Ascendant Capital Management LLC trimmed its holdings in shares of NVIDIA Co. (NASDAQ: NVDA – Get Rating) by 25.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,000 shares of the computer hardware maker’s stock after selling 2,000 shares during the period. NVIDIA comprises approximately 1.4% of Ascendant Capital Management LLC’s investment portfolio, making the stock its 29th biggest position. Ascendant Capital Management LLC’s holdings in NVIDIA were worth $ 1,765,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Ascension Asset Management LLC boosted its stake in NVIDIA by 300.0% in the 3rd quarter. Ascension Asset Management LLC now owns 19,540 shares of the computer hardware maker’s stock worth $ 4,048,000 after purchasing an additional 14,655 shares during the period. Boston Trust Walden Corp boosted its stake in NVIDIA by 27.5% in the 4th quarter. Boston Trust Walden Corp now owns 1,300 shares of the computer hardware maker’s stock worth $ 382,000 after purchasing an additional 280 shares during the period. Sequoia Financial Advisors LLC lifted its position in NVIDIA by 948.1% in the 4th quarter. Sequoia Financial Advisors LLC now owns 41,388 shares of the computer hardware maker’s stock worth $ 12,173,000 after buying an additional 37,439 shares in the last quarter. Cypress Capital Management LLC lifted its position in NVIDIA by 300.0% in the 4th quarter. Cypress Capital Management LLC now owns 1,092 shares of the computer hardware maker’s stock worth $ 321,000 after buying an additional 819 shares in the last quarter. Finally, LCM Capital Management Inc lifted its position in NVIDIA by 10.2% in the 4th quarter. LCM Capital Management Inc now owns 4,337 shares of the computer hardware maker’s stock worth $ 1,276,000 after buying an additional 401 shares in the last quarter. Hedge funds and other institutional investors own 55.19% of the company stock.
In related news, Director John Dabiri sold 2,200 shares of NVIDIA stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $ 185.59, for a total transaction of $ 408,298.00. Following the completion of the transaction, the director now directly 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 at the SEC website. Also, Director Tench Coxe sold 100,000 shares of NVIDIA stock in a transaction dated Monday, March 28th. The shares were sold at an average price of $ 274.06, for a total transaction of $ 27,406,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 239,694 shares of company stock worth $ 50,256,524. 4.04% of the stock is owned by company insiders.
A number of equities research analysts have issued reports on NVDA shares. Piper Sandler cut their target price on shares of NVIDIA from $ 350.00 to $ 250.00 and set an “overweight” rating for the company in a research report on Wednesday, May 25th. Wedbush cut their target price on shares of NVIDIA from $ 300.00 to $ 190.00 and set a “neutral” rating for the company in a research report on Thursday, May 19th. StockNews.com started coverage on shares of NVIDIA in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Cowen cut their price target on shares of NVIDIA from $ 350.00 to $ 265.00 and set an “outperform” rating on the stock in a report on Thursday, May 26th. Finally, Barclays cut their price target on shares of NVIDIA from $ 350.00 to $ 295.00 and set an “overweight” rating on the stock in a report on Monday, April 25th. Seven analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $ 270.97.
NASDAQ NVDA opened at $ 158.80 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.32 and a quick ratio of 4.75. The firm has a market capitalization of $ 397 billion, a price-to-earnings ratio of 42.57, a P / E / G ratio of 2.13 and a beta of 1.59. The company fifty day moving average is $ 185.73 and its two-hundred day moving average is $ 235.60. NVIDIA Co. has a 52-week low of $ 153.28 and a 52-week high of $ 346.47.
NVIDIA (NASDAQ: NVDA – Get Rating) last posted its quarterly earnings results on Wednesday, May 25th. The computer hardware maker reported $ 1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $ 1.29 by $ 0.07. The company had revenue of $ 8.29 billion for the quarter, compared to analyst estimates of $ 8.09 billion. NVIDIA had a net margin of 32.02% and a return on equity of 43.81%. The business’s quarterly revenue was up 46.4% on a year-over-year basis. During the same period last year, the business posted $ 0.78 EPS. As a group, sell-side analysts expect that NVIDIA Co. will post 4.55 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Stockholders of record on Thursday, June 9th will be given a dividend of $ 0.04 per share. The ex-dividend date of this dividend is Wednesday, June 8th. This represents a $ 0.16 annualized dividend and a dividend yield of 0.10%. NVIDIA’s dividend payout ratio (DPR) is currently 4.29%.
About NVIDIA: (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.
.