[ad_1]
Scissortail Wealth Management LLC increased its holdings in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 113,240.7% in the fourth quarter, HoldingsChannel reports. The firm owned 30,602 shares of the computer hardware maker’s stock after purchasing an additional 30,575 shares during the period. Scissortail Wealth Management LLC’s holdings in NVIDIA were worth $4,110,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. DiNuzzo Private Wealth Inc. raised its position in NVIDIA by 0.8% in the fourth quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker’s stock worth $1,157,000 after purchasing an additional 71 shares in the last quarter. Baker Boyer National Bank raised its position in NVIDIA by 3.3% in the fourth quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker’s stock worth $323,000 after purchasing an additional 76 shares in the last quarter. SC&H Financial Advisors Inc. raised its position in NVIDIA by 1.6% in the fourth quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker’s stock worth $681,000 after purchasing an additional 80 shares in the last quarter. DecisionPoint Financial LLC raised its position in NVIDIA by 2.9% in the fourth quarter. DecisionPoint Financial LLC now owns 2,878 shares of the computer hardware maker’s stock worth $386,000 after purchasing an additional 80 shares in the last quarter. Finally, Matthew Goff Investment Advisor LLC raised its position in NVIDIA by 0.7% in the fourth quarter. Matthew Goff Investment Advisor LLC now owns 11,496 shares of the computer hardware maker’s stock worth $1,544,000 after purchasing an additional 84 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.
Insider Transactions at NVIDIA
In other news, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the transaction, the chief financial officer now directly owns 3,085,765 shares of the company’s stock, valued at $360,509,924.95. This trade represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John Dabiri sold 2,663 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the sale, the director now owns 17,279 shares in the company, valued at approximately $1,900,690. The trade was a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock valued at $17,133,207 over the last three months. 4.17% of the stock is currently owned by corporate insiders.
NVIDIA Price Performance
Shares of NVDA stock opened at $139.19 on Friday. The firm’s 50 day moving average price is $115.20 and its two-hundred day moving average price is $126.61. The stock has a market cap of $3.40 trillion, a PE ratio of 54.78, a PEG ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a 52-week low of $86.62 and a 52-week high of $195.95. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.
NVIDIA (NASDAQ:NVDA – Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). The firm had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company’s revenue for the quarter was up 69.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.61 earnings per share. As a group, analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.
NVIDIA Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be given a dividend of $0.01 per share. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio is 1.36%.
Analysts Set New Price Targets
Several research firms recently issued reports on NVDA. Truist Financial increased their price target on shares of NVIDIA from $205.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday. UBS Group reaffirmed a “buy” rating on shares of NVIDIA in a report on Friday, May 23rd. Bank of America raised their price objective on shares of NVIDIA from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, May 14th. Summit Insights raised shares of NVIDIA from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Citigroup reaffirmed a “buy” rating and set a $180.00 price objective (up previously from $150.00) on shares of NVIDIA in a report on Thursday. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $171.66.
Check Out Our Latest Research Report 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.
Featured Articles
Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Co. (NASDAQ:NVDA – Free Report).
Receive News & Ratings for NVIDIA Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for NVIDIA and related companies with MarketBeat.com’s FREE daily email newsletter.
[ad_2]
Source link