OLD Mission Capital LLC acquired a new stake in shares of Nvidia (NASDAQ:NVDA) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,428 shares of the computer hardware maker’s stock, valued at approximately $857,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Whale Rock Capital Management LLC acquired a new stake in shares of Nvidia in the 3rd quarter valued at $93,171,000. Geode Capital Management LLC boosted its stake in shares of Nvidia by 7.7% in the 4th quarter. Geode Capital Management LLC now owns 7,194,300 shares of the computer hardware maker’s stock valued at $1,389,500,000 after purchasing an additional 512,166 shares in the last quarter. Old Mutual Global Investors UK Ltd. boosted its stake in shares of Nvidia by 71.3% in the 4th quarter. Old Mutual Global Investors UK Ltd. now owns 1,028,663 shares of the computer hardware maker’s stock valued at $199,046,000 after purchasing an additional 428,046 shares in the last quarter. Zevenbergen Capital Investments LLC boosted its stake in shares of Nvidia by 957.5% in the 3rd quarter. Zevenbergen Capital Investments LLC now owns 391,565 shares of the computer hardware maker’s stock valued at $70,000,000 after purchasing an additional 354,537 shares in the last quarter. Finally, Global X Management Co. LLC boosted its stake in shares of Nvidia by 124.8% in the 4th quarter. Global X Management Co. LLC now owns 616,045 shares of the computer hardware maker’s stock valued at $119,205,000 after purchasing an additional 342,038 shares in the last quarter. 66.94% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP Debora Shoquist sold 32,049 shares of the firm’s stock in a transaction dated Tuesday, March 27th. The stock was sold at an average price of $239.45, for a total transaction 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 $48,320,052.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Persis Drell sold 5,141 shares of the firm’s stock in a transaction dated Wednesday, March 28th. The stock was sold at an average price of $220.73, for a total value of $1,134,772.93. Following the transaction, the director now owns 20,963 shares of the company’s stock, valued at $4,627,162.99. The disclosure for this sale can be found here. Insiders have sold 94,959 shares of company stock worth $22,692,182 over the last three months. Insiders own 5.82% of the company’s stock.
NASDAQ:NVDA traded down $7.13 during trading hours on Friday, hitting $214.25. The company’s stock had a trading volume of 16,574,720 shares, compared to its average volume of 16,242,387. Nvidia has a twelve month low of $95.49 and a twelve month high of $254.50. The firm has a market capitalization of $133,934.91, a PE ratio of 45.88, a price-to-earnings-growth ratio of 3.48 and a beta of 1.51. The company has a quick ratio of 7.34, a current ratio of 8.03 and a debt-to-equity ratio of 0.27.
Nvidia (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 EPS for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.56. Nvidia had a return on equity of 45.02% and a net margin of 31.36%. The firm had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same period last year, the firm posted $1.13 earnings per share. The business’s revenue for the quarter was up 34.0% on a year-over-year basis. analysts anticipate that Nvidia will post 6.21 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Friday, February 23rd were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date was Thursday, February 22nd. Nvidia’s payout ratio is 12.85%.
A number of research analysts recently issued reports on the company. Vetr raised Nvidia from a “buy” rating to a “strong-buy” rating and set a $270.50 price target for the company in a report on Thursday, March 1st. Goldman Sachs cut Nvidia from a “conviction-buy” rating to a “buy” rating and set a $281.00 price objective for the company. in a report on Thursday, February 1st. ValuEngine raised Nvidia from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. B. Riley boosted their price objective on Nvidia from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Finally, BidaskClub cut Nvidia from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 5th. Four 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 assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target 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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