Allred Capital Management LLC Decreases Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)orAllred Capital Management LLC Reduces Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Allred Capital Management LLC Decreases Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)orAllred Capital Management LLC Reduces Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)


Allred Capital Management LLC lowered its stake in NVIDIA Co. (NASDAQ:NVDAFree Report) by 3.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,412 shares of the computer hardware maker’s stock after selling 238 shares during the quarter. NVIDIA comprises approximately 1.4% of Allred Capital Management LLC’s holdings, making the stock its 11th largest holding. Allred Capital Management LLC’s holdings in NVIDIA were worth $3,176,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in NVIDIA by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 203,680,199 shares of the computer hardware maker’s stock worth $88,598,850,000 after purchasing an additional 2,287,471 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of NVIDIA by 3.0% in the 2nd quarter. Geode Capital Management LLC now owns 47,459,414 shares of the computer hardware maker’s stock worth $20,022,108,000 after buying an additional 1,403,401 shares during the last quarter. Morgan Stanley increased its holdings in shares of NVIDIA by 20.2% in the 4th quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock worth $4,023,783,000 after buying an additional 4,621,002 shares during the last quarter. Norges Bank bought a new stake in shares of NVIDIA in the 4th quarter worth about $3,900,874,000. Finally, Northern Trust Corp increased its holdings in shares of NVIDIA by 3.6% in the 3rd quarter. Northern Trust Corp now owns 26,311,434 shares of the computer hardware maker’s stock worth $11,445,211,000 after buying an additional 910,009 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Performance

NVDA opened at $942.89 on Monday. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. The company has a market cap of $2.36 trillion, a price-to-earnings ratio of 78.97, a PEG ratio of 1.36 and a beta of 1.73. NVIDIA Co. has a 52-week low of $258.50 and a 52-week high of $974.00. The firm’s fifty day simple moving average is $743.67 and its two-hundred day simple moving average is $562.64.

NVIDIA (NASDAQ:NVDAGet Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, topping the consensus estimate of $4.21 by $0.95. The firm had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company’s revenue for the quarter was up 265.3% on a year-over-year basis. During the same period last year, the firm posted $0.65 earnings per share. Equities analysts anticipate that NVIDIA Co. will post 22.4 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.02%. The ex-dividend date of this dividend is Tuesday, March 5th. NVIDIA’s payout ratio is currently 1.34%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NVDA. Cantor Fitzgerald restated an “overweight” rating and issued a $900.00 target price on shares of NVIDIA in a report on Monday, March 4th. The Goldman Sachs Group upped their price target on shares of NVIDIA from $875.00 to $1,000.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Rosenblatt Securities reiterated a “buy” rating and set a $1,100.00 price target on shares of NVIDIA in a report on Tuesday, February 20th. Susquehanna upped their price target on shares of NVIDIA from $850.00 to $1,050.00 and gave the company a “positive” rating in a report on Tuesday, March 19th. Finally, Wedbush reiterated an “outperform” rating and set a $1,000.00 price target on shares of NVIDIA in a report on Tuesday, March 19th. Four research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $908.68.

Check Out Our Latest Research Report on NVIDIA

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 36,000 shares of the firm’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $546.95, for a total transaction of $19,690,200.00. Following the completion of the sale, the director now directly owns 1,134,583 shares in the company, valued at $620,560,171.85. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Mark A. Stevens sold 36,000 shares of the firm’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $546.95, for a total transaction of $19,690,200.00. Following the completion of the sale, the director now directly owns 1,134,583 shares in the company, valued at $620,560,171.85. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $484.62, for a total transaction of $218,079.00. Following the sale, the insider now owns 50,961 shares of the company’s stock, valued at $24,696,719.82. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,774 shares of company stock worth $64,322,528. Insiders own 3.99% of the company’s stock.

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.

See Also

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:NVDAFree Report).

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)



Receive News & Ratings for NVIDIA Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for NVIDIA and related companies with MarketBeat.com’s FREE daily email newsletter.

Source Reference

Latest stories