SignalPoint Asset Management LLC lessened its stake in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 0.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,116 shares of the computer hardware maker’s stock after selling 47 shares during the period. NVIDIA comprises approximately 2.0% of SignalPoint Asset Management LLC’s investment portfolio, making the stock its 6th largest holding. SignalPoint Asset Management LLC’s holdings in NVIDIA were worth $6,990,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank bought a new stake in NVIDIA in the fourth quarter valued at approximately $3,900,874,000. Moneta Group Investment Advisors LLC raised its stake in NVIDIA by 160,446.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 19,586,643 shares of the computer hardware maker’s stock valued at $2,862,392,000 after buying an additional 19,574,443 shares during the period. Morgan Stanley raised its stake in NVIDIA by 20.2% in the fourth quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock valued at $4,023,783,000 after buying an additional 4,621,002 shares during the period. Barclays PLC raised its stake in NVIDIA by 55.7% in the second quarter. Barclays PLC now owns 7,661,032 shares of the computer hardware maker’s stock valued at $3,240,769,000 after buying an additional 2,740,850 shares during the period. Finally, Vanguard Group Inc. raised its stake in NVIDIA by 1.1% in the third quarter. Vanguard Group Inc. now owns 203,680,199 shares of the computer hardware maker’s stock valued at $88,598,850,000 after buying an additional 2,287,471 shares during the period. Institutional investors own 65.27% of the company’s stock.
Insider Buying and Selling
In related news, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $484.62, for a total transaction of $218,079.00. Following the completion of the transaction, the insider now directly owns 50,961 shares of the company’s stock, valued at approximately $24,696,719.82. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $484.62, for a total transaction of $218,079.00. Following the completion of the transaction, the insider now directly owns 50,961 shares of the company’s stock, valued at approximately $24,696,719.82. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Debora Shoquist sold 5,676 shares of the firm’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $500.00, for a total value of $2,838,000.00. Following the transaction, the executive vice president now directly owns 48,360 shares of the company’s stock, valued at $24,180,000. 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 three months. Insiders own 3.99% of the company’s stock.
NVIDIA Stock Up 0.1 %
Shares of NVDA 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 stock has a market capitalization of $2.26 trillion, a price-to-earnings ratio of 75.68, a PEG ratio of 1.30 and a beta of 1.73. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17. The stock has a fifty day moving average of $772.45 and a 200-day moving average of $574.01.
NVIDIA (NASDAQ:NVDA – Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, beating analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The company had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $20.40 billion. During the same period in the prior year, the company earned $0.65 EPS. NVIDIA’s revenue was up 265.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that NVIDIA Co. will post 22.45 earnings per share for the current fiscal year.
NVIDIA Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were 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 was Tuesday, March 5th. NVIDIA’s dividend payout ratio is currently 1.34%.
Analyst Ratings Changes
NVDA has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on NVIDIA from $720.00 to $850.00 and gave the company a “hold” rating in a research note on Wednesday, March 20th. DA Davidson upped their target price on NVIDIA from $410.00 to $620.00 and gave the company a “neutral” rating in a research report on Thursday, February 22nd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $1,100.00 target price on shares of NVIDIA in a research report on Tuesday, February 20th. Mizuho upped their target price on NVIDIA from $850.00 to $1,000.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. Finally, CICC Research initiated coverage on NVIDIA in a research report on Wednesday, March 6th. They issued an “outperform” rating and a $870.00 target price on the stock. Four research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $908.68.
Get Our Latest 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.
Further Reading
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