NVIDIA Corporation (NVDA)
Checchi Capital Advisers LLC Increases Stock Position in NVIDIA Co. (NASDAQ:NVDA)
Checchi Capital Advisers LLC boosted its position in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 3.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,740 shares of the computer hardware maker’s stock after acquiring an additional 698 shares during the period. NVIDIA accounts for 0.9% of Checchi Capital Advisers LLC’s investment portfolio, making the stock its 29th biggest position. Checchi Capital Advisers LLC’s holdings in NVIDIA were worth $11,261,000 at the end of the most recent reporting period. Other large investors have also added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA bought a new position in shares of NVIDIA during the fourth quarter valued at approximately $28,000. Criterion Capital Advisors LLC bought a new position in shares of NVIDIA during the fourth quarter valued at approximately $28,000. Your Advocates Ltd. LLP bought a new position in shares of NVIDIA during the third quarter valued at approximately $30,000. Trivant Custom Portfolio Group LLC raised its holdings in shares of NVIDIA by 44.1% during the third quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock valued at $43,000 after acquiring an additional 30 shares in the last quarter. Finally, O Brien Wealth Partners LLC raised its holdings in shares of NVIDIA by 139.5% during the fourth quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock valued at $45,000 after acquiring an additional 53 shares in the last quarter. Institutional investors own 65.27% of the company’s stock. Analyst Upgrades and Downgrades A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft upped their target price on NVIDIA from $720.00 to $850.00 and gave the company a “hold” rating in a report on Wednesday, March 20th. Susquehanna reiterated a “positive” rating and issued a $1,050.00 price objective on shares of NVIDIA in a report on Thursday, April 4th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $900.00 price objective on shares of NVIDIA in a report on Monday, March 4th. Craig Hallum increased their price objective on NVIDIA from $700.00 to $850.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Finally, Wells Fargo & Company increased their price objective on NVIDIA from $970.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Tuesday, May 14th. Four analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $966.55. Get Our Latest Report on NVIDIA Insider Transactions at NVIDIA In other news, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $911.62, for a total value of $410,229.00. Following the transaction, the insider now owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Mark A. Stevens sold 10,000 shares of NVIDIA stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the sale, the director now owns 1,124,583 shares of the company’s stock, valued at approximately $896,933,663.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total value of $410,229.00. Following the sale, the insider now directly owns 49,815 shares in the company, valued at approximately $45,412,350.30. The disclosure for this sale can be found here. Insiders have sold 61,278 shares of company stock valued at $52,689,898 over the last quarter. 4.23% of the stock is currently owned by company insiders. NVIDIA Trading Down 2.0 % Shares of NASDAQ:NVDA opened at $924.79 on Monday. The stock has a market capitalization of $2.27 trillion, a price-to-earnings ratio of 77.45, a PEG ratio of 1.31 and a beta of 1.75. 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’s 50-day simple moving average is $882.98 and its two-hundred day simple moving average is $687.42. NVIDIA Co. has a 52-week low of $298.06 and a 52-week high of $974.00. NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 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 firm had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. During the same quarter last year, the company earned $0.65 earnings per share. The business’s revenue for the quarter was up 265.3% compared to the same quarter last year. Analysts expect that NVIDIA Co. will post 22.9 EPS for the current year. NVIDIA Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. The ex-dividend date of this dividend was Tuesday, March 5th. NVIDIA’s dividend payout ratio (DPR) is currently 1.34%. 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. Read More Five stocks we like better than NVIDIA NYSE Stocks Give Investors a Variety of Quality Options Magnificent 7 Still Magnificent as the Halfway Mark Approaches? What is a SEC Filing? 3 Vital Copper Stocks Helping EVs and AI Data Centers Take Off What is a Death Cross in Stocks? Warren Buffett’s Mystery Stock Was Just Revealed
Consolidated Capital Management LLC Lowers Stake in NVIDIA Co. (NASDAQ:NVDA)
