Wealthstar Advisors LLC bought a new stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,268 shares of the computer hardware maker's stock, valued at approximately $2,588,000. NVIDIA accounts for about 1.1% of Wealthstar Advisors LLC's holdings, making the stock its 14th biggest position.
Several other hedge funds have also recently added to or reduced their stakes in NVDA. AMF Tjanstepension AB lifted its stake in 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 buying an additional 169,445 shares during the period. Wealth Group Ltd. lifted its stake in NVIDIA by 5.0% in 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. Sanders Morris Harris LLC increased its holdings in shares of NVIDIA by 4.9% in the third quarter. Sanders Morris Harris LLC now owns 195,010 shares of the computer hardware maker's stock worth $23,682,000 after acquiring an additional 9,040 shares in the last quarter. Atlas Private Wealth Advisors increased its holdings in shares of NVIDIA by 6.1% in the third quarter. Atlas Private Wealth Advisors now owns 13,918 shares of the computer hardware maker's stock worth $1,690,000 after acquiring an additional 800 shares in the last quarter. Finally, Morton Capital Management LLC CA increased its holdings in shares of NVIDIA by 36.2% in the third quarter. Morton Capital Management LLC CA now owns 22,942 shares of the computer hardware maker's stock worth $2,786,000 after acquiring an additional 6,101 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.
Insiders Place Their Bets
In other news, EVP Ajay K. Puri sold 36,462 shares of NVIDIA stock in a transaction on 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 approximately $589,726,376.80. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction on Friday, December 13th. The shares were sold at an average price of $135.28, for a total value of $608,760.00. Following the completion of the transaction, the insider now 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 a total of 1,107,632 shares of company stock worth $146,405,286 in the last 90 days. Company insiders own 4.23% of the company's stock.
NVIDIA Stock Performance
NASDAQ:NVDA opened at $108.76 on Wednesday. The stock has a 50 day simple moving average of $130.54 and a 200 day simple moving average of $131.42. NVIDIA Co. has a 1-year low of $75.61 and a 1-year high of $153.13. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The stock has a market cap of $2.65 trillion, a P/E ratio of 42.80, a PEG ratio of 1.76 and a beta of 1.77.
NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data 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. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. Research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.
NVIDIA Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders 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 dividend on an annualized basis and a yield of 0.04%. NVIDIA's dividend payout ratio (DPR) is presently 1.36%.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on the company. DA Davidson restated a "neutral" rating and issued a $135.00 price target on shares of NVIDIA in a report on Thursday, February 27th. Bank of America increased their price target on NVIDIA from $190.00 to $200.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. The Goldman Sachs Group increased their price target on NVIDIA from $150.00 to $165.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Mizuho increased their price target on NVIDIA from $165.00 to $175.00 and gave the stock an "outperform" rating in a report on Thursday, November 21st. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $200.00 price objective on shares of NVIDIA 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 stock. According to data from MarketBeat.com, NVIDIA currently has a consensus rating of "Moderate Buy" and an average price target of $171.69.
Read Our Latest Stock Analysis on NVIDIA
About NVIDIA
(
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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Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Co. (NASDAQ:NVDA - Free Report).
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