First Trust Advisors LP increased its stake in NVIDIA Co. (NASDAQ:NVDA) by 8.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 624,808 shares of the computer hardware maker’s stock after acquiring an additional 48,117 shares during the period. First Trust Advisors LP owned approximately 0.10% of NVIDIA worth $120,900,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in NVDA. Ark Investment Management LLC raised its stake in shares of NVIDIA by 79.5% in the second quarter. Ark Investment Management LLC now owns 126,769 shares of the computer hardware maker’s stock valued at $18,326,000 after acquiring an additional 56,138 shares in the last quarter. AHL Partners LLP acquired a new stake in shares of NVIDIA in the second quarter valued at $848,000. Koch Industries Inc. raised its stake in shares of NVIDIA by 4,042.8% in the second quarter. Koch Industries Inc. now owns 241,484 shares of the computer hardware maker’s stock valued at $240,000 after acquiring an additional 235,655 shares in the last quarter. WFG Advisors LP raised its stake in shares of NVIDIA by 64.4% in the second quarter. WFG Advisors LP now owns 1,598 shares of the computer hardware maker’s stock valued at $231,000 after acquiring an additional 626 shares in the last quarter. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of NVIDIA in the second quarter valued at $28,543,000. Institutional investors and hedge funds own 62.70% of the company’s stock.
NVIDIA Co. (NASDAQ NVDA) opened at $232.63 on Wednesday. The stock has a market capitalization of $140,970.00, a PE ratio of 48.16, a price-to-earnings-growth ratio of 3.71 and a beta of 1.43. NVIDIA Co. has a twelve month low of $95.17 and a twelve month high of $249.27. The company has a current ratio of 8.03, a quick ratio of 7.34 and a debt-to-equity ratio of 0.27.
NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.56. The company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.67 billion. NVIDIA had a return on equity of 45.02% and a net margin of 31.36%. The business’s quarterly revenue was up 34.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.13 earnings per share. sell-side analysts forecast that NVIDIA Co. will post 6 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 23rd will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.26%. The ex-dividend date is Thursday, February 22nd. NVIDIA’s payout ratio is 12.42%.
In other NVIDIA news, CFO Colette Kress sold 171 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $185.57, for a total transaction of $31,732.47. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director A Brooke Seawell sold 1,029 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $214.10, for a total value of $220,308.90. Following the transaction, the director now directly owns 1,029 shares in the company, valued at approximately $220,308.90. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,165 shares of company stock worth $4,970,569. Corporate insiders own 5.17% of the company’s stock.
Several analysts have recently issued reports on the company. Stifel Nicolaus increased their price objective on NVIDIA from $184.00 to $220.00 and gave the company a “hold” rating in a research note on Friday, February 9th. They noted that the move was a valuation call. B. Riley increased their price objective on NVIDIA from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Bank of America reiterated a “buy” rating and issued a $300.00 price objective (up from $275.00) on shares of NVIDIA in a research note on Friday, February 9th. BMO Capital Markets increased their price objective on NVIDIA from $200.00 to $225.00 and gave the company a “market perform” rating in a research note on Friday, February 9th. Finally, Mizuho reiterated a “buy” rating and issued a $265.00 price objective (up from $240.00) on shares of NVIDIA in a research note on Friday, February 9th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $210.67.
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NVIDIA Company Profile
Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.
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