Consolidated Capital Management LLC decreased its position in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 25.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 9,104 shares of the computer hardware maker’s stock after selling 3,121 shares during the period. NVIDIA accounts for approximately 2.4% of Consolidated Capital Management LLC’s portfolio, making the stock its 16th largest holding. Consolidated Capital Management LLC’s holdings in NVIDIA were worth $4,508,000 at the end of the most recent quarter. Other hedge funds have also recently bought and sold shares of the company. Sycomore Asset Management increased its stake in shares of NVIDIA by 1.6% during the 3rd quarter. Sycomore Asset Management now owns 69,222 shares of the computer hardware maker’s stock valued at $28,803,000 after acquiring an additional 1,102 shares during the last quarter. Arbor Capital Management Inc. ADV grew its holdings in NVIDIA by 9.0% in the third quarter. Arbor Capital Management Inc. ADV now owns 570 shares of the computer hardware maker’s stock valued at $238,000 after purchasing an additional 47 shares during the period. Dubuque Bank & Trust Co increased its position in NVIDIA by 80.5% during the third quarter. Dubuque Bank & Trust Co now owns 1,769 shares of the computer hardware maker’s stock worth $769,000 after purchasing an additional 789 shares during the last quarter. Brady Family Wealth LLC raised its stake in NVIDIA by 3.6% during the third quarter. Brady Family Wealth LLC now owns 2,487 shares of the computer hardware maker’s stock worth $1,082,000 after purchasing an additional 86 shares during the period. Finally, ING Groep NV boosted its holdings in shares of NVIDIA by 28.8% in the 3rd quarter. ING Groep NV now owns 1,322,475 shares of the computer hardware maker’s stock valued at $575,263,000 after purchasing an additional 295,618 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock. NVIDIA Price Performance Shares of NASDAQ NVDA opened at $924.79 on Monday. NVIDIA Co. has a twelve month low of $298.06 and a twelve month high of $974.00. 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 has a market capitalization of $2.27 trillion, a price-to-earnings ratio of 77.45, a price-to-earnings-growth ratio of 1.31 and a beta of 1.75. The business has a 50 day simple moving average of $882.98 and a 200-day simple moving average of $687.42. NVIDIA (NASDAQ:NVDA – Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (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 business had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. During the same quarter in the previous year, the firm posted $0.65 EPS. The business’s revenue for the quarter was up 265.3% compared to the same quarter last year. As a group, equities research analysts expect that NVIDIA Co. will post 22.9 earnings per share for the current year. NVIDIA Dividend Announcement The business also recently disclosed 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. The ex-dividend date was Tuesday, March 5th. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. NVIDIA’s dividend payout ratio is currently 1.34%. Insider Activity at NVIDIA In related news, insider Donald F. Robertson, Jr. sold 450 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total transaction of $410,229.00. Following the completion of the transaction, the insider now owns 49,815 shares in the company, valued at approximately $45,412,350.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of the business’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the completion of the transaction, the director now owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Donald F. Robertson, Jr. sold 450 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total value of $410,229.00. Following the transaction, the insider now owns 49,815 shares of the company’s stock, valued at approximately $45,412,350.30. The disclosure for this sale can be found here. Insiders sold 61,278 shares of company stock worth $52,689,898 in the last 90 days. 4.23% of the stock is currently owned by company insiders. Wall Street Analysts Forecast Growth A number of research firms have recently commented on NVDA. Bank of America upped their price objective on NVIDIA from $925.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Jefferies Financial Group started coverage on NVIDIA in a report on Monday, May 13th. They issued a “buy” rating and a $1,200.00 price objective on the stock. DA Davidson lifted their price objective on NVIDIA from $410.00 to $620.00 and gave the company a “neutral” rating in a research note on Thursday, February 22nd. Susquehanna reaffirmed a “positive” rating and issued a $1,050.00 price objective on shares of NVIDIA in a research note on Thursday, April 4th. Finally, Evercore ISI started coverage on NVIDIA in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $1,160.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $966.55. View Our Latest Stock Report on NVDA NVIDIA Company Profile (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. Read More Five stocks we like better than NVIDIA What is a Dividend Harvesting Strategy and How Can Investors Profit from it? Magnificent 7 Still Magnificent as the Halfway Mark Approaches? What is Short Interest? How to Use It 3 Vital Copper Stocks Helping EVs and AI Data Centers Take Off 3 Fintech Stocks With Good 2021 Prospects Warren Buffett’s Mystery Stock Was Just Revealed 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:NVDA – Free Report).
