Laurel Wealth Advisors Inc. lifted its position in shares of Nvidia (NASDAQ:NVDA) by 8.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,053 shares of the computer hardware maker’s stock after purchasing an additional 324 shares during the period. Laurel Wealth Advisors Inc.’s holdings in Nvidia were worth $784,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the company. SB Investment Advisers UK Ltd. purchased a new stake in shares of Nvidia during the fourth quarter worth about $5,200,218,000. Geode Capital Management LLC raised its stake in Nvidia by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 7,194,300 shares of the computer hardware maker’s stock worth $1,389,500,000 after buying an additional 512,166 shares in the last quarter. Legal & General Group Plc raised its stake in Nvidia by 2.8% in the third quarter. Legal & General Group Plc now owns 2,867,090 shares of the computer hardware maker’s stock worth $512,549,000 after buying an additional 78,943 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in Nvidia by 2.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 2,265,682 shares of the computer hardware maker’s stock worth $438,409,000 after buying an additional 45,162 shares in the last quarter. Finally, Swiss National Bank raised its stake in Nvidia by 0.9% in the fourth quarter. Swiss National Bank now owns 2,213,385 shares of the computer hardware maker’s stock worth $428,290,000 after buying an additional 19,900 shares in the last quarter. Institutional investors own 66.94% of the company’s stock.
A number of equities analysts recently issued reports on the stock. UBS assumed coverage on shares of Nvidia in a research note on Wednesday. They issued a “neutral” rating and a $250.00 price target for the company. Stifel Nicolaus increased their price target on shares of Nvidia from $184.00 to $220.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. They noted that the move was a valuation call. BidaskClub raised shares of Nvidia from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 11th. ValuEngine raised shares of Nvidia from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $285.00 price target (up from $280.00) on shares of Nvidia in a research note on Wednesday, March 14th. Four 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. The stock has an average rating of “Buy” and an average target price of $217.16.
In other news, Director James C. Gaither sold 40,359 shares of Nvidia stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $245.67, for a total transaction of $9,914,995.53. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark L. Perry sold 17,307 shares of Nvidia stock in a transaction on Monday, February 12th. The stock was sold at an average price of $227.93, for a total transaction of $3,944,784.51. Following the transaction, the director now owns 30,762 shares in the company, valued at approximately $7,011,582.66. The disclosure for this sale can be found here. Insiders sold 94,959 shares of company stock worth $22,692,182 in the last 90 days. 5.82% of the stock is currently owned by corporate insiders.
Shares of NVDA stock opened at $214.25 on Friday. Nvidia has a 12-month low of $95.49 and a 12-month high of $254.50. The company has a debt-to-equity ratio of 0.27, a quick ratio of 7.34 and a current ratio of 8.03. The company has a market capitalization of $136,875.20, a P/E ratio of 45.88, a P/E/G ratio of 3.56 and a beta of 1.51.
Nvidia (NASDAQ:NVDA) last issued its earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.67 billion. During the same quarter last year, the company posted $1.13 earnings per share. The firm’s quarterly revenue was up 34.0% on a year-over-year basis. equities analysts predict that Nvidia will post 6.21 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Friday, February 23rd were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.28%. The ex-dividend date was Thursday, February 22nd. Nvidia’s dividend payout ratio is currently 12.85%.
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Nvidia Company Profile
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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