Wolf Hill Capital Management LP bought a new stake in NVIDIA Co. (NASDAQ: NVDA – Get Rating) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,558 shares of the computer hardware maker’s stock, valued at approximately $ 458,000. NVIDIA comprises approximately 0.1% of Wolf Hill Capital Management LP’s portfolio, making the stock its 23rd biggest holding.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Piscataqua Savings Bank lifted its stake in NVIDIA by 14.3% in the fourth quarter. Piscataqua Savings Bank now owns 320 shares of the computer hardware maker’s stock valued at $ 94,000 after acquiring an additional 40 shares during the last quarter. Venture Visionary Partners LLC lifted its stake in shares of NVIDIA by 0.3% in the fourth quarter. Venture Visionary Partners LLC now owns 15,776 shares of the computer hardware maker’s stock worth $ 4,639,000 after buying an additional 43 shares during the last quarter. Warren Averett Asset Management LLC increased its position in NVIDIA by 0.7% during the third quarter. Warren Averett Asset Management LLC now owns 5,997 shares of the computer hardware maker’s stock worth $ 1,822,000 after acquiring an additional 44 shares during the period. Tranquility Partners LLC increased its position in NVIDIA by 1.0% during the fourth quarter. Tranquility Partners LLC now owns 4,384 shares of the computer hardware maker’s stock worth $ 1,290,000 after acquiring an additional 44 shares during the period. Finally, Bedel Financial Consulting Inc. increased its position in NVIDIA by 2.3% during the fourth quarter. Bedel Financial Consulting Inc. now owns 1,976 shares of the computer hardware maker’s stock worth $ 581,000 after acquiring an additional 45 shares during the period. Hedge funds and other institutional investors own 55.19% of the company stock.
In related news, Director Mark L. Perry sold 16,716 shares of the firm’s stock in a transaction on Friday, March 18th. The stock was sold at an average price of $ 263.80, for a total value of $ 4,409,680.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Debora Shoquist sold 23,644 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president now 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 256,410 shares of company stock valued at $ 54,666,204 in the last ninety days. Insiders own 4.04% of the company stock.
Shares of NVDA opened at $ 165.27 on Thursday. The stock has a market capitalization of $ 413.18 billion, a P / E ratio of 44.31, a P / E / G ratio of 2.28 and a beta of 1.59. NVIDIA Co. has a twelve month low of $ 154.12 and a twelve month high of $ 346.47. The company has a 50 day moving average of $ 188.90 and a 200-day moving average of $ 238.55. 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 (NASDAQ: NVDA – Get Rating) last released its quarterly earnings data on Wednesday, May 25th. The computer hardware maker reported $ 1.36 EPS for the quarter, beating the consensus estimate of $ 1.29 by $ 0.07. The company had revenue of $ 8.29 billion during the quarter, compared to the consensus estimate of $ 8.09 billion. NVIDIA had a return on equity of 43.81% and a net margin of 32.02%. The firm’s revenue for the quarter was up 46.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $ 0.78 EPS. On average, sell-side analysts anticipate that NVIDIA Co. will post 4.55 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 1st. Shareholders 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 yield of 0.10%. The ex-dividend date is Wednesday, June 8th. NVIDIA’s dividend payout ratio is 4.29%.
A number of brokerages recently issued reports on NVDA. Citigroup dropped their target price on shares of NVIDIA from $ 350.00 to $ 315.00 and set a “buy” rating on the stock in a research report on Thursday, May 26th. Sanford C. Bernstein lowered their price target on shares of NVIDIA from $ 325.00 to $ 225.00 and set an “outperform” rating on the stock in a report on Monday, May 23rd. Wedbush lowered their price target on shares of NVIDIA from $ 300.00 to $ 190.00 and set a “neutral” rating on the stock in a report on Thursday, May 19th. Morgan Stanley lowered their price target on shares of NVIDIA from $ 217.00 to $ 182.00 and set an “equal weight” rating on the stock in a report on Thursday, May 26th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of NVIDIA from $ 255.00 to $ 190.00 in a report on Thursday, May 26th. Seven research 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 stock. Based on data from MarketBeat, NVIDIA currently has an average rating of “Buy” and a consensus price target of $ 270.97.
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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