Avantax Advisory Services Inc. Increases Stake in NVIDIA Co. (NASDAQ:NVDA)
Avantax Advisory Services Inc. grew its stake in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 1.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 120,977 shares of the computer hardware maker’s stock after buying an additional 1,279 shares during the quarter. NVIDIA accounts for approximately 0.6% of Avantax Advisory Services Inc.’s portfolio, making the stock its 20th biggest position. Avantax Advisory Services Inc.’s holdings in NVIDIA were worth $59,910,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors have also made changes to their positions in NVDA. LFA Lugano Financial Advisors SA purchased a new stake in NVIDIA during the fourth quarter worth approximately $28,000. Criterion Capital Advisors LLC acquired a new position in NVIDIA during the fourth quarter worth approximately $28,000. Your Advocates Ltd. LLP acquired a new position in NVIDIA during the third quarter worth approximately $30,000. Trivant Custom Portfolio Group LLC increased its position in NVIDIA by 44.1% during the third quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock worth $43,000 after buying an additional 30 shares during the period. Finally, O Brien Wealth Partners LLC increased its position in NVIDIA by 139.5% during the fourth quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock worth $45,000 after buying an additional 53 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock. Analyst Ratings Changes Several research analysts have commented on NVDA shares. Mizuho lifted their price target on NVIDIA from $850.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Craig Hallum lifted their price target on NVIDIA from $700.00 to $850.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. KeyCorp lifted their price target on NVIDIA from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. DA Davidson lifted their price target on NVIDIA from $410.00 to $620.00 and gave the stock a “neutral” rating in a research report on Thursday, February 22nd. Finally, Citigroup lifted their price target on NVIDIA from $820.00 to $1,030.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Four analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, NVIDIA has an average rating of “Moderate Buy” and a consensus target price of $966.55. Get Our Latest Stock Analysis on NVDA Insiders Place Their Bets In related news, Director Mark A. Stevens sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the transaction, the director now owns 1,119,583 shares of the company’s stock, valued at $896,494,891.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Mark A. Stevens sold 5,000 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the transaction, the director now directly owns 1,119,583 shares in the company, valued at $896,494,891.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $911.62, for a total value of $410,229.00. Following the completion of the sale, the insider now owns 49,815 shares of the company’s stock, valued at approximately $45,412,350.30. The disclosure for this sale can be found here. Insiders have sold 61,278 shares of company stock valued at $52,689,898 in the last ninety days. Insiders own 4.23% of the company’s stock. NVIDIA Trading Down 2.0 % Shares of NVDA opened at $924.79 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. NVIDIA Co. has a 1-year low of $298.06 and a 1-year high of $974.00. The stock has a market cap of $2.27 trillion, a price-to-earnings ratio of 77.45, a price-to-earnings-growth ratio of 1.31 and a beta of 1.75. The firm has a 50 day simple moving average of $882.98 and a 200-day simple moving average of $687.42. 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 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 during the quarter, compared to the consensus estimate of $20.40 billion. During the same quarter last year, the business posted $0.65 earnings per share. NVIDIA’s revenue was up 265.3% compared to the same quarter last year. Equities analysts forecast that NVIDIA Co. will post 22.9 EPS for the current fiscal year. NVIDIA Announces Dividend The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. NVIDIA’s dividend payout ratio is currently 1.34%. NVIDIA Company Profile (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.
Wambolt & Associates LLC Has $4.26 Million Position in NVIDIA Co. (NASDAQ:NVDA)
Wambolt & Associates LLC increased its holdings in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 32.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,611 shares of the computer hardware maker’s stock after purchasing an additional 2,102 shares during the period. NVIDIA makes up 0.8% of Wambolt & Associates LLC’s investment portfolio, making the stock its 10th biggest holding. Wambolt & Associates LLC’s holdings in NVIDIA were worth $4,264,000 as of its most recent SEC filing. A number of other large investors have also recently bought and sold shares of NVDA. Sycomore Asset Management lifted its position in NVIDIA by 1.6% during the 3rd quarter. Sycomore Asset Management now owns 69,222 shares of the computer hardware maker’s stock worth $28,803,000 after acquiring an additional 1,102 shares during the last quarter. Arbor Capital Management Inc. ADV lifted its position in NVIDIA by 9.0% during the 3rd quarter. Arbor Capital Management Inc. ADV now owns 570 shares of the computer hardware maker’s stock worth $238,000 after acquiring an additional 47 shares during the last quarter. Dubuque Bank & Trust Co lifted its position in NVIDIA by 80.5% during the 3rd quarter. Dubuque Bank & Trust Co now owns 1,769 shares of the computer hardware maker’s stock worth $769,000 after acquiring an additional 789 shares during the last quarter. Brady Family Wealth LLC lifted its position in NVIDIA by 3.6% during the 3rd quarter. Brady Family