Hyman Charles D increased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 3.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,371 shares of the computer hardware maker’s stock after acquiring an additional 47 shares during the period. Hyman Charles D’s holdings in NVIDIA were worth $732,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. grew its stake in shares of NVIDIA by 2.0% in the fourth quarter. BlackRock Inc. now owns 44,799,146 shares of the computer hardware maker’s stock worth $23,394,117,000 after acquiring an additional 871,896 shares during the last quarter. Itau Unibanco Holding S.A. raised its holdings in NVIDIA by 76,947.4% in the fourth quarter. Itau Unibanco Holding S.A. now owns 7,303,326 shares of the computer hardware maker’s stock worth $307,000 after buying an additional 7,293,847 shares during the last quarter. Norges Bank bought a new position in shares of NVIDIA in the fourth quarter worth approximately $3,076,228,000. Edgewood Management LLC grew its holdings in shares of NVIDIA by 1.3% during the fourth quarter. Edgewood Management LLC now owns 5,077,121 shares of the computer hardware maker’s stock valued at $2,651,273,000 after buying an additional 67,004 shares during the last quarter. Finally, Morgan Stanley increased its position in shares of NVIDIA by 29.7% during the fourth quarter. Morgan Stanley now owns 4,695,110 shares of the computer hardware maker’s stock valued at $2,451,789,000 after acquiring an additional 1,075,930 shares in the last quarter. Institutional investors and hedge funds own 65.70% of the company’s stock.
Shares of NASDAQ:NVDA traded down $28.09 during trading on Tuesday, hitting $565.38. 248,875 shares of the company’s stock were exchanged, compared to its average volume of 8,255,655. The business’s 50-day simple moving average is $568.71 and its 200 day simple moving average is $545.05. The company has a market cap of $351.88 billion, a price-to-earnings ratio of 92.47, a PEG ratio of 3.87 and a beta of 1.45. NVIDIA Co. has a 52-week low of $280.88 and a 52-week high of $648.57. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.92 and a quick ratio of 3.52.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Wednesday, March 10th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.11%. The ex-dividend date was Tuesday, March 9th. NVIDIA’s dividend payout ratio (DPR) is presently 13.94%.
In related news, Director Persis Drell sold 1,200 shares of the company’s stock in a transaction on Monday, April 12th. The shares were sold at an average price of $587.53, for a total transaction of $705,036.00. Following the sale, the director now owns 16,844 shares of the company’s stock, valued at $9,896,355.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert K. Burgess sold 14,500 shares of the stock in a transaction on Thursday, April 15th. The shares were sold at an average price of $627.95, for a total transaction of $9,105,275.00. In the last 90 days, insiders have sold 21,804 shares of company stock valued at $13,207,675. Company insiders own 4.47% of the company’s stock.
Several analysts have commented on the company. Mizuho increased their target price on NVIDIA from $650.00 to $675.00 and gave the company a “buy” rating in a research note on Monday, April 19th. New Street Research raised NVIDIA from a “sell” rating to a “neutral” rating in a research report on Wednesday, February 3rd. Cascend Securities boosted their target price on NVIDIA from $620.00 to $640.00 and gave the stock a “buy” rating in a research report on Wednesday, March 3rd. Wedbush upped their target price on shares of NVIDIA from $600.00 to $640.00 and gave the company an “outperform” rating in a research note on Thursday, February 25th. Finally, Raymond James upgraded shares of NVIDIA from an “outperform” rating to a “strong-buy” rating and lifted their price target for the stock from $700.00 to $750.00 in a research note on Wednesday, April 21st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $606.61.
NVIDIA Company Profile
NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, Graphics and Compute & Networking. 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 design; GRID software for cloud-based visual and virtual computing; and automotive platforms for infotainment systems.
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