Objective Capital Management LLC boosted its position in NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,624 shares of the computer hardware maker’s stock after purchasing an additional 127 shares during the period. Objective Capital Management LLC’s holdings in NVIDIA were worth $383,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of NVDA. Vanguard Group Inc. lifted its position in shares of NVIDIA by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 203,747,246 shares of the computer hardware maker’s stock valued at $24,732,878,000 after buying an additional 2,326,387 shares in the last quarter. State Street Corp lifted its position in shares of NVIDIA by 0.9% during the 3rd quarter. State Street Corp now owns 98,751,264 shares of the computer hardware maker’s stock valued at $11,987,416,000 after buying an additional 908,481 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in NVIDIA by 9.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 56,956,988 shares of the computer hardware maker’s stock worth $8,323,694,000 after purchasing an additional 5,043,685 shares in the last quarter. Geode Capital Management LLC lifted its holdings in NVIDIA by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 45,788,952 shares of the computer hardware maker’s stock worth $6,679,427,000 after purchasing an additional 692,636 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in NVIDIA by 20.2% in the 4th quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock worth $4,023,783,000 after purchasing an additional 4,621,002 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.
NVIDIA Trading Up 0.1 %
Shares of NASDAQ NVDA opened at $426.92 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.43 and a quick ratio of 2.79. The stock has a market capitalization of $1.05 trillion, a P/E ratio of 222.36, a price-to-earnings-growth ratio of 2.97 and a beta of 1.75. NVIDIA Co. has a 1-year low of $108.13 and a 1-year high of $437.21. The business has a fifty day moving average price of $321.84 and a 200 day moving average price of $245.03.
NVIDIA Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 8th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.04%. The ex-dividend date of this dividend is Wednesday, June 7th. NVIDIA’s dividend payout ratio is currently 8.33%.
Analyst Ratings Changes
A number of research analysts recently commented on the company. Cowen boosted their price target on NVIDIA from $240.00 to $260.00 in a report on Thursday, February 23rd. BMO Capital Markets boosted their price target on NVIDIA from $350.00 to $450.00 in a report on Thursday, May 25th. Wells Fargo & Company boosted their price target on NVIDIA from $320.00 to $450.00 in a report on Thursday, May 25th. Robert W. Baird raised NVIDIA from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $300.00 to $475.00 in a research note on Thursday, May 25th. Finally, Needham & Company LLC lifted their price objective on NVIDIA from $300.00 to $460.00 in a research note on Thursday, May 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, NVIDIA presently has a consensus rating of “Moderate Buy” and a consensus target price of $382.43.
Insider Activity at NVIDIA
In related news, Director Dawn E. Hudson sold 5,000 shares of the company’s stock in a transaction dated Thursday, March 30th. The stock was sold at an average price of $274.55, for a total transaction of $1,372,750.00. Following the transaction, the director now directly owns 85,350 shares of the company’s stock, valued at approximately $23,432,842.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Debora Shoquist sold 23,084 shares of the stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $305.00, for a total value of $7,040,620.00. Following the transaction, the executive vice president now directly owns 139,860 shares of the company’s stock, valued at $42,657,300. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dawn E. Hudson sold 5,000 shares of the stock in a transaction dated Thursday, March 30th. The shares were sold at an average price of $274.55, for a total value of $1,372,750.00. Following the completion of the transaction, the director now directly owns 85,350 shares in the company, valued at $23,432,842.50. The disclosure for this sale can be found here. Insiders have sold 254,386 shares of company stock valued at $97,248,000 in the last ninety days. Corporate insiders own 3.99% of the company’s stock.
NVIDIA Profile
NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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.
Featured Articles
- Get a free copy of the StockNews.com research report on NVIDIA (NVDA)
- Micron Building Goodwill In Asia, Near $2 Billion Investment
- Is Twilio On The Verge Of A Comeback?
- Broadcom: All-Time Highs But Still Good Value
- Leverage AI And Build A Fortress Portfolio With Adobe
- 2 Small-Caps With Large-Cap Potential
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.
