Bridge Advisory LLC decreased its holdings in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 8.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,620 shares of the computer hardware maker’s stock after selling 151 shares during the period. Bridge Advisory LLC’s holdings in NVIDIA were worth $802,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also modified their holdings of the company. Moody Lynn & Lieberson LLC grew its stake in shares of NVIDIA by 7.2% in the third quarter. Moody Lynn & Lieberson LLC now owns 89,053 shares of the computer hardware maker’s stock worth $38,737,000 after acquiring an additional 5,998 shares in the last quarter. TrueMark Investments LLC acquired a new position in shares of NVIDIA during the fourth quarter worth $2,639,000. McLean Asset Management Corp grew its stake in shares of NVIDIA by 11.7% during the fourth quarter. McLean Asset Management Corp now owns 1,773 shares of the computer hardware maker’s stock worth $871,000 after purchasing an additional 186 shares in the last quarter. Shilanski & Associates Inc. grew its stake in shares of NVIDIA by 15.9% during the fourth quarter. Shilanski & Associates Inc. now owns 2,983 shares of the computer hardware maker’s stock worth $1,477,000 after purchasing an additional 410 shares in the last quarter. Finally, WealthPLAN Partners LLC boosted its stake in NVIDIA by 14.3% in the fourth quarter. WealthPLAN Partners LLC now owns 7,938 shares of the computer hardware maker’s stock valued at $3,931,000 after acquiring an additional 996 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.
Insiders Place Their Bets
In other NVIDIA news, Director Mark A. Stevens sold 35,648 shares of the firm’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $542.93, for a total transaction of $19,354,368.64. Following the completion of the transaction, the director now directly owns 1,189,083 shares of the company’s stock, valued at approximately $645,588,833.19. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other NVIDIA news, Director Mark A. Stevens sold 36,000 shares of the firm’s stock in a transaction on 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 transaction, the director now directly owns 1,134,583 shares of the company’s stock, valued at approximately $620,560,171.85. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark A. Stevens sold 35,648 shares of the firm’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $542.93, for a total transaction of $19,354,368.64. Following the transaction, the director now directly owns 1,189,083 shares of the company’s stock, valued at $645,588,833.19. The disclosure for this sale can be found here. Insiders sold a total of 105,352 shares of company stock valued at $64,853,077 in the last ninety days. Corporate insiders own 3.99% of the company’s stock.
NVIDIA Stock Performance
Shares of NVDA stock opened at $903.56 on Friday. NVIDIA Co. has a 52 week low of $262.20 and a 52 week high of $974.00. The company has a market cap of $2.26 trillion, a PE ratio of 75.68, a P/E/G ratio of 1.30 and a beta of 1.73. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. The company’s fifty day simple moving average is $772.45 and its 200-day simple moving average is $574.01.
NVIDIA (NASDAQ:NVDA – Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The firm had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. During the same quarter in the previous year, the firm posted $0.65 EPS. The firm’s quarterly revenue was up 265.3% on a year-over-year basis. As a group, equities research analysts anticipate that NVIDIA Co. will post 22.45 EPS for the current year.
NVIDIA Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were paid 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 was Tuesday, March 5th. NVIDIA’s dividend payout ratio (DPR) is 1.34%.
Analyst Ratings Changes
Several equities analysts have issued reports on NVDA shares. HSBC upped their price objective on shares of NVIDIA from $880.00 to $1,050.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Susquehanna upped their target price 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. CICC Research assumed coverage on shares of NVIDIA in a report on Wednesday, March 6th. They issued an “outperform” rating and a $870.00 target price for the company. Wedbush reaffirmed an “outperform” rating and issued a $1,000.00 target price on shares of NVIDIA in a report on Tuesday, March 19th. Finally, Sanford C. Bernstein upped their target price on shares of NVIDIA from $700.00 to $1,000.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Four research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, NVIDIA has an average rating of “Moderate Buy” and a consensus price target of $908.68.
Check Out Our Latest Stock Analysis on NVDA
NVIDIA Company 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.
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