Wealth LLC now owns 2,487 shares of the computer hardware maker’s stock worth $1,082,000 after acquiring an additional 86 shares during the last quarter. Finally, ING Groep NV lifted its position in NVIDIA by 28.8% during the 3rd quarter. ING Groep NV now owns 1,322,475 shares of the computer hardware maker’s stock worth $575,263,000 after acquiring an additional 295,618 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors. Insider Buying and Selling at NVIDIA In other NVIDIA news, Director John Dabiri sold 128 shares of the stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the transaction, the director now owns 2,055 shares of the company’s stock, valued at $1,931,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other NVIDIA news, Director Mark A. Stevens sold 5,000 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $800.74, for a total value of $4,003,700.00. Following the completion of the sale, the director now directly owns 1,119,583 shares in the company, valued at $896,494,891.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Dabiri sold 128 shares of the stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the completion of the sale, the director now owns 2,055 shares of the company’s stock, valued at $1,931,700. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,278 shares of company stock valued at $52,689,898. 4.23% of the stock is currently owned by company insiders. Analyst Ratings Changes A number of research analysts have recently commented on NVDA shares. Citigroup upped their price objective on shares of NVIDIA from $820.00 to $1,030.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Tigress Financial upped their price objective on shares of NVIDIA from $790.00 to $985.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $900.00 price objective on shares of NVIDIA in a research report on Monday, March 4th. Loop Capital started coverage on shares of NVIDIA in a research report on Friday, February 16th. They set a “buy” rating and a $1,200.00 price objective for the company. Finally, Wells Fargo & Company upped their price objective on shares of NVIDIA from $970.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Tuesday, May 14th. Four investment analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and an average price target of $966.55. Get Our Latest Analysis on NVDA NVIDIA Stock Performance NVDA stock opened at $924.79 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. NVIDIA Co. has a twelve month low of $298.06 and a twelve month high of $974.00. The business’s fifty day moving average is $882.98 and its 200-day moving average is $687.42. The company has a market cap of $2.27 trillion, a P/E ratio of 77.45, a price-to-earnings-growth ratio of 1.31 and a beta of 1.75. NVIDIA (NASDAQ:NVDA – Get Free Report) last released its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating 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 firm had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. During the same quarter in the prior year, the firm posted $0.65 earnings per share. The company’s quarterly revenue was up 265.3% on a year-over-year basis. Equities research analysts forecast that NVIDIA Co. will post 22.9 EPS for the current year. NVIDIA Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA’s payout ratio is 1.34%. 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.
NVIDIA Co. (NASDAQ:NVDA) Shares Bought by McKinley Carter Wealth Services Inc.
McKinley Carter Wealth Services Inc. lifted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 18.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,541 shares of the computer hardware maker’s stock after purchasing an additional 241 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in NVIDIA were worth $763,000 as of its most recent SEC filing. Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of NVIDIA by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 203,680,199 shares of the computer hardware maker’s stock valued at $88,598,850,000 after purchasing an additional 2,287,471 shares during the last quarter. Northern Trust Corp grew its position in NVIDIA by 3.6% during the third quarter. Northern Trust Corp now owns 26,311,434 shares of the computer hardware maker’s stock valued at $11,445,211,000 after acquiring an additional 910,009 shares during the period. International Assets Investment Management LLC increased its stake in NVIDIA by 54,019.5% during the fourth quarter. International Assets Investment Management LLC now owns 16,866,869 shares of the computer hardware maker’s stock worth $8,352,811,000 after acquiring an additional 16,835,703 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of NVIDIA by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,586,595 shares of the computer hardware maker’s stock worth $6,728,354,000 after purchasing an additional 388,851 shares during the period. Finally, Wellington Management Group LLP lifted its stake in shares of NVIDIA by 2.0% in the 3rd quarter. Wellington Management Group LLP now owns 10,544,759 shares of the computer hardware maker’s stock valued at $4,586,865,000 after purchasing an additional 209,085 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock. Insider Transactions at NVIDIA In other news, Director Mark A. Stevens sold 5,000 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the transaction, the director now directly owns 1,119,583 shares of the company’s stock, valued at $896,494,891.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Mark A. Stevens sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $800.74, for a total value of $4,003,700.00. Following the completion of the sale, the director now directly owns 1,119,583 shares of the company’s stock, valued at approximately $896,494,891.42. