Echo45 Advisors LLC bought a new position in shares of NVIDIA Co. (NASDAQ: NVDA – Get Rating) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 3,110 shares of the computer hardware maker’s stock, valued at approximately $ 915,000. NVIDIA accounts for approximately 0.7% of Echo45 Advisors LLC’s portfolio, making its stock 23rd largest position.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NVDA. Piscataqua Savings Bank boosted its position in shares of NVIDIA by 14.3% in the 4th quarter. Piscataqua Savings Bank now owns 320 shares of the computer hardware maker’s stock valued at $ 94,000 after purchasing an additional 40 shares during the period. Venture Visionary Partners LLC boosted its position in shares of NVIDIA by 0.3% in the 4th quarter. Venture Visionary Partners LLC now owns 15,776 shares of the computer hardware maker’s stock valued at $ 4,639,000 after purchasing an additional 43 shares during the period. Tranquility Partners LLC boosted its position in shares of NVIDIA by 1.0% in the 4th quarter. Tranquility Partners LLC now owns 4,384 shares of the computer hardware maker’s stock valued at $ 1,290,000 after purchasing an additional 44 shares during the period. Bedel Financial Consulting Inc. boosted its position in shares of NVIDIA by 2.3% in the 4th quarter. Bedel Financial Consulting Inc. now owns 1,976 shares of the computer hardware maker’s stock valued at $ 581,000 after purchasing an additional 45 shares during the period. Finally, Fusion Capital LLC boosted its position in shares of NVIDIA by 2.7% in the 4th quarter. Fusion Capital LLC now owns 1,705 shares of the computer hardware maker’s stock valued at $ 502,000 after purchasing an additional 45 shares during the period. Hedge funds and other institutional investors own 55.19% of the company stock.
NVDA opened at $ 158.80 on Friday. The firm has a market capitalization of $ 397 billion, a P / E ratio of 42.57, a price-to-earnings-growth ratio of 2.22 and a beta of 1.59. The stock’s 50 day moving average price is $ 185.73 and its two-hundred day moving average price is $ 236.14. The company has a quick ratio of 4.75, a current ratio of 5.32 and a debt-to-equity ratio of 0.42. NVIDIA Co. has a 12-month low of $ 153.28 and a 12-month high of $ 346.47.
NVIDIA (NASDAQ: NVDA – Get Rating) last released its earnings results on Wednesday, May 25th. The computer hardware maker reported $ 1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $ 1.29 by $ 0.07. The firm had revenue of $ 8.29 billion for the quarter, compared to analyst estimates of $ 8.09 billion. NVIDIA had a return on equity of 43.81% and a net margin of 32.02%. The company revenue was up 46.4% on a year-over-year basis. During the same quarter last year, the firm posted $ 0.78 EPS. As a group, analysts anticipate that NVIDIA Co. will post 4.55 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 1st. Stockholders of record on Thursday, June 9th will be issued a dividend of $ 0.04 per share. This represents a $ 0.16 annualized dividend and a dividend yield of 0.10%. The ex-dividend date is Wednesday, June 8th. NVIDIA’s payout ratio is presently 4.29%.
A number of equities research analysts have commented on the company. Raymond James decreased their price objective on NVIDIA from $ 365.00 to $ 250.00 in a research report on Thursday, May 26th. Benchmark restated a “buy” rating and set a $ 228.00 price objective (down from $ 365.00) on shares of NVIDIA in a research report on Thursday, May 26th. Morgan Stanley decreased their price objective on NVIDIA from $ 217.00 to $ 182.00 and set an “equal weight” rating for the company in a research report on Thursday, May 26th. Deutsche Bank Aktiengesellschaft decreased their price objective on NVIDIA from $ 255.00 to $ 190.00 in a research report on Thursday, May 26th. Finally, Credit Suisse Group decreased their price objective on NVIDIA to $ 205.00 in a research report on Thursday, May 26th. Seven research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $ 270.97.
In other news, Director John Dabiri sold 2,200 shares of NVIDIA stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $ 185.59, for a total transaction of $ 408,298.00. Following the sale, the director now owns 2,712 shares of the company stock, valued at approximately $ 503,320.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Debora Shoquist sold 23,644 shares of NVIDIA stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $ 188.23, for a total value of $ 4,450,510.12. Following the sale, the executive vice president now directly owns 186,476 shares in the company, valued at approximately $ 35,100,377.48. The disclosure for this sale can be found here. Insiders have sold a total of 239,694 shares of company stock worth $ 50,256,524 in the last three months. 4.04% of the stock is owned by insiders.
NVIDIA Profile: (Get Rating)
NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.
Recommended Stories:
Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Co. (NASDAQ: NVDA – Get Rating).
Receive News & Ratings for NVIDIA Daily: – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for NVIDIA and related companies with MarketBeat.com’s FREE daily email newsletter.
.