First National Bank of South Miami lowered its holdings in NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 15.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,186 shares of the computer hardware maker's stock after selling 561 shares during the period. First National Bank of South Miami's holdings in NVIDIA were worth $466,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in NVDA. Corundum Group Inc. grew its stake in NVIDIA by 87.6% during the fourth quarter. Corundum Group Inc. now owns 6,724 shares of the computer hardware maker's stock worth $983,000 after buying an additional 3,140 shares during the last quarter. Moser Wealth Advisors LLC grew its stake in NVIDIA by 3.2% during the fourth quarter. Moser Wealth Advisors LLC now owns 8,889 shares of the computer hardware maker's stock worth $1,299,000 after buying an additional 275 shares during the last quarter. Green Alpha Advisors LLC grew its stake in NVIDIA by 33.3% during the fourth quarter. Green Alpha Advisors LLC now owns 8,479 shares of the computer hardware maker's stock worth $1,239,000 after buying an additional 2,116 shares during the last quarter. KMG Fiduciary Partners LLC grew its stake in NVIDIA by 7.1% during the fourth quarter. KMG Fiduciary Partners LLC now owns 45,566 shares of the computer hardware maker's stock worth $6,659,000 after buying an additional 3,004 shares during the last quarter. Finally, Bath Savings Trust Co grew its stake in NVIDIA by 50.3% during the fourth quarter. Bath Savings Trust Co now owns 8,339 shares of the computer hardware maker's stock worth $1,219,000 after buying an additional 2,790 shares during the last quarter. Institutional investors own 61.80% of the company's stock.
Get NVIDIA alerts:Analyst Ratings Changes
Several analysts have weighed in on the stock. Raymond James reaffirmed a "strong-buy" rating and set a $290.00 price objective on shares of NVIDIA in a research note on Thursday, March 2nd. Needham & Company LLC increased their price target on shares of NVIDIA from $230.00 to $270.00 and gave the company a "buy" rating in a research note on Thursday, February 23rd. Wedbush reissued a "neutral" rating and set a $216.00 price target on shares of NVIDIA in a research note on Thursday. StockNews.com began coverage on shares of NVIDIA in a report on Thursday. They issued a "hold" rating on the stock. Finally, Craig Hallum increased their price objective on shares of NVIDIA from $165.00 to $190.00 and gave the company a "hold" rating in a report on Thursday, February 23rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $247.22.
NVIDIA Stock Performance
NVIDIA stock traded down $1.21 during midday trading on Monday, hitting $256.04. The company's stock had a trading volume of 13,524,442 shares, compared to its average volume of 50,051,508. NVIDIA Co. has a 1-year low of $108.13 and a 1-year high of $289.46. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.52 and a quick ratio of 2.73. The company has a 50-day moving average price of $210.84 and a two-hundred day moving average price of $167.11. The company has a market cap of $632.42 billion, a price-to-earnings ratio of 147.84, a PEG ratio of 4.57 and a beta of 1.76.
NVIDIA (NASDAQ:NVDA – Get Rating) last announced its quarterly earnings results on Wednesday, February 22nd. The computer hardware maker reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.07. NVIDIA had a net margin of 16.19% and a return on equity of 26.61%. The company had revenue of $6.05 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same period in the previous year, the firm posted $1.14 EPS. The firm's revenue was down 20.8% on a year-over-year basis. As a group, sell-side analysts predict that NVIDIA Co. will post 3.21 earnings per share for the current year.
NVIDIA Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 29th. Shareholders of record on Wednesday, March 8th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.06%. The ex-dividend date is Tuesday, March 7th. NVIDIA's dividend payout ratio (DPR) is currently 9.20%.
Insiders Place Their Bets
In other news, Director Mark A. Stevens sold 60,000 shares of the company's stock in a transaction on Wednesday, December 21st. The shares were sold at an average price of $165.09, for a total value of $9,905,400.00. Following the completion of the sale, the director now owns 2,250,193 shares in the company, valued at approximately $371,484,362.37. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Mark A. Stevens sold 60,000 shares of NVIDIA stock in a transaction on Wednesday, December 21st. The stock was sold at an average price of $165.09, for a total transaction of $9,905,400.00. Following the sale, the director now directly owns 2,250,193 shares in the company, valued at $371,484,362.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 120,000 shares of NVIDIA stock in a transaction on Monday, January 9th. The stock was sold at an average price of $158.84, for a total value of $19,060,800.00. Following the sale, the director now owns 1,325,888 shares in the company, valued at $210,604,049.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 292,773 shares of company stock worth $51,181,100. Corporate insiders own 4.04% of the company's stock.
NVIDIA Company Profile
(Get Rating)
NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment consists of product brands, including GeForce for gamers, Quadro for designers, Tesla and DGX for AI data scientists and big data researchers, and GRID for cloud-based visual computing users.
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