Liberty Mutual Group Asset Management Inc. decreased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 24.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 23,914 shares of the computer hardware maker’s stock after selling 7,743 shares during the quarter. Liberty Mutual Group Asset Management Inc.’s holdings in NVIDIA were worth $4,627,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of the company. YorkBridge Wealth Partners LLC grew its position in shares of NVIDIA by 309.0% during the 4th quarter. YorkBridge Wealth Partners LLC now owns 1,002 shares of the computer hardware maker’s stock valued at $214,000 after acquiring an additional 757 shares during the period. Martingale Asset Management L P boosted its holdings in NVIDIA by 15.1% in the 4th quarter. Martingale Asset Management L P now owns 8,405 shares of the computer hardware maker’s stock worth $1,627,000 after buying an additional 1,102 shares during the period. Navellier & Associates Inc bought a new position in NVIDIA in the 4th quarter worth $12,210,000. Eaton Vance Management boosted its holdings in NVIDIA by 10.4% in the 4th quarter. Eaton Vance Management now owns 817,480 shares of the computer hardware maker’s stock worth $158,182,000 after buying an additional 76,868 shares during the period. Finally, Capital Analysts LLC boosted its holdings in NVIDIA by 14,074.3% in the 4th quarter. Capital Analysts LLC now owns 38,129 shares of the computer hardware maker’s stock worth $3,722,000 after buying an additional 37,860 shares during the period. 61.46% of the stock is owned by hedge funds and other institutional investors.
Shares of NVIDIA Co. (NASDAQ NVDA) opened at $242.15 on Friday. The company has a current ratio of 8.03, a quick ratio of 7.34 and a debt-to-equity ratio of 0.27. The stock has a market cap of $146,740.00, a PE ratio of 50.13, a PEG ratio of 3.79 and a beta of 1.43. NVIDIA Co. has a 1 year low of $95.17 and a 1 year high of $251.97.
NVIDIA (NASDAQ:NVDA) last announced its earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.56. The firm had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.67 billion. NVIDIA had a net margin of 31.36% and a return on equity of 45.02%. The business’s revenue was up 34.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.13 EPS. sell-side analysts anticipate that NVIDIA Co. will post 6.22 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date is Thursday, February 22nd. NVIDIA’s dividend payout ratio (DPR) is currently 12.42%.
In related news, Director James C. Gaither sold 40,359 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $245.67, for a total value of $9,914,995.53. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Persis Drell sold 606 shares of the stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $197.07, for a total transaction of $119,424.42. Following the completion of the sale, the director now directly owns 26,104 shares in the company, valued at $5,144,315.28. The disclosure for this sale can be found here. Insiders sold a total of 58,443 shares of company stock worth $14,010,937 over the last three months. 5.82% of the stock is currently owned by corporate insiders.
Several brokerages recently weighed in on NVDA. Vetr raised shares of NVIDIA from a “hold” rating to a “buy” rating and set a $257.77 target price for the company in a report on Monday. BidaskClub raised shares of NVIDIA from a “buy” rating to a “strong-buy” rating in a report on Friday, February 16th. Nomura upped their target price on shares of NVIDIA to $225.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. BMO Capital Markets upped their target price on shares of NVIDIA from $200.00 to $225.00 and gave the stock a “market perform” rating in a report on Friday, February 9th. Finally, B. Riley upped their target price on shares of NVIDIA from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company’s stock. NVIDIA presently has a consensus rating of “Buy” and an average price target of $210.97.
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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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