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total transaction of $410,229.00. Following the transaction, the insider now owns 49,815 shares in the company, valued at approximately $45,412,350.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 61,278 shares of company stock worth $52,689,898. Company insiders own 4.23% of the company’s stock. Wall Street Analyst Weigh In A number of research analysts have weighed in on the stock. Raymond James lifted their price target on shares of NVIDIA from $850.00 to $1,100.00 and gave the company a “strong-buy” rating in a research report on Thursday, April 11th. Jefferies Financial Group assumed coverage on NVIDIA in a report on Monday, May 13th. They issued a “buy” rating and a $1,200.00 price target for the company. Mizuho raised their price objective on NVIDIA from $850.00 to $1,000.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. The Goldman Sachs Group upped their target price on NVIDIA from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $910.00 target price on shares of NVIDIA in a report on Wednesday, March 20th. Four research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus price target of $966.55. Get Our Latest Stock Report on NVIDIA NVIDIA Price Performance Shares of NVDA opened at $924.79 on Monday. NVIDIA Co. has a 12 month low of $298.06 and a 12 month high of $974.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. The stock has a fifty day moving average price of $882.98 and a 200 day moving average price of $687.42. The company has a market cap of $2.27 trillion, a P/E ratio of 77.45, a PEG ratio of 1.31 and a beta of 1.75. NVIDIA (NASDAQ:NVDA – Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, topping the consensus estimate of $4.21 by $0.95. The business had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company’s quarterly revenue was up 265.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.65 earnings per share. On average, research analysts forecast that NVIDIA Co. will post 22.9 earnings per share for the current year. NVIDIA Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.02%. NVIDIA’s dividend payout ratio (DPR) is presently 1.34%. NVIDIA Company Profile (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.
Here's what Nvidia Q1 earnings must deliver to please shareholders
Coming in ahead of Street estimates for its first financial quarter on Wednesday may not be sufficient for Nvidia Corp (NASDAQ: NVDA), says Paul Meeks of Harvest Portfolio Management. What Meeks wants $NVDA to establish in its Q1 release Consensus is for the semiconductor behemoth to report $24.5 billion in revenue for its fiscal Q1.
USA Financial Formulas Has $3.25 Million Position in NVIDIA Co. (NASDAQ:NVDA)
USA Financial Formulas grew its holdings in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 558.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,567 shares of the computer hardware maker’s stock after buying an additional 5,569 shares during the quarter. NVIDIA makes up 0.6% of USA Financial Formulas’ portfolio, making the stock its 12th largest position. USA Financial Formulas’ holdings in NVIDIA were worth $3,252,000 as of its most recent SEC filing. A number of other institutional investors have also made changes to their positions in NVDA. Sycomore Asset Management increased its stake in shares of NVIDIA by 1.6% in the 3rd quarter. Sycomore Asset Management now owns 69,222 shares of the computer hardware maker’s stock valued at $28,803,000 after buying an additional 1,102 shares during the period. Arbor Capital Management Inc. ADV increased its position in NVIDIA by 9.0% in the third quarter. Arbor Capital Management Inc. ADV now owns 570 shares of the computer hardware maker’s stock worth $238,000 after purchasing an additional 47 shares during the period. Dubuque Bank & Trust Co increased its position in NVIDIA by 80.5% in the third quarter. Dubuque Bank & Trust Co now owns 1,769 shares of the computer hardware maker’s stock worth $769,000 after purchasing an additional 789 shares during the period. Brady Family Wealth LLC raised its holdings in NVIDIA by 3.6% during the 3rd quarter. Brady Family Wealth LLC now owns 2,487 shares of the computer hardware maker’s stock worth $1,082,000 after purchasing an additional 86 shares during the last quarter. Finally, ING Groep NV lifted its position in NVIDIA by 28.8% during the 3rd quarter. ING Groep NV now owns 1,322,475 shares of the computer hardware maker’s stock valued at $575,263,000 after purchasing an additional 295,618 shares during the period. 65.27% of the stock is owned by institutional investors. NVIDIA Stock Performance Shares of NVDA opened at $924.79 on Monday. The company has a market cap of $2.27 trillion, a PE ratio of 77.45, a price-to-earnings-growth ratio of 1.31 and a beta of 1.75. The firm has a 50-day moving average of $882.98 and a 200-day moving average of $687.42. NVIDIA Co. has a one year low of $298.06 and a one year high of $974.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, topping 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 business had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $20.40 billion. During the same quarter last year, the company posted $0.65 earnings per share. NVIDIA’s quarterly revenue was up 265.3% on a year-over-year basis. As a group, equities analysts forecast that NVIDIA Co. will post 22.9 earnings per share for the current year. NVIDIA Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date of this dividend was Tuesday, March 5th. NVIDIA’s dividend payout ratio (DPR) is presently 1.34%. Insider Buying and Selling at NVIDIA In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total value of $410,229.00. Following the transaction, the insider now directly owns 49,815 shares in the company, valued at $45,412,350.