Massachusetts Financial Services Co. MA raised its holdings in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 5.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,275,578 shares of the computer hardware maker’s stock after acquiring an additional 472,805 shares during the quarter. NVIDIA makes up 1.5% of Massachusetts Financial Services Co. MA’s investment portfolio, making the stock its 8th largest position. Massachusetts Financial Services Co. MA owned approximately 0.38% of NVIDIA worth $4,593,452,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. LFA Lugano Financial Advisors SA purchased a new stake in NVIDIA during the 4th quarter worth about $28,000. Criterion Capital Advisors LLC purchased a new stake in shares of NVIDIA during the fourth quarter worth about $28,000. Your Advocates Ltd. LLP acquired a new position in shares of NVIDIA in the third quarter valued at approximately $30,000. Trivant Custom Portfolio Group LLC lifted its stake in shares of NVIDIA by 44.1% during the third quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock valued at $43,000 after buying an additional 30 shares during the period. Finally, O Brien Wealth Partners LLC boosted its position in NVIDIA by 139.5% during the fourth quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock worth $45,000 after acquiring an additional 53 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have weighed in on NVDA shares. Jefferies Financial Group assumed coverage on NVIDIA in a report on Monday, May 13th. They issued a “buy” rating and a $1,200.00 price target for the company. 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 research note on Wednesday, March 13th. Rosenblatt Securities restated a “buy” rating and set a $1,100.00 target price on shares of NVIDIA in a report on Tuesday, February 20th. Cantor Fitzgerald restated an “overweight” rating and issued a $900.00 price target on shares of NVIDIA in a report on Monday, March 4th. Finally, Raymond James boosted their price target on NVIDIA from $850.00 to $1,100.00 and gave the stock a “strong-buy” rating in a research note on Thursday, April 11th. Four research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $966.55.
Read Our Latest Research Report on NVDA
Insiders Place Their Bets
In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 1,052,133 shares in the company, valued at $925,845,476.01. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the transaction, the director now directly owns 1,124,583 shares of the company’s stock, valued at $896,933,663.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction dated Friday, April 5th. The stock was 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 directly owns 1,052,133 shares of the company’s stock, valued at $925,845,476.01. The disclosure for this sale can be found here. In the last quarter, insiders have sold 61,278 shares of company stock worth $52,689,898. Company insiders own 4.23% of the company’s stock.
NVIDIA Stock Down 2.0 %
NASDAQ NVDA opened at $924.79 on Monday. The company has a market capitalization of $2.27 trillion, a P/E ratio of 77.45, a PEG ratio of 1.31 and a beta of 1.75. NVIDIA Co. has a 12 month low of $298.06 and a 12 month high of $974.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. The company’s 50 day simple moving average is $882.98 and its 200 day simple moving average is $687.42.
NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.21 by $0.95. The company had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm’s revenue was up 265.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 earnings per share. Equities research analysts expect that NVIDIA Co. will post 22.9 earnings per share for the current fiscal year.
NVIDIA Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were paid a $0.04 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. NVIDIA’s dividend payout ratio is currently 1.34%.
NVIDIA Profile
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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