Roosevelt Investment Group Inc. cut its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 17.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,348 shares of the computer hardware maker’s stock after selling 2,019 shares during the quarter. Roosevelt Investment Group Inc.’s holdings in NVIDIA were worth $1,248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of NVDA. Advisors Asset Management Inc. raised its position in NVIDIA by 35.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 26,999 shares of the computer hardware maker’s stock valued at $6,396,000 after purchasing an additional 7,039 shares during the last quarter. BB&T Corp raised its position in NVIDIA by 12.8% during the 3rd quarter. BB&T Corp now owns 3,401 shares of the computer hardware maker’s stock valued at $956,000 after purchasing an additional 387 shares during the last quarter. Signature Estate & Investment Advisors LLC bought a new position in NVIDIA during the 3rd quarter valued at approximately $124,000. American Financial Network Advisory Services LLC raised its position in NVIDIA by 3,930.9% during the 3rd quarter. American Financial Network Advisory Services LLC now owns 7,699 shares of the computer hardware maker’s stock valued at $2,164,000 after purchasing an additional 7,508 shares during the last quarter. Finally, IFM Investors Pty Ltd raised its position in NVIDIA by 16.7% during the 3rd quarter. IFM Investors Pty Ltd now owns 30,420 shares of the computer hardware maker’s stock valued at $8,549,000 after purchasing an additional 4,359 shares during the last quarter. Institutional investors own 71.44% of the company’s stock.
In related news, EVP Debora Shoquist sold 6,345 shares of the firm’s stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $135.33, for a total transaction of $858,668.85. Following the completion of the transaction, the executive vice president now owns 177,911 shares of the company’s stock, valued at approximately $24,076,695.63. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Colette Kress sold 889 shares of the firm’s stock in a transaction that occurred on Friday, December 14th. The shares were sold at an average price of $147.91, for a total value of $131,491.99. Following the transaction, the chief financial officer now directly owns 259,912 shares of the company’s stock, valued at approximately $38,443,583.92. The disclosure for this sale can be found here. 4.70% of the stock is owned by company insiders.
NVDA stock opened at $157.34 on Friday. NVIDIA Co. has a twelve month low of $124.46 and a twelve month high of $292.76. The company has a debt-to-equity ratio of 0.21, a current ratio of 7.08 and a quick ratio of 6.20. The company has a market cap of $95.98 billion, a P/E ratio of 33.69, a P/E/G ratio of 3.07 and a beta of 1.93.
NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Thursday, February 14th. The computer hardware maker reported $0.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.27. NVIDIA had a return on equity of 51.60% and a net margin of 37.78%. The company had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same quarter last year, the company earned $1.72 EPS. The firm’s revenue for the quarter was down 24.3% on a year-over-year basis. Equities research analysts forecast that NVIDIA Co. will post 5.77 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, March 1st will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date is Thursday, February 28th. NVIDIA’s dividend payout ratio (DPR) is presently 13.70%.
A number of research firms have commented on NVDA. ValuEngine lowered NVIDIA from a “hold” rating to a “sell” rating in a research report on Monday, November 12th. Royal Bank of Canada lowered their price target on NVIDIA from $230.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, December 27th. Morgan Stanley lowered NVIDIA from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $220.00 to $148.00 in a research report on Tuesday, January 29th. BMO Capital Markets decreased their target price on NVIDIA to $130.00 and set a “market perform” rating for the company in a research report on Tuesday, January 29th. Finally, Sanford C. Bernstein lowered NVIDIA from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $250.00 to $175.00 in a research report on Monday, February 11th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $211.15.
NVIDIA Profile
NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.
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