A number of other hedge funds have also recently modified their holdings of the business. Tortoise Investment Management LLC raised its stake in shares of NVIDIA by 40.8% in the 2nd quarter. Tortoise Investment Management LLC now owns 183 shares of the computer hardware maker’s stock valued at $28,000 after acquiring an additional 53 shares during the period. Blue Bell Private Wealth Management LLC grew its holdings in shares of NVIDIA by 7.0% in the second quarter. Blue Bell Private Wealth Management LLC now owns 846 shares of the computer hardware maker’s stock valued at $128,000 after purchasing an additional 55 shares in the last quarter. Gould Capital LLC grew its holdings in shares of NVIDIA by 24.1% in the second quarter. Gould Capital LLC now owns 283 shares of the computer hardware maker’s stock valued at $43,000 after purchasing an additional 55 shares in the last quarter. D.B. Root & Company LLC grew its holdings in shares of NVIDIA by 1.5% in the second quarter. D.B. Root & Company LLC now owns 3,739 shares of the computer hardware maker’s stock valued at $566,000 after purchasing an additional 56 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV grew its holdings in shares of NVIDIA by 0.9% in the second quarter. Creative Financial Designs Inc. ADV now owns 6,093 shares of the computer hardware maker’s stock valued at $924,000 after purchasing an additional 57 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.
NVIDIA Stock Performance
NVIDIA stock traded up $5.37 during trading hours on Friday, reaching $173.02. 536,803 shares of the stock were exchanged, compared to its average volume of 43,918,500. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.74 and a current ratio of 3.39. NVIDIA Co. has a 52-week low of $108.13 and a 52-week high of $289.46. The firm’s 50 day moving average is $160.70 and its 200 day moving average is $153.03. The stock has a market cap of $430.82 billion, a P/E ratio of 71.34, a P/E/G ratio of 6.42 and a beta of 1.77.
NVIDIA (NASDAQ:NVDA – Get Rating) last announced its quarterly earnings data on Wednesday, November 16th. The computer hardware maker reported $0.34 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.10). NVIDIA had a net margin of 20.85% and a return on equity of 30.75%. The company had revenue of $5.93 billion during the quarter, compared to analyst estimates of $5.82 billion. During the same quarter last year, the business earned $1.01 EPS. The firm’s revenue for the quarter was down 16.5% on a year-over-year basis. Analysts predict that NVIDIA Co. will post 2.19 EPS for the current fiscal year.
NVIDIA Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 22nd. Investors of record on Thursday, December 1st were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.09%. The ex-dividend date was Wednesday, November 30th. NVIDIA’s dividend payout ratio (DPR) is 6.81%.
Insider Activity at NVIDIA
In related news, Director John Dabiri sold 293 shares of the firm’s stock in a transaction dated Monday, December 19th. The shares were sold at an average price of $165.80, for a total value of $48,579.40. Following the completion of the sale, the director now owns 2,417 shares in the company, valued at $400,738.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other NVIDIA news, Director John Dabiri sold 293 shares of the firm’s stock in a transaction dated Monday, December 19th. The shares were sold at an average price of $165.80, for a total transaction of $48,579.40. Following the completion of the transaction, the director now directly owns 2,417 shares in the company, valued at approximately $400,738.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 2,494 shares of the firm’s stock in a transaction dated Thursday, December 15th. The shares were sold at an average price of $167.89, for a total transaction of $418,717.66. Following the transaction, the insider now owns 56,617 shares of the company’s stock, valued at $9,505,428.13. The disclosure for this sale can be found here. Insiders sold 227,787 shares of company stock worth $36,844,997 over the last 90 days. Company insiders own 4.04% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the stock. Barclays lifted their price objective on shares of NVIDIA to $170.00 in a report on Monday, November 21st. KeyCorp dropped their price objective on shares of NVIDIA from $230.00 to $220.00 and set an “overweight” rating for the company in a report on Wednesday, January 11th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of NVIDIA from $150.00 to $170.00 in a report on Wednesday, December 14th. Cowen boosted their price target on shares of NVIDIA from $200.00 to $220.00 in a report on Monday, December 12th. Finally, Mizuho lowered their price target on shares of NVIDIA from $205.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, November 17th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $205.80.
About NVIDIA
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NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company’s 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.
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