Spectrum Management Group Inc. raised its holdings in NVIDIA Co. (NASDAQ:NVDA) by 10.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,360 shares of the computer hardware maker’s stock after acquiring an additional 220 shares during the period. Spectrum Management Group Inc.’s holdings in NVIDIA were worth $457,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in NVDA. Welch Investments LLC acquired a new stake in shares of NVIDIA during the third quarter valued at about $104,000. Country Trust Bank boosted its stake in shares of NVIDIA by 490.0% during the fourth quarter. Country Trust Bank now owns 590 shares of the computer hardware maker’s stock valued at $114,000 after purchasing an additional 490 shares in the last quarter. Global Trust Asset Management LLC acquired a new stake in shares of NVIDIA during the fourth quarter valued at about $116,000. North Star Investment Management Corp. boosted its stake in shares of NVIDIA by 67.3% during the fourth quarter. North Star Investment Management Corp. now owns 634 shares of the computer hardware maker’s stock valued at $123,000 after purchasing an additional 255 shares in the last quarter. Finally, Edge Advisors LLC boosted its stake in shares of NVIDIA by 98.8% during the third quarter. Edge Advisors LLC now owns 835 shares of the computer hardware maker’s stock valued at $149,000 after purchasing an additional 415 shares in the last quarter. Hedge funds and other institutional investors own 62.84% of the company’s stock.
A number of analysts have recently commented on NVDA shares. Oppenheimer reissued a “hold” rating on shares of NVIDIA in a research note on Sunday, November 5th. Bank of America reissued a “buy” rating and set a $275.00 price target (up from $251.00) on shares of NVIDIA in a research note on Friday, January 19th. B. Riley reissued a “buy” rating and set a $270.00 price target on shares of NVIDIA in a research note on Monday, January 8th. Jefferies Group lifted their price target on NVIDIA from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, November 10th. Finally, Barclays lifted their price target on NVIDIA from $200.00 to $225.00 and gave the company an “equal weight” rating in a research note on Friday, November 10th. 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 stock. The company has a consensus rating of “Buy” and an average price target of $210.67.
In other news, Director A Brooke Seawell sold 1,029 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $214.10, for a total transaction of $220,308.90. Following the completion of the sale, the director now owns 1,029 shares in the company, valued at $220,308.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Dawn E. Hudson sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $213.44, for a total value of $3,201,600.00. Following the sale, the director now owns 46,868 shares of the company’s stock, valued at approximately $10,003,505.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,858 shares of company stock worth $4,227,384. Insiders own 5.82% of the company’s stock.
NVIDIA Co. (NVDA) opened at $232.08 on Friday. NVIDIA Co. has a 12 month low of $95.17 and a 12 month high of $249.27. The company has a quick ratio of 7.42, a current ratio of 8.26 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $140,640.00, a P/E ratio of 48.05, a price-to-earnings-growth ratio of 4.83 and a beta of 1.43.
NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.56. NVIDIA had a return on equity of 47.44% 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 in the previous year, the firm earned $1.13 earnings per share. The company’s revenue was up 34.0% compared to the same quarter last year. equities research analysts anticipate that NVIDIA Co. will post 4.68 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 23rd will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.26%. The ex-dividend date is Thursday, February 22nd. NVIDIA’s dividend payout ratio (DPR) is presently 12.42%.
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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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