By otakuyassine3@gmail.com 
Glass Wealth Management Co LLC grew its stake in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,407 shares of the computer hardware maker’s stock after buying an additional 730 shares during the period. NVIDIA accounts for 4.0% of Glass Wealth Management Co LLC’s investment portfolio, making the stock its 5th biggest position. Glass Wealth Management Co LLC’s holdings in NVIDIA were worth $7,441,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently made changes to their positions in NVDA. DiNuzzo Private Wealth Inc. raised its stake in NVIDIA by 0.8% during the fourth quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker’s stock valued at $1,157,000 after buying an additional 71 shares in the last quarter. Smart Portfolios LLC grew its position in shares of NVIDIA by 2.7% during the third quarter. Smart Portfolios LLC now owns 2,805 shares of the computer hardware maker’s stock worth $341,000 after acquiring an additional 75 shares during the last quarter. Palisade Asset Management LLC increased its stake in shares of NVIDIA by 0.5% in the third quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker’s stock valued at $1,866,000 after purchasing an additional 75 shares during the period. Baker Boyer National Bank raised its stake in NVIDIA by 3.3% during the 4th quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker’s stock valued at $323,000 after acquiring an additional 76 shares in the last quarter. Finally, Kwmg LLC raised its position in shares of NVIDIA by 0.6% during the 4th quarter. Kwmg LLC now owns 13,067 shares of the computer hardware maker’s stock worth $1,755,000 after buying an additional 77 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.
NVIDIA Stock Up 18.7 %
NVDA opened at $114.33 on Thursday. The stock’s fifty day simple moving average is $119.29 and its 200 day simple moving average is $130.54. The stock has a market cap of $2.79 trillion, a PE ratio of 44.99, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a 1-year low of $75.61 and a 1-year high of $195.95. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.
NVIDIA (NASDAQ:NVDA – Get Free Report) last issued its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating the consensus estimate of $0.84 by $0.05. The company had revenue of $39.33 billion during the quarter, compared to analysts’ expectations of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. As a group, research analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current year.
NVIDIA Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were paid a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s payout ratio is presently 1.36%.
Insiders Place Their Bets
In other NVIDIA news, Director John Dabiri sold 2,663 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the sale, the director now owns 17,279 shares of the company’s stock, valued at approximately $1,900,690. This represents a 13.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 66,660 shares of the stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the sale, the chief financial officer now owns 3,085,765 shares of the company’s stock, valued at approximately $360,509,924.95. The trade was a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock valued at $17,133,207 in the last 90 days. Corporate insiders own 4.23% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on NVDA shares. Bank of America reaffirmed a “buy” rating and set a $200.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $200.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. William Blair reissued an “outperform” rating on shares of NVIDIA in a research note on Thursday, March 20th. HSBC downgraded NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 price objective on the stock. in a report on Thursday, April 3rd. Finally, DA Davidson decreased their price target on NVIDIA from $135.00 to $125.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th. Six equities research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus target price of $169.01.
View Our Latest Analysis on NVIDIA
NVIDIA Profile
NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The 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; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.
See Also
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