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Mark A. Stevens sold 10,000 shares of NVIDIA stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the completion of the sale, the director now directly owns 1,124,583 shares of the company’s stock, valued at approximately $896,933,663.31. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total value of $410,229.00. Following the completion of the transaction, the insider now directly owns 49,815 shares in the company, valued at $45,412,350.30. The disclosure for this sale can be found here. Insiders sold 61,278 shares of company stock valued at $52,689,898 in the last quarter. 4.23% of the stock is currently owned by insiders. Wall Street Analyst Weigh In A number of equities research analysts recently weighed in on NVDA shares. Wedbush reissued an “outperform” rating and set a $1,000.00 price target on shares of NVIDIA in a research note on Thursday. Evercore ISI initiated coverage on NVIDIA in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $1,160.00 price target on the stock. Jefferies Financial Group initiated coverage on NVIDIA in a research report on Monday, May 13th. They issued a “buy” rating and a $1,200.00 price target on the stock. Craig Hallum increased their target price on NVIDIA from $700.00 to $850.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Finally, CICC Research started coverage on NVIDIA in a report on Wednesday, March 6th. They set an “outperform” rating and a $870.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $966.55. Get Our Latest Research Report on NVDA NVIDIA Company Profile (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.
Principal Financial Group Inc. Sells 23,307 Shares of NVIDIA Co. (NASDAQ:NVDA)
Principal Financial Group Inc. trimmed its stake in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 0.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,606,995 shares of the computer hardware maker’s stock after selling 23,307 shares during the quarter. NVIDIA comprises 1.1% of Principal Financial Group Inc.’s investment portfolio, making the stock its 8th biggest holding. Principal Financial Group Inc. owned 0.15% of NVIDIA worth $1,786,256,000 as of its most recent filing with the Securities and Exchange Commission. Several other hedge funds and other institutional investors also recently modified their holdings of NVDA. LFA Lugano Financial Advisors SA acquired a new stake in NVIDIA in the fourth quarter valued at about $28,000. Criterion Capital Advisors LLC acquired a new stake in shares of NVIDIA in the 4th quarter valued at approximately $28,000. Your Advocates Ltd. LLP purchased a new stake in shares of NVIDIA in the third quarter valued at approximately $30,000. Trivant Custom Portfolio Group LLC grew its holdings in NVIDIA by 44.1% during the third quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock worth $43,000 after acquiring an additional 30 shares during the period. Finally, O Brien Wealth Partners LLC raised its position in NVIDIA by 139.5% in the fourth quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock worth $45,000 after acquiring an additional 53 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors. NVIDIA Stock Performance NASDAQ NVDA opened at $924.79 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. NVIDIA Co. has a 1-year low of $298.06 and a 1-year high of $974.00. The firm has a market capitalization of $2.27 trillion, a P/E ratio of 77.45, a P/E/G ratio of 1.31 and a beta of 1.75. The business’s 50-day simple moving average is $882.98 and its 200-day simple moving average is $687.42. NVIDIA (NASDAQ:NVDA – Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $20.40 billion. During the same period in the previous year, the company posted $0.65 earnings per share. NVIDIA’s revenue was up 265.3% compared to the same quarter last year. Equities analysts predict that NVIDIA Co. will post 22.9 EPS for the current year. NVIDIA Announces Dividend The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were issued a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 annualized dividend and a yield of 0.02%. NVIDIA’s dividend payout ratio is currently 1.34%. Insider Buying and Selling at NVIDIA In other news, insider Donald F. Robertson, Jr. sold 450 shares of the stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $911.62, for a total value of $410,229.00. Following the completion of the sale, the insider now owns 49,815 shares in the company, valued at $45,412,350.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the transaction, the director now owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $911.62, for a total transaction of $410,229.00. Following the completion of the transaction, the insider now directly owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The disclosure for this sale can be found here. Insiders have sold 61,278 shares of company stock valued at $52,689,898 over the last three months. 4.23% of the stock is owned by company insiders. Analysts Set New Price Targets A number of research firms have recently weighed in on NVDA. Sanford C. Bernstein upped their price target on shares of NVIDIA from $700.00 to $1,000.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. Jefferies Financial Group assumed coverage on shares of NVIDIA in a report on Monday, May 13th. They issued a “buy” rating and a $1,200.00 target price for the company. The Goldman Sachs Group boosted their price target on NVIDIA from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Wolfe Research upped their price target on NVIDIA from $630.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. Finally, Susquehanna reaffirmed a “positive” rating and set a $1,050.00 price objective on shares of NVIDIA in a report on Thursday, April 4th. Four investment analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $966.55. Check Out Our Latest Research Report on NVDA 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.
