NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Golden Green Inc.

Financial News Live · Mar 29, 2023 06:12

Golden Green Inc. grew its position in NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,326 shares of the computer hardware maker's stock after acquiring an additional 74 shares during the period. Golden Green Inc.'s holdings in NVIDIA were worth $632,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of NVIDIA by 1.2% in the third quarter. Vanguard Group Inc. now owns 203,747,246 shares of the computer hardware maker's stock valued at $24,732,878,000 after acquiring an additional 2,326,387 shares in the last quarter. State Street Corp boosted its holdings in shares of NVIDIA by 0.9% in the third quarter. State Street Corp now owns 98,751,264 shares of the computer hardware maker's stock valued at $11,987,416,000 after acquiring an additional 908,481 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in NVIDIA by 7.2% during the second quarter. Price T Rowe Associates Inc. MD now owns 56,929,819 shares of the computer hardware maker's stock worth $8,629,991,000 after buying an additional 3,813,087 shares in the last quarter. Legal & General Group Plc boosted its holdings in NVIDIA by 4.4% during the second quarter. Legal & General Group Plc now owns 18,243,948 shares of the computer hardware maker's stock worth $2,765,602,000 after buying an additional 764,184 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its holdings in NVIDIA by 3.3% during the second quarter. UBS Asset Management Americas Inc. now owns 14,612,261 shares of the computer hardware maker's stock worth $2,215,073,000 after buying an additional 467,060 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms recently commented on NVDA. Cowen boosted their price objective on shares of NVIDIA from $240.00 to $260.00 in a report on Thursday, February 23rd. Rosenblatt Securities reissued a "buy" rating and set a $320.00 price objective on shares of NVIDIA in a report on Wednesday, March 22nd. Wedbush reissued a "neutral" rating and set a $216.00 price objective on shares of NVIDIA in a report on Thursday, March 16th. Raymond James reissued a "strong-buy" rating and set a $290.00 price objective on shares of NVIDIA in a report on Thursday, March 2nd. Finally, Westpark Capital started coverage on shares of NVIDIA in a report on Wednesday, March 22nd. They issued a "hold" rating on the stock. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $258.72.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA traded down $2.75 during trading on Tuesday, hitting $262.56. 17,650,752 shares of the company traded hands, compared to its average volume of 50,369,043. The stock has a market capitalization of $648.52 billion, a price-to-earnings ratio of 152.48, a PEG ratio of 4.75 and a beta of 1.76. The business's fifty day moving average is $223.09 and its 200-day moving average is $172.51. NVIDIA Co. has a one year low of $108.13 and a one year high of $289.46. The company has a quick ratio of 2.73, a current ratio of 3.52 and a debt-to-equity ratio of 0.44.

NVIDIA (NASDAQ:NVDA – Get Rating) last issued its quarterly earnings data on Wednesday, February 22nd. The computer hardware maker reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.07. The business had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $6.02 billion. NVIDIA had a return on equity of 26.61% and a net margin of 16.19%. The business's revenue was down 20.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.14 earnings per share. As a group, equities analysts predict that NVIDIA Co. will post 3.22 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 29th. Stockholders of record on Wednesday, March 8th will be given a dividend of $0.04 per share. The ex-dividend date is Tuesday, March 7th. This represents a $0.16 annualized dividend and a dividend yield of 0.06%. NVIDIA's dividend payout ratio is presently 9.20%.

Insider Transactions at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 10,741 shares of the company's stock in a transaction that occurred on Thursday, January 26th. The stock was sold at an average price of $200.00, for a total value of $2,148,200.00. Following the completion of the sale, the chief financial officer now directly owns 536,960 shares in the company, valued at $107,392,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other NVIDIA news, CFO Colette Kress sold 10,741 shares of the company's stock in a transaction that occurred on Thursday, January 26th. The stock was sold at an average price of $200.00, for a total value of $2,148,200.00. Following the completion of the sale, the chief financial officer now directly owns 536,960 shares in the company, valued at $107,392,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dawn E. Hudson sold 7,500 shares of the company's stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of $230.40, for a total value of $1,728,000.00. Following the completion of the sale, the director now owns 90,350 shares of the company's stock, valued at $20,816,640. The disclosure for this sale can be found here. Over the last three months, insiders sold 232,773 shares of company stock worth $41,275,700. Company insiders own 4.04% of the company's stock.

About NVIDIA

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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.