M. Kulyk & Associates LLC grew its holdings in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 1.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,433 shares of the computer hardware maker’s stock after purchasing an additional 321 shares during the quarter. NVIDIA comprises approximately 2.8% of M. Kulyk & Associates LLC’s portfolio, making the stock its 7th biggest holding. M. Kulyk & Associates LLC’s holdings in NVIDIA were worth $12,100,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Wealthcare Capital Management LLC lifted its position in NVIDIA by 1.6% during the 4th quarter. Wealthcare Capital Management LLC now owns 1,013 shares of the computer hardware maker’s stock worth $502,000 after acquiring an additional 16 shares during the period. Guardian Capital Advisors LP lifted its holdings in shares of NVIDIA by 3.0% in the 4th quarter. Guardian Capital Advisors LP now owns 541 shares of the computer hardware maker’s stock valued at $283,000 after buying an additional 16 shares during the period. Lodestar Private Asset Management LLC lifted its holdings in shares of NVIDIA by 1.0% in the 4th quarter. Lodestar Private Asset Management LLC now owns 1,652 shares of the computer hardware maker’s stock valued at $818,000 after buying an additional 17 shares during the period. JNBA Financial Advisors lifted its holdings in shares of NVIDIA by 1.7% in the 4th quarter. JNBA Financial Advisors now owns 1,001 shares of the computer hardware maker’s stock valued at $496,000 after buying an additional 17 shares during the period. Finally, Strategic Financial Services Inc lifted its holdings in shares of NVIDIA by 1.4% in the 4th quarter. Strategic Financial Services Inc now owns 1,241 shares of the computer hardware maker’s stock valued at $615,000 after buying an additional 17 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on NVDA shares. Mizuho boosted their price objective on NVIDIA from $850.00 to $1,000.00 and gave the company a “buy” rating in a report on Thursday, March 7th. JPMorgan Chase & Co. boosted their price objective on NVIDIA from $650.00 to $850.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. The Goldman Sachs Group upped their price target on NVIDIA from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. DA Davidson upped their price target on NVIDIA from $410.00 to $620.00 and gave the stock a “neutral” rating in a report on Thursday, February 22nd. Finally, Bank of America upped their price target on NVIDIA from $925.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Four research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,002.18.
Get Our Latest Analysis on NVIDIA
NVIDIA Trading Down 0.5 %
NVDA opened at $949.50 on Thursday. NVIDIA Co. has a one year low of $298.06 and a one year high of $974.00. The stock has a market capitalization of $2.34 trillion, a PE ratio of 79.52, a P/E/G ratio of 1.33 and a beta of 1.75. The business’s 50 day moving average price is $886.29 and its 200 day moving average price is $696.36. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17.
NVIDIA (NASDAQ:NVDA – Get Free Report) last released its quarterly earnings data on Wednesday, May 22nd. The computer hardware maker reported $6.12 EPS for the quarter, beating analysts’ consensus estimates of $5.14 by $0.98. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm had revenue of $26.04 billion for the quarter, compared to analysts’ expectations of $24.59 billion. During the same period in the prior year, the firm posted $0.88 earnings per share. The firm’s quarterly revenue was up 262.1% on a year-over-year basis. As a group, equities research analysts expect that NVIDIA Co. will post 23.18 EPS for the current year.
NVIDIA Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Tuesday, June 11th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.04%. This is a boost from NVIDIA’s previous quarterly dividend of $0.04. NVIDIA’s dividend payout ratio is 1.34%.
Insiders Place Their Bets
In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of the company’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the transaction, the director now directly owns 1,052,133 shares in the company, valued at $925,845,476.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director John Dabiri sold 128 shares of the stock in a transaction on Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the sale, the director now directly owns 2,055 shares in the company, valued at $1,931,700. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction on Friday, April 5th. The shares were sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the sale, the director now owns 1,052,133 shares in the company, valued at $925,845,476.01. The disclosure for this sale can be found here. Insiders have sold 61,278 shares of company stock worth $52,689,898 over the last ninety days. Corporate insiders own 4.23% of the company’s stock.
NVIDIA Company Profile
(Free Report)
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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