Vanguard Group Inc. Increases Holdings in NVIDIA Co. (NASDAQ:NVDA)

Vanguard Group Inc. Increases Holdings in NVIDIA Co. (NASDAQ:NVDA)


Vanguard Group Inc. raised its holdings in NVIDIA Co. (NASDAQ:NVDAFree Report) by 1.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 203,680,199 shares of the computer hardware maker’s stock after purchasing an additional 2,287,471 shares during the quarter. NVIDIA accounts for 2.2% of Vanguard Group Inc.’s holdings, making the stock its 4th largest holding. Vanguard Group Inc. owned 0.08% of NVIDIA worth $88,598,850,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NVDA. United Bank raised its position in NVIDIA by 28.9% in the first quarter. United Bank now owns 7,717 shares of the computer hardware maker’s stock valued at $2,106,000 after purchasing an additional 1,730 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in NVIDIA by 6.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,904,772 shares of the computer hardware maker’s stock valued at $1,065,457,000 after purchasing an additional 249,045 shares during the period. MAS Advisors LLC grew its stake in shares of NVIDIA by 42.1% in the first quarter. MAS Advisors LLC now owns 1,967 shares of the computer hardware maker’s stock valued at $545,000 after buying an additional 583 shares in the last quarter. Navis Wealth Advisors LLC grew its stake in shares of NVIDIA by 205.3% in the first quarter. Navis Wealth Advisors LLC now owns 2,900 shares of the computer hardware maker’s stock valued at $791,000 after buying an additional 1,950 shares in the last quarter. Finally, Ergoteles LLC acquired a new stake in shares of NVIDIA in the first quarter valued at $929,000. Hedge funds and other institutional investors own 64.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Mizuho lifted their price objective on NVIDIA from $850.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Susquehanna lifted their price objective on NVIDIA from $625.00 to $850.00 and gave the company a “positive” rating in a research note on Wednesday, February 14th. Piper Sandler lifted their price objective on NVIDIA from $620.00 to $850.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Bank of America boosted their target price on NVIDIA from $800.00 to $925.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Finally, Wolfe Research boosted their target price on NVIDIA from $630.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $829.66.

Read Our Latest Report on NVIDIA

NVIDIA Stock Down 0.1 %

NVDA opened at $878.37 on Friday. The business has a 50 day moving average price of $706.74 and a two-hundred day moving average price of $547.32. 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 $2.20 trillion, a PE ratio of 73.56, a P/E/G ratio of 1.40 and a beta of 1.73. NVIDIA Co. has a 52 week low of $238.94 and a 52 week high of $974.00.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its 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 return on equity of 93.61% and a net margin of 48.85%. The company had revenue of $22.10 billion for the quarter, compared to analysts’ expectations 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, research analysts anticipate that NVIDIA Co. will post 21.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 27th. Shareholders 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 is Tuesday, March 5th. NVIDIA’s payout ratio is 1.34%.

Insiders Place Their Bets

In related news, Director Mark A. Stevens sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $853.54, for a total value of $10,242,480.00. Following the sale, the director now owns 1,107,583 shares in the company, valued at approximately $945,366,393.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Debora Shoquist sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $500.04, for a total value of $10,000,800.00. Following the sale, the executive vice president now owns 54,036 shares in the company, valued at approximately $27,020,161.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $853.54, for a total value of $10,242,480.00. Following the completion of the sale, the director now owns 1,107,583 shares in the company, valued at approximately $945,366,393.82. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 124,774 shares of company stock worth $74,323,328. Company 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.

Further Reading

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)



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