SWS Partners acquired a new stake in NVIDIA Co. (NASDAQ:NVDA) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,518 shares of the computer hardware maker’s stock, valued at approximately $487,000.
Several other large investors also recently added to or reduced their stakes in the company. KCS Wealth Advisory purchased a new position in NVIDIA during the 4th quarter worth $282,000. Schwab Charles Investment Management Inc. boosted its holdings in shares of NVIDIA by 3.8% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,932,495 shares of the computer hardware maker’s stock worth $345,473,000 after buying an additional 71,458 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of NVIDIA by 45.8% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 27,391 shares of the computer hardware maker’s stock worth $4,897,000 after buying an additional 8,605 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of NVIDIA by 31.2% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 400,920 shares of the computer hardware maker’s stock worth $71,672,000 after buying an additional 95,311 shares during the last quarter. Finally, Coastline Trust Co purchased a new position in shares of NVIDIA in the 3rd quarter worth about $871,000. Institutional investors own 66.92% of the company’s stock.
In related news, Director James C. Gaither sold 40,359 shares of NVIDIA stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $245.67, for a total value of $9,914,995.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark L. Perry sold 17,307 shares of NVIDIA stock in a transaction dated 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 completion of the sale, the director now owns 30,762 shares of the company’s stock, valued at $7,011,582.66. The disclosure for this sale can be found here. Insiders have sold 57,769 shares of company stock valued at $13,883,276 over the last 90 days. Corporate insiders own 5.17% of the company’s stock.
NVDA has been the topic of several recent research reports. Royal Bank of Canada reaffirmed a “buy” rating on shares of NVIDIA in a report on Friday, November 24th. Mizuho reaffirmed a “buy” rating and set a $225.00 price objective on shares of NVIDIA in a report on Tuesday, November 28th. Vetr raised shares of NVIDIA from a “hold” rating to a “buy” rating and set a $218.56 price objective on the stock in a report on Wednesday, November 29th. ValuEngine downgraded shares of NVIDIA from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Goldman Sachs reaffirmed a “buy” rating and set a $228.00 price objective on shares of NVIDIA in a report on Friday, January 5th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $212.43.
Shares of NVDA stock opened at $249.58 on Wednesday. The company has a quick ratio of 7.34, a current ratio of 8.03 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $145,805.00, a price-to-earnings ratio of 51.78, a P/E/G ratio of 3.78 and a beta of 1.43. NVIDIA Co. has a 52 week low of $95.49 and a 52 week high of $254.50.
NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, February 8th. The computer hardware maker reported $1.72 EPS for the quarter, beating the consensus estimate of $1.16 by $0.56. The business had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.67 billion. NVIDIA had a return on equity of 45.02% and a net margin of 31.36%. The company’s revenue for the quarter was up 34.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.13 earnings per share. analysts expect that NVIDIA Co. will post 6.22 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Friday, February 23rd were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.24%. The ex-dividend date was Thursday, February 22nd. NVIDIA’s dividend payout ratio is currently 12.45%.
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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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