Crewe Advisors LLC purchased a new stake in shares of NVIDIA Co. (NASDAQ:NVDA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 763 shares of the computer hardware maker’s stock, valued at approximately $148,000.
Several other hedge funds have also recently added to or reduced their stakes in the company. Homrich & Berg purchased a new position in NVIDIA during the fourth quarter valued at approximately $255,000. Mariner Wealth Advisors LLC grew its position in NVIDIA by 87.5% during the fourth quarter. Mariner Wealth Advisors LLC now owns 4,994 shares of the computer hardware maker’s stock valued at $967,000 after purchasing an additional 2,330 shares in the last quarter. Wealthfront Inc. grew its position in NVIDIA by 6.0% during the fourth quarter. Wealthfront Inc. now owns 23,284 shares of the computer hardware maker’s stock valued at $4,505,000 after purchasing an additional 1,322 shares in the last quarter. Virtus Fund Advisers LLC purchased a new position in NVIDIA during the fourth quarter valued at approximately $10,604,000. Finally, Tower Research Capital LLC TRC grew its position in NVIDIA by 99.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,062 shares of the computer hardware maker’s stock valued at $1,754,000 after purchasing an additional 4,524 shares in the last quarter. Institutional investors and hedge funds own 61.46% of the company’s stock.
In other news, Director Persis Drell sold 606 shares of the stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $197.07, for a total value of $119,424.42. Following the completion of the transaction, the director now owns 26,104 shares in the company, valued at approximately $5,144,315.28. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Colette Kress sold 171 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $185.57, for a total transaction of $31,732.47. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,136 shares of company stock valued at $4,750,260. Corporate insiders own 5.17% of the company’s stock.
A number of research analysts recently commented on NVDA shares. Oppenheimer reaffirmed a “hold” rating on shares of NVIDIA in a research report on Sunday, November 5th. Bank of America reaffirmed a “buy” rating and set a $275.00 price objective (up from $251.00) on shares of NVIDIA in a research report on Friday, January 19th. B. Riley reaffirmed a “buy” rating and set a $270.00 price objective on shares of NVIDIA in a research report on Monday, January 8th. Jefferies Group boosted their price objective on shares of NVIDIA from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Finally, Barclays boosted their price objective on shares of NVIDIA from $200.00 to $225.00 and gave the company an “equal weight” rating in a research report on Friday, November 10th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. NVIDIA has an average rating of “Buy” and an average target price of $210.97.
Shares of NVIDIA Co. (NVDA) opened at $243.84 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 8.03 and a quick ratio of 7.34. NVIDIA Co. has a one year low of $95.17 and a one year high of $250.00. The firm has a market cap of $147,767.03, a price-to-earnings ratio of 52.55, a PEG ratio of 3.82 and a beta of 1.43.
NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.56. NVIDIA had a net margin of 31.36% and a return on equity of 45.02%. The business had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.67 billion. During the same period in the previous year, the company earned $1.13 earnings per share. NVIDIA’s revenue for the quarter was up 34.0% on a year-over-year basis. research analysts anticipate that NVIDIA Co. will post 6.22 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend is Thursday, February 22nd. NVIDIA’s payout ratio is currently 12.45%.
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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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