cap of $2.97 trillion, a PE ratio of 47.88, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77. The business's fifty day moving average is $129.26 and its 200-day moving average is $131.17. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $39.33 billion during 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%. Equities analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed 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. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA's dividend payout ratio is presently 1.36%.

Insider Transactions at NVIDIA

In other news, Director Tench Coxe sold 1,000,000 shares of the firm's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the completion of the sale, the director now directly owns 28,671,360 shares of the company's stock, valued at $3,763,402,713.60. This trade represents a 3.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the sale, the director now directly owns 17,279 shares of the company's stock, valued at approximately $1,900,690. This represents a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,039,125 shares of company stock valued at $137,062,338 in the last three months. 4.23% of the stock is currently owned by corporate insiders.

NVIDIA Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.