Washburn Capital Management Inc. lifted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 20.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 46,487 shares of the computer hardware maker's stock after buying an additional 7,793 shares during the period. NVIDIA accounts for approximately 3.2% of Washburn Capital Management Inc.'s holdings, making the stock its 6th biggest position. Washburn Capital Management Inc.'s holdings in NVIDIA were worth $6,243,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of NVDA. Hoertkorn Richard Charles lifted its stake in NVIDIA by 2.0% during the third quarter. Hoertkorn Richard Charles now owns 3,490 shares of the computer hardware maker's stock valued at $424,000 after purchasing an additional 70 shares during the last quarter. DiNuzzo Private Wealth Inc. increased its stake in NVIDIA by 0.8% in the 4th quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker's stock valued at $1,157,000 after buying an additional 71 shares during the period. Smart Portfolios LLC increased its stake in NVIDIA by 2.7% in the 3rd quarter. Smart Portfolios LLC now owns 2,805 shares of the computer hardware maker's stock valued at $341,000 after buying an additional 75 shares during the period. Palisade Asset Management LLC increased its stake in NVIDIA by 0.5% in the 3rd quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker's stock valued at $1,866,000 after buying an additional 75 shares during the period. Finally, Baker Boyer National Bank increased its stake in NVIDIA by 3.3% in the 4th quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker's stock valued at $323,000 after buying an additional 76 shares during the period. Institutional investors own 65.27% of the company's stock.
NVIDIA Stock Up 1.7 %
Shares of NASDAQ:NVDA opened at $108.76 on Wednesday. NVIDIA Co. has a one year low of $75.61 and a one year high of $153.13. The company has a 50 day moving average of $130.54 and a 200-day moving average of $131.42. 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 has a market cap of $2.65 trillion, a price-to-earnings ratio of 42.80, a P/E/G ratio of 1.76 and a beta of 1.77.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $39.33 billion during the quarter, compared to analysts' expectations of $38.16 billion. On average, sell-side analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.
NVIDIA Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors 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 yield of 0.04%. The ex-dividend date is Wednesday, March 12th. NVIDIA's payout ratio is 1.36%.
Insider Buying and Selling
In related news, CFO Colette Kress sold 66,670 shares of NVIDIA stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $135.28, for a total transaction of $608,760.00. Following the completion of the transaction, the insider now directly owns 480,899 shares in the company, valued at approximately $65,056,016.72. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,107,632 shares of company stock valued at $146,405,286 in the last 90 days. 4.23% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on NVDA shares. Truist Financial increased their price target on shares of NVIDIA from $204.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Benchmark reissued a "buy" rating and issued a $190.00 price target on shares of NVIDIA in a report on Thursday, February 27th. 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. Oppenheimer reaffirmed an "outperform" rating and set a $175.00 price objective on shares of NVIDIA in a report on Thursday, November 21st. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $220.00 price objective on shares of NVIDIA in a report on Monday, February 24th. Four research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $171.69.
View Our Latest Stock Report 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.
Further Reading
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