Segment Wealth Management LLC lowered its position in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 0.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 140,033 shares of the computer hardware maker’s stock after selling 350 shares during the quarter. NVIDIA makes up about 1.3% of Segment Wealth Management LLC’s holdings, making the stock its 16th largest holding. Segment Wealth Management LLC’s holdings in NVIDIA were worth $18,805,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Perpetual Ltd increased its holdings in shares of NVIDIA by 1.4% in the fourth quarter. Perpetual Ltd now owns 1,094,295 shares of the computer hardware maker’s stock valued at $146,953,000 after purchasing an additional 15,235 shares during the last quarter. Charles Schwab Trust Co increased its holdings in shares of NVIDIA by 0.8% in the fourth quarter. Charles Schwab Trust Co now owns 23,692 shares of the computer hardware maker’s stock valued at $3,182,000 after purchasing an additional 191 shares during the last quarter. Kiley Juergens Wealth Management LLC increased its holdings in shares of NVIDIA by 0.3% in the fourth quarter. Kiley Juergens Wealth Management LLC now owns 168,030 shares of the computer hardware maker’s stock valued at $22,565,000 after purchasing an additional 511 shares during the last quarter. Solidarity Wealth LLC increased its holdings in shares of NVIDIA by 1.2% in the fourth quarter. Solidarity Wealth LLC now owns 13,844 shares of the computer hardware maker’s stock valued at $1,859,000 after purchasing an additional 161 shares during the last quarter. Finally, Aspiriant LLC increased its holdings in shares of NVIDIA by 6.9% in the fourth quarter. Aspiriant LLC now owns 23,476 shares of the computer hardware maker’s stock valued at $3,153,000 after purchasing an additional 1,518 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the company. Susquehanna increased their price target on NVIDIA from $160.00 to $180.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Stifel Nicolaus increased their price target on NVIDIA from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Redburn Atlantic started coverage on NVIDIA in a research report on Tuesday, November 12th. They issued a “buy” rating and a $178.00 price objective for the company. Wells Fargo & Company increased their price objective on NVIDIA from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Finally, Oppenheimer reiterated an “outperform” rating and issued a $175.00 price objective on shares of NVIDIA in a research report on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $166.23.
NVIDIA Stock Down 0.6 %
NVIDIA stock opened at $132.80 on Wednesday. NVIDIA Co. has a 1-year low of $66.25 and a 1-year high of $153.13. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The stock has a market cap of $3.25 trillion, a PE ratio of 52.26, a P/E/G ratio of 1.62 and a beta of 1.62. The stock’s fifty day moving average is $135.21 and its two-hundred day moving average is $129.70.
NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $35.08 billion for the quarter, compared to analysts’ expectations of $33.15 billion. During the same quarter in the previous year, the firm earned $0.38 earnings per share. The business’s revenue was up 93.6% compared to the same quarter last year. On average, sell-side analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.
NVIDIA Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date was Thursday, December 5th. NVIDIA’s dividend payout ratio is currently 1.57%.
Insider Buying and Selling
In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the sale, the director now owns 28,671,360 shares of the company’s stock, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of NVIDIA stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $151.10, for a total value of $5,509,408.20. Following the completion of the sale, the executive vice president now directly owns 3,902,888 shares in the company, valued at $589,726,376.80. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,108,348 shares of company stock valued at $146,506,958 over the last quarter. 4.23% of the stock is currently owned by insiders.
About NVIDIA
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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