Private Portfolio Partners LLC Buys 49 Shares of NVIDIA Co. (NASDAQ:NVDA)
Private Portfolio Partners LLC increased its position in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,994 shares of the computer hardware maker’s stock after purchasing an additional 49 shares during the quarter. Private Portfolio Partners LLC’s holdings in NVIDIA were worth $2,473,000 as of its most recent SEC filing. Other institutional investors and hedge funds have also bought and sold shares of the company. LFA Lugano Financial Advisors SA bought a new position in NVIDIA in the fourth quarter worth approximately $28,000. Criterion Capital Advisors LLC purchased a new position in shares of NVIDIA in the 4th quarter valued at $28,000. Your Advocates Ltd. LLP bought a new position in shares of NVIDIA in the 3rd quarter worth $30,000. O Brien Wealth Partners LLC lifted its stake in shares of NVIDIA by 139.5% during the 4th quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock worth $45,000 after purchasing an additional 53 shares during the last quarter. Finally, Trivant Custom Portfolio Group LLC boosted its position in NVIDIA by 44.1% during the third quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock valued at $43,000 after purchasing an additional 30 shares in the last quarter. 65.27% of the stock is owned by institutional investors. Insider Buying and Selling In other news, Director Mark A. Stevens sold 22,700 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $879.97, for a total value of $19,975,319.00. Following the transaction, the director now owns 1,052,133 shares in the company, valued at $925,845,476.01. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the completion of the sale, the director now owns 1,124,583 shares of the company’s stock, valued at approximately $896,933,663.31. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 22,700 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the completion of the transaction, the director now directly owns 1,052,133 shares in the company, valued at $925,845,476.01. The disclosure for this sale can be found here. In the last three months, insiders have sold 61,278 shares of company stock worth $52,689,898. Insiders own 4.23% of the company’s stock. NVIDIA Stock Performance Shares of NVDA stock opened at $924.79 on Monday. The company has a market capitalization of $2.27 trillion, a P/E ratio of 77.45, a P/E/G ratio of 1.31 and a beta of 1.75. NVIDIA Co. has a 12-month low of $298.06 and a 12-month high of $974.00. The business’s 50 day moving average is $882.98 and its two-hundred day moving average is $687.42. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. NVIDIA (NASDAQ:NVDA – Get Free Report) last announced its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.21 by $0.95. The firm had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The business’s revenue was up 265.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.65 EPS. Analysts expect that NVIDIA Co. will post 22.9 EPS for the current fiscal year. NVIDIA Announces Dividend The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date of this dividend was Tuesday, March 5th. NVIDIA’s dividend payout ratio is presently 1.34%. Analyst Upgrades and Downgrades NVDA has been the subject of a number of recent research reports. Piper Sandler Companies boosted their target price on shares of NVIDIA to $850.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. DA Davidson raised their target price on shares of NVIDIA from $410.00 to $620.00 and gave the company a “neutral” rating in a research note on Thursday, February 22nd. Morgan Stanley upped their price target on NVIDIA from $795.00 to $1,000.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. Wells Fargo & Company raised their price objective on NVIDIA from $970.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 14th. Finally, Raymond James upped their target price on NVIDIA from $850.00 to $1,100.00 and gave the company a “strong-buy” rating in a research report on Thursday, April 11th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and an average price target of $966.55. Check Out Our Latest Stock Analysis on NVIDIA 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. Read More Five stocks we like better than NVIDIA Are Penny Stocks a Good Fit for Your Portfolio? MarketBeat Week in Review – 5/13 – 5/17 How to buy stock: A step-by-step guide for beginners Take-Two Interactive Software Offers 2nd Chance for Investors Natural Gas Prices Continue To Rally, These Stocks Should Benefit Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook 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:NVDA – Free Report).
