Zeke Capital Advisors LLC raised its position in Nvidia (NASDAQ:NVDA) by 4.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,312 shares of the computer hardware maker’s stock after purchasing an additional 403 shares during the quarter. Zeke Capital Advisors LLC’s holdings in Nvidia were worth $1,995,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Welch Investments LLC acquired a new stake in Nvidia during the 3rd quarter valued at approximately $104,000. Country Trust Bank grew its position in shares of Nvidia by 490.0% in the 4th quarter. Country Trust Bank now owns 590 shares of the computer hardware maker’s stock worth $114,000 after acquiring an additional 490 shares in the last quarter. Global Trust Asset Management LLC acquired a new position in shares of Nvidia in the 4th quarter worth approximately $116,000. Clearbridge Investments LLC grew its position in shares of Nvidia by 100.0% in the 4th quarter. Clearbridge Investments LLC now owns 600 shares of the computer hardware maker’s stock worth $116,000 after acquiring an additional 300 shares in the last quarter. Finally, North Star Investment Management Corp. grew its position in shares of Nvidia by 67.3% in the 4th quarter. North Star Investment Management Corp. now owns 634 shares of the computer hardware maker’s stock worth $123,000 after acquiring an additional 255 shares in the last quarter. Institutional investors own 66.94% of the company’s stock.
NVDA stock opened at $214.25 on Friday. The company has a market capitalization of $133,934.91, a PE ratio of 45.88, a P/E/G ratio of 3.48 and a beta of 1.51. The company has a debt-to-equity ratio of 0.27, a quick ratio of 7.34 and a current ratio of 8.03. Nvidia has a 1-year low of $95.49 and a 1-year high of $254.50.
Nvidia (NASDAQ:NVDA) last announced its earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 EPS for the quarter, topping the consensus estimate of $1.16 by $0.56. The business had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.67 billion. Nvidia had a return on equity of 45.02% and a net margin of 31.36%. Nvidia’s revenue was up 34.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.13 EPS. analysts forecast that Nvidia will post 6.21 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Friday, February 23rd were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend was Thursday, February 22nd. Nvidia’s dividend payout ratio is 12.85%.
In other news, Director Mark L. Perry sold 17,307 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $227.93, for a total value of $3,944,784.51. Following the transaction, the director now owns 30,762 shares of the company’s stock, valued at approximately $7,011,582.66. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Debora Shoquist sold 32,049 shares of the stock in a transaction on Tuesday, March 27th. The shares were sold at an average price of $239.45, for a total value of $7,674,133.05. Following the completion of the transaction, the executive vice president now directly owns 201,796 shares in the company, valued at approximately $48,320,052.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 94,959 shares of company stock worth $22,692,182. Company insiders own 5.82% of the company’s stock.
Several analysts recently issued reports on NVDA shares. SunTrust Banks reissued a “buy” rating and issued a $305.00 price target (up previously from $253.00) on shares of Nvidia in a report on Friday, February 9th. Vetr raised Nvidia from a “buy” rating to a “strong-buy” rating and set a $218.94 price target on the stock in a report on Monday, January 1st. Morgan Stanley lifted their target price on Nvidia from $222.00 to $258.00 and gave the company an “equal weight” rating in a research note on Friday, February 9th. Needham & Company LLC lifted their target price on Nvidia to $300.00 in a research note on Friday, February 9th. Finally, Goldman Sachs downgraded Nvidia from a “conviction-buy” rating to a “buy” rating and set a $281.00 target price on the stock. in a research note on Thursday, February 1st. Four equities research analysts have rated the stock with a sell rating, thirteen have issued 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 presently has a consensus rating of “Buy” and an average target price of $217.16.
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NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.
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