Larson Financial Group LLC lifted its stake in NVIDIA Co. (NASDAQ:NVDA) by 10.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,096 shares of the computer hardware maker’s stock after acquiring an additional 101 shares during the quarter. Larson Financial Group LLC’s holdings in NVIDIA were worth $146,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund grew its position in NVIDIA by 8,687.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,509,787 shares of the computer hardware maker’s stock valued at $161,000 after buying an additional 21,265,009 shares during the period. Parnassus Investments CA bought a new stake in NVIDIA during the fourth quarter valued at approximately $394,670,000. Polen Capital Management LLC bought a new stake in NVIDIA during the third quarter valued at approximately $703,155,000. SG Americas Securities LLC grew its position in NVIDIA by 104.9% during the third quarter. SG Americas Securities LLC now owns 105,055 shares of the computer hardware maker’s stock valued at $29,523,000 after buying an additional 2,227,433 shares during the period. Finally, Vanguard Group Inc grew its position in NVIDIA by 4.0% during the third quarter. Vanguard Group Inc now owns 44,464,641 shares of the computer hardware maker’s stock valued at $12,495,455,000 after buying an additional 1,693,736 shares during the period. Hedge funds and other institutional investors own 67.83% of the company’s stock.
In other news, CFO Colette Kress sold 889 shares of the business’s stock in a transaction on Friday, December 14th. The shares were sold at an average price of $147.91, for a total value of $131,491.99. Following the transaction, the chief financial officer now owns 259,912 shares of the company’s stock, valued at $38,443,583.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Debora Shoquist sold 6,345 shares of the business’s stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $135.33, for a total transaction of $858,668.85. Following the completion of the transaction, the executive vice president now directly owns 177,911 shares in the company, valued at approximately $24,076,695.63. The disclosure for this sale can be found here. 4.70% of the stock is currently owned by insiders.
NVIDIA (NASDAQ:NVDA) last released its earnings results on Thursday, February 14th. The computer hardware maker reported $0.80 EPS for the quarter, topping the consensus estimate of $0.53 by $0.27. NVIDIA had a net margin of 35.35% and a return on equity of 41.78%. The firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the previous year, the firm earned $1.72 earnings per share. The company’s quarterly revenue was down 24.3% compared to the same quarter last year. On average, equities research analysts predict that NVIDIA Co. will post 4.67 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 1st will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.41%. The ex-dividend date is Thursday, February 28th. NVIDIA’s dividend payout ratio (DPR) is presently 10.54%.
NVDA has been the topic of several analyst reports. MKM Partners lifted their price target on shares of NVIDIA to $170.00 and gave the company a “neutral” rating in a report on Friday, February 15th. Rosenblatt Securities lifted their price target on shares of NVIDIA to $190.00 and gave the company a “buy” rating in a report on Friday, February 15th. TheStreet downgraded shares of NVIDIA from a “b” rating to a “c+” rating in a report on Tuesday, February 5th. Cowen reaffirmed an “outperform” rating and set a $195.00 price target (down previously from $215.00) on shares of NVIDIA in a report on Friday, February 15th. Finally, BMO Capital Markets lifted their price target on shares of NVIDIA to $140.00 and gave the company an “in-line” rating in a report on Friday, February 15th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $210.55.
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NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.
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