All Eyes On Nvidia As Earnings Season Winds Down
It was another positive week for stocks. The S&P 500 gained 1.5% and the Nasdaq Composite added 2%. Market volatility fell with the VIX closing at its lowest level of the year, just below 12.
NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Envestnet Portfolio Solutions Inc.
Envestnet Portfolio Solutions Inc. boosted its position in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 13.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 104,135 shares of the computer hardware maker’s stock after buying an additional 12,142 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in NVIDIA were worth $51,570,000 at the end of the most recent reporting period. A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NVDA. Lodestar Private Asset Management LLC increased its position in shares of NVIDIA by 1.0% in the fourth quarter. Lodestar Private Asset Management LLC now owns 1,652 shares of the computer hardware maker’s stock valued at $818,000 after buying an additional 17 shares in the last quarter. Campbell Newman Asset Management Inc. increased its holdings in NVIDIA by 0.6% in the 4th quarter. Campbell Newman Asset Management Inc. now owns 2,991 shares of the computer hardware maker’s stock worth $1,481,000 after acquiring an additional 18 shares in the last quarter. Kraft Davis & Associates LLC raised its position in NVIDIA by 0.6% during the fourth quarter. Kraft Davis & Associates LLC now owns 3,048 shares of the computer hardware maker’s stock worth $1,509,000 after acquiring an additional 18 shares during the period. IAG Wealth Partners LLC lifted its holdings in NVIDIA by 4.4% during the fourth quarter. IAG Wealth Partners LLC now owns 430 shares of the computer hardware maker’s stock valued at $213,000 after purchasing an additional 18 shares in the last quarter. Finally, Aprio Wealth Management LLC grew its position in shares of NVIDIA by 1.8% in the fourth quarter. Aprio Wealth Management LLC now owns 1,056 shares of the computer hardware maker’s stock valued at $523,000 after purchasing an additional 19 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock. NVIDIA Stock Performance Shares of NVDA opened at $924.79 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. NVIDIA Co. has a 52-week low of $298.06 and a 52-week high of $974.00. The stock has a 50 day moving average price of $882.98 and a 200 day moving average price of $687.42. The company has a market capitalization of $2.27 trillion, a price-to-earnings ratio of 77.45, a price-to-earnings-growth ratio of 1.31 and a beta of 1.75. NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its 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 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 period last year, the firm posted $0.65 EPS. The company’s revenue was up 265.3% on a year-over-year basis. Research analysts predict that NVIDIA Co. will post 22.9 EPS for the current fiscal year. NVIDIA Announces Dividend The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. The ex-dividend date of this dividend was Tuesday, March 5th. NVIDIA’s payout ratio is currently 1.34%. Insider Activity at NVIDIA In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total value of $7,975,700.00. Following the completion of the sale, the director now owns 1,124,583 shares in the company, valued at $896,933,663.31. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Mark A. Stevens sold 12,000 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 1,107,583 shares in the company, valued at approximately $945,366,393.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total value of $7,975,700.00. Following the sale, the director now directly owns 1,124,583 shares of the company’s stock, valued at $896,933,663.31. The disclosure for this sale can be found here. Insiders sold a total of 61,278 shares of company stock valued at $52,689,898 in the last three months. 3.99% of the stock is currently owned by company insiders. Wall Street Analysts Forecast Growth Several equities research analysts recently issued reports on the company. HSBC lifted their price objective on NVIDIA from $1,050.00 to $1,350.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Craig Hallum raised their target price on shares of NVIDIA from $700.00 to $850.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Cantor Fitzgerald restated an “overweight” rating and issued a $900.00 price target on shares of NVIDIA in a research report on Monday, March 4th. Evercore ISI started coverage on NVIDIA in a research report on Tuesday, April 16th. They set an “outperform” rating and a $1,160.00 price objective on the stock. Finally, UBS Group upped their target price on NVIDIA from $1,100.00 to $1,150.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $966.55. Check Out Our Latest Report on NVIDIA NVIDIA Company Profile (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.
Stock Split Watch: Is Nvidia Next?
Stock splits can make shares more affordable to retail investors. Nvidia has had five stock splits in its history, with the previous one in 2021.
