Vise Technologies Inc. increased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 11.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,169 shares of the computer hardware maker’s stock after acquiring an additional 1,546 shares during the quarter. NVIDIA comprises 1.6% of Vise Technologies Inc.’s investment portfolio, making the stock its 13th biggest position. Vise Technologies Inc.’s holdings in NVIDIA were worth $7,512,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. US Financial Advisors LLC boosted its position in NVIDIA by 5.2% during the fourth quarter. US Financial Advisors LLC now owns 610 shares of the computer hardware maker’s stock worth $302,000 after acquiring an additional 30 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in NVIDIA by 5.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,548,400 shares of the computer hardware maker’s stock valued at $1,212,248,000 after purchasing an additional 130,895 shares during the last quarter. M&G Investment Management Ltd. boosted its holdings in NVIDIA by 30.3% in the 4th quarter. M&G Investment Management Ltd. now owns 39,224 shares of the computer hardware maker’s stock valued at $19,416,000 after purchasing an additional 9,121 shares during the last quarter. Keystone Investors PTE Ltd. boosted its holdings in NVIDIA by 9.7% in the 4th quarter. Keystone Investors PTE Ltd. now owns 247,435 shares of the computer hardware maker’s stock valued at $122,535,000 after purchasing an additional 21,977 shares during the last quarter. Finally, Monolith Management Ltd acquired a new position in NVIDIA in the 4th quarter valued at about $9,483,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In related news, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the completion of the sale, the director now owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Donald F. Robertson, Jr. sold 450 shares of the stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total transaction of $410,229.00. Following the completion of the sale, the insider now owns 49,815 shares in the company, valued at approximately $45,412,350.30. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 10,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the completion of the sale, the director now owns 1,124,583 shares of the company’s stock, valued at approximately $896,933,663.31. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,278 shares of company stock worth $52,689,898. Corporate insiders own 4.23% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have weighed in on the stock. Raymond James boosted their target price on shares of NVIDIA from $850.00 to $1,100.00 and gave the company a “strong-buy” rating in a report on Thursday, April 11th. Rosenblatt Securities reiterated a “buy” rating and issued a $1,400.00 target price on shares of NVIDIA in a report on Monday. Jefferies Financial Group assumed coverage on shares of NVIDIA in a report on Monday, May 13th. They issued a “buy” rating and a $1,200.00 target price on the stock. Wells Fargo & Company boosted their target price on shares of NVIDIA from $970.00 to $1,150.00 and gave the company an “overweight” rating in a report on Tuesday, May 14th. Finally, Mizuho boosted their price target on shares of NVIDIA from $850.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Four analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $1,002.18.
Get Our Latest Analysis on NVDA
NVIDIA Trading Up 2.5 %
Shares of NVIDIA stock opened at $947.80 on Tuesday. The company has a fifty day simple moving average of $884.78 and a 200-day simple moving average of $691.03. NVIDIA Co. has a 12-month low of $298.06 and a 12-month high of $974.00. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. The stock has a market cap of $2.33 trillion, a price-to-earnings ratio of 79.38, a PEG ratio of 1.31 and a beta of 1.75.
NVIDIA (NASDAQ:NVDA – Get Free Report) last issued its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The business had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $20.40 billion. During the same quarter in the prior year, the business posted $0.65 EPS. The company’s revenue for the quarter was up 265.3% on a year-over-year basis. On average, equities analysts forecast that NVIDIA Co. will post 22.9 EPS for the current fiscal year.
NVIDIA Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. The ex-dividend date of this dividend was Tuesday, March 5th. NVIDIA’s payout ratio is 1.34%.
NVIDIA Company 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.
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