Spirepoint Private Client LLC reduced its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 138,483 shares of the computer hardware maker's stock after selling 3,560 shares during the quarter. NVIDIA makes up about 2.3% of Spirepoint Private Client LLC's holdings, making the stock its 6th biggest holding. Spirepoint Private Client LLC's holdings in NVIDIA were worth $18,597,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in NVIDIA by 2.2% in the third quarter. Geode Capital Management LLC now owns 546,079,492 shares of the computer hardware maker's stock worth $66,101,133,000 after purchasing an additional 11,525,969 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of NVIDIA by 3.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 180,403,789 shares of the computer hardware maker's stock valued at $21,908,236,000 after buying an additional 6,526,200 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of NVIDIA by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 146,069,090 shares of the computer hardware maker's stock worth $17,738,630,000 after buying an additional 2,042,348 shares during the period. Fisher Asset Management LLC increased its stake in shares of NVIDIA by 3.5% in the 3rd quarter. Fisher Asset Management LLC now owns 96,720,707 shares of the computer hardware maker's stock worth $11,745,763,000 after acquiring an additional 3,283,380 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its position in NVIDIA by 12,898.6% during the 3rd quarter. International Assets Investment Management LLC now owns 56,292,986 shares of the computer hardware maker's stock valued at $6,836,220,000 after acquiring an additional 55,859,917 shares during the period. 65.27% of the stock is currently owned by institutional investors.
In related news, Director Tench Coxe sold 1,000,000 shares of the firm's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the completion of the transaction, the director now directly owns 28,671,360 shares of the company's stock, valued at approximately $3,763,402,713.60. This trade represents a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Ajay K. Puri sold 36,462 shares of the business's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the sale, the executive vice president now owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,107,632 shares of company stock worth $146,405,286. Corporate insiders own 4.23% of the company's stock.
Shares of NASDAQ NVDA traded down $5.71 during trading on Monday, hitting $106.98. The company had a trading volume of 361,875,373 shares, compared to its average volume of 284,984,219. NVIDIA Co. has a 12 month low of $75.61 and a 12 month high of $153.13. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The firm has a market capitalization of $2.61 trillion, a P/E ratio of 42.10, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77. The stock has a 50 day simple moving average of $131.66 and a 200 day simple moving average of $131.68.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.05. The company had revenue of $39.33 billion for 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, analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.04%. The ex-dividend date is Wednesday, March 12th. NVIDIA's dividend payout ratio is currently 1.36%.
Several equities analysts have recently issued reports on NVDA shares. The Goldman Sachs Group lifted their target price on shares of NVIDIA from $150.00 to $165.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Robert W. Baird lifted their price objective on NVIDIA from $150.00 to $190.00 and gave the company an "outperform" rating in a research note on Thursday, November 21st. Barclays boosted their target price on NVIDIA from $160.00 to $175.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. Tigress Financial restated a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. Finally, Melius Research upped their price target on shares of NVIDIA from $165.00 to $185.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Four analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $171.69.
Get Our Latest Stock Report on NVDA
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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