Sheets Smith Investment Management purchased a new position in NVIDIA Co. (NASDAQ: NVDA – Get Rating) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 12,229 shares of the computer hardware maker’s stock, valued at approximately $ 3,597,000. NVIDIA comprises 2.6% of Sheets Smith Investment Management’s investment portfolio, making its stock its 8th largest position.
A number of other hedge funds and other institutional investors also recently bought and sold shares of NVDA. OLD Mission Capital LLC acquired a new stake in shares of NVIDIA during the 3rd quarter valued at about $ 293,000. Keudell Morrison Wealth Management boosted its position in shares of NVIDIA by 305.2% during the 3rd quarter. Keudell Morrison Wealth Management now owns 2,273 shares of computer hardware maker’s stock valued at $ 471,000 after acquiring an additional 1,712 shares in the last quarter. Center for Financial Planning Inc. boosted its position in shares of NVIDIA by 570.6% during the 3rd quarter. Center for Financial Planning Inc. now owns 228 shares of the computer hardware maker’s stock valued at $ 47,000 after acquiring an additional 194 shares in the last quarter. New World Advisors LLC boosted its position in shares of NVIDIA by 227.3% during the 3rd quarter. New World Advisors LLC now owns 1,509 shares of the computer hardware maker’s stock valued at $ 343,000 after acquiring an additional 1,048 shares in the last quarter. Finally, EagleClaw Capital Managment LLC boosted its position in shares of NVIDIA by 292.7% during the 3rd quarter. EagleClaw Capital Managment LLC now owns 49,804 shares of the computer hardware maker’s stock valued at $ 10,318,000 after acquiring an additional 37,123 shares in the last quarter. Institutional investors own 55.19% of the company stock.
In related news, Director John Dabiri sold 2,200 shares of the stock in a transaction on 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 owns 2,712 shares in the company, valued at $ 503,320.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 113,850 shares of the stock in a transaction on Monday, June 13th. The stock was sold at an average price of $ 158.03, for a total transaction of $ 17,991,715.50. Following the transaction, the director now owns 2,596,493 shares of the company stock, valued at approximately $ 410,323,788.79. The disclosure for this sale can be found here. Insiders sold 239,694 shares of company stock valued at $ 50,256,524 in the last quarter. Corporate insiders own 4.04% of the company stock.
Several analysts have recently weighed in on NVDA shares. Raymond James decreased their target price on shares of NVIDIA from $ 365.00 to $ 250.00 in a research report on Thursday, May 26th. Susquehanna cut their price target on shares of NVIDIA from $ 280.00 to $ 260.00 in a report on Thursday, May 26th. Oppenheimer cut their price target on shares of NVIDIA from $ 350.00 to $ 300.00 and set an “outperform” rating for the company in a report on Thursday, May 19th. Barclays cut their price target on shares of NVIDIA from $ 350.00 to $ 295.00 and set an “overweight” rating for the company in a report on Monday, April 25th. Finally, Credit Suisse Group cut their price target on shares of NVIDIA to $ 205.00 in a report on Thursday, May 26th. Seven analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $ 270.97.
Shares of NASDAQ NVDA opened at $ 158.80 on Friday. The stock has a market cap of $ 397 billion, a P / E ratio of 42.57, a P / E / G ratio of 2.13 and a beta of 1.59. The firm has a 50 day moving average price of $ 185.73 and a 200 day moving average price of $ 235.60. The company has a debt-to-equity ratio of 0.42, a quick ratio of 4.75 and a current ratio of 5.32. NVIDIA Co. has a 52-week low of $ 153.28 and a 52-week high of $ 346.47.
NVIDIA (NASDAQ: NVDA – Get Rating) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $ 8.09 billion. NVIDIA had a net margin of 32.02% and a return on equity of 43.81%. The business’s revenue for the quarter was up 46.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $ 0.78 earnings per share. Analysts predict that NVIDIA Co. will post 4.55 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Stockholders of record on Thursday, June 9th will be issued a $ 0.04 dividend. This represents a $ 0.16 annualized dividend and a dividend yield of 0.10%. The ex-dividend date is Wednesday, June 8th. NVIDIA’s dividend payout ratio (DPR) is presently 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.
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