STF Management LP grew its position in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 24.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,842 shares of the computer hardware maker’s stock after acquiring an additional 3,666 shares during the period. NVIDIA comprises about 4.4% of STF Management LP’s portfolio, making the stock its 4th largest holding. STF Management LP’s holdings in NVIDIA were worth $8,196,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of NVDA. United Bank boosted its holdings in shares of NVIDIA by 28.9% during the 1st quarter. United Bank now owns 7,717 shares of the computer hardware maker’s stock worth $2,106,000 after buying an additional 1,730 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of NVIDIA by 6.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,904,772 shares of the computer hardware maker’s stock worth $1,065,457,000 after acquiring an additional 249,045 shares during the period. MAS Advisors LLC grew its position in shares of NVIDIA by 42.1% in the first quarter. MAS Advisors LLC now owns 1,967 shares of the computer hardware maker’s stock valued at $545,000 after purchasing an additional 583 shares during the last quarter. Navis Wealth Advisors LLC increased its stake in shares of NVIDIA by 205.3% during the first quarter. Navis Wealth Advisors LLC now owns 2,900 shares of the computer hardware maker’s stock worth $791,000 after purchasing an additional 1,950 shares during the period. Finally, Ergoteles LLC acquired a new stake in NVIDIA during the 1st quarter worth approximately $929,000. 64.79% of the stock is owned by institutional investors.
NVIDIA Trading Up 5.0 %
NVDA stock opened at $661.60 on Friday. NVIDIA Co. has a 12 month low of $204.21 and a 12 month high of $666.00. The firm’s 50-day moving average is $523.22 and its 200 day moving average is $476.90. The company has a market capitalization of $1.63 trillion, a PE ratio of 87.28, a P/E/G ratio of 4.12 and a beta of 1.68. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.59 and a quick ratio of 3.06.
NVIDIA (NASDAQ:NVDA – Get Free Report) last issued its earnings results on Tuesday, November 21st. The computer hardware maker reported $4.02 earnings per share for the quarter, beating analysts’ consensus estimates of $3.03 by $0.99. The business had revenue of $18.12 billion during the quarter, compared to analyst estimates of $16.19 billion. NVIDIA had a return on equity of 72.28% and a net margin of 42.10%. NVIDIA’s revenue was up 205.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 EPS. On average, research analysts anticipate that NVIDIA Co. will post 11.07 EPS for the current year.
NVIDIA Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Wednesday, December 6th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date was Tuesday, December 5th. NVIDIA’s dividend payout ratio (DPR) is currently 2.11%.
Insider Activity at NVIDIA
In other news, Director John Dabiri sold 218 shares of the firm’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $484.99, for a total value of $105,727.82. Following the sale, the director now directly owns 2,183 shares in the company, valued at approximately $1,058,733.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $484.62, for a total value of $218,079.00. Following the completion of the sale, the insider now directly owns 50,961 shares in the company, valued at $24,696,719.82. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director John Dabiri sold 218 shares of NVIDIA stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $484.99, for a total transaction of $105,727.82. Following the completion of the sale, the director now owns 2,183 shares of the company’s stock, valued at $1,058,733.17. The disclosure for this sale can be found here. Insiders have sold a total of 155,216 shares of company stock valued at $79,810,950 over the last quarter. 3.99% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on NVDA shares. Rosenblatt Securities reissued a “buy” rating on shares of NVIDIA in a report on Wednesday, November 22nd. UBS Group lifted their price objective on shares of NVIDIA from $560.00 to $580.00 and gave the stock a “buy” rating in a research note on Wednesday, November 22nd. Oppenheimer restated an “outperform” rating and set a $650.00 target price on shares of NVIDIA in a research report on Wednesday, November 22nd. TD Cowen lifted their price target on shares of NVIDIA from $600.00 to $700.00 and gave the company an “outperform” rating in a research report on Wednesday, October 11th. Finally, KeyCorp increased their price target on NVIDIA from $650.00 to $740.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $608.30.
Get Our Latest Stock Report on NVIDIA
About NVIDIA
(Free Report)
NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company’s Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.
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