Vulcan Value Partners LLC lessened its holdings in shares of NVIDIA Co. (NASDAQ: NVDA – Get Rating) by 39.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,968,216 shares of the computer hardware maker’s stock after selling 1,274,413 shares during the quarter. NVIDIA accounts for approximately 3.0% of Vulcan Value Partners LLC’s holdings, making its stock its 18th largest holding. Vulcan Value Partners LLC owned 0.08% of NVIDIA worth $ 578,872,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the stock. Waters Parkerson & CO. LLC raised its stake in NVIDIA by 6.7% during the 4th quarter. Waters Parkerson & CO. LLC now owns 7,853 shares of the computer hardware maker’s stock worth $ 2,310,000 after buying an additional 495 shares during the period. William Blair Investment Management LLC raised its stake in shares of NVIDIA by 91.4% in the 4th quarter. William Blair Investment Management LLC now owns 515,893 shares of the computer hardware maker’s stock valued at $ 151,729,000 after purchasing an additional 246,290 shares during the period. Wulff Hansen & CO. acquired a new stake in shares of NVIDIA in the 4th quarter valued at about $ 835,000. Wealthquest Corp raised its stake in shares of NVIDIA by 1.2% in the 4th quarter. Wealthquest Corp now owns 4,130 shares of the computer hardware maker’s stock valued at $ 1,214,000 after purchasing an additional 50 shares during the period. Finally, Weiss Multi Strategy Advisers LLC raised its stake in shares of NVIDIA by 42.4% in the 4th quarter. Weiss Multi Strategy Advisers LLC now owns 42,709 shares of the computer hardware maker’s stock valued at $ 12,561,000 after purchasing an additional 12,709 shares during the period. 55.19% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have issued reports on NVDA shares. Sanford C. Bernstein dropped their price target on NVIDIA from $ 325.00 to $ 225.00 and set an “outperform” rating on the stock in a research note on Monday, May 23rd. Raymond James dropped their price target on NVIDIA from $ 365.00 to $ 250.00 in a research note on Thursday, May 26th. Cowen decreased their price objective on NVIDIA from $ 350.00 to $ 265.00 and set an “outperform” rating for the company in a report on Thursday, May 26th. Oppenheimer decreased their price objective on NVIDIA from $ 350.00 to $ 300.00 and set an “outperform” rating for the company in a report on Thursday, May 19th. Finally, New Street Research upgraded NVIDIA from a “neutral” rating to a “buy” rating and set a $ 280.00 price objective for the company in a report on Wednesday, April 13th. Seven investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $ 270.97.
NASDAQ NVDA opened at $ 158.80 on Friday. The company has a current ratio of 5.32, a quick ratio of 4.75 and a debt-to-equity ratio of 0.42. NVIDIA Co. has a 1-year low of $ 153.28 and a 1-year high of $ 346.47. The company has a 50 day moving average of $ 185.73 and a 200-day moving average of $ 236.14. The company has a market cap of $ 397 billion, a price-to-earnings ratio of 42.57, a PEG ratio of 2.22 and a beta of 1.59.
NVIDIA (NASDAQ: NVDA – Get Rating) last released its quarterly earnings results on Wednesday, May 25th. The computer hardware maker reported $ 1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $ 1.29 by $ 0.07. NVIDIA had a net margin of 32.02% and a return on equity of 43.81%. The company had revenue of $ 8.29 billion during the quarter, compared to the consensus estimate of $ 8.09 billion. During the same period in the previous year, the business earned $ 0.78 earnings per share. The firm’s quarterly revenue was up 46.4% on a year-over-year basis. On average, equities research analysts forecast 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. Shareholders 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 yield of 0.10%. NVIDIA’s dividend payout ratio is currently 4.29%.
In other NVIDIA news, Director John Dabiri sold 2,200 shares of the business’s stock in a transaction that occurred 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 directly owns 2,712 shares in the company, valued at $ 503,320.08. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 113,850 shares of the business’s stock in a transaction that occurred on Monday, June 13th. The shares were 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 $ 410,323,788.79. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 239,694 shares of company stock valued at $ 50,256,524. Company insiders own 4.04% of the company stock.
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.
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