New Mexico Educational Retirement Board boosted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 5.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,682 shares of the computer hardware maker’s stock after acquiring an additional 3,100 shares during the quarter. New Mexico Educational Retirement Board’s holdings in NVIDIA were worth $11,161,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Welch Investments LLC acquired a new stake in NVIDIA in the 3rd quarter valued at approximately $104,000. Country Trust Bank increased its position in NVIDIA by 490.0% in the 4th quarter. Country Trust Bank now owns 590 shares of the computer hardware maker’s stock valued at $114,000 after acquiring an additional 490 shares during the period. Global Trust Asset Management LLC acquired a new stake in NVIDIA in the 4th quarter valued at approximately $116,000. North Star Investment Management Corp. boosted its stake in NVIDIA by 67.3% during the 4th quarter. North Star Investment Management Corp. now owns 634 shares of the computer hardware maker’s stock valued at $123,000 after purchasing an additional 255 shares in the last quarter. Finally, JFS Wealth Advisors LLC boosted its stake in NVIDIA by 156.3% during the 4th quarter. JFS Wealth Advisors LLC now owns 820 shares of the computer hardware maker’s stock valued at $159,000 after purchasing an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 62.70% of the company’s stock.
A number of equities analysts have issued reports on NVDA shares. Mizuho reaffirmed a “positive” rating and set a $220.00 price target (up from $180.00) on shares of NVIDIA in a research note on Monday, October 16th. Jefferies Group increased their price target on NVIDIA from $180.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, October 23rd. Vetr raised NVIDIA from a “hold” rating to a “buy” rating and set a $203.56 price target for the company in a research note on Wednesday, October 25th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $230.00 price target (up from $220.00) on shares of NVIDIA in a research note on Monday, October 30th. Finally, B. Riley increased their price target on NVIDIA from $200.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $210.67.
Shares of NVIDIA Co. (NVDA) opened at $228.03 on Tuesday. The firm has a market capitalization of $138,190.00, a price-to-earnings ratio of 47.21, a PEG ratio of 4.83 and a beta of 1.43. The company has a debt-to-equity ratio of 0.27, a quick ratio of 7.34 and a current ratio of 8.03. NVIDIA Co. has a one year low of $95.17 and a one year high of $249.27.
NVIDIA (NASDAQ:NVDA) last issued its earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.56. The business had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.67 billion. NVIDIA had a return on equity of 45.02% and a net margin of 31.36%. NVIDIA’s revenue was up 34.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.13 earnings per share. research analysts anticipate that NVIDIA Co. will post 4.68 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 23rd will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.26%. NVIDIA’s dividend payout ratio (DPR) is presently 12.42%.
In other news, Director Dawn E. Hudson sold 3,052 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $214.39, for a total value of $654,318.28. Following the completion of the sale, the director now owns 28,816 shares of the company’s stock, valued at $6,177,862.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director A Brooke Seawell sold 1,029 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $214.10, for a total value of $220,308.90. Following the completion of the sale, the director now directly owns 1,029 shares of the company’s stock, valued at approximately $220,308.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,858 shares of company stock valued at $1,025,784. 5.17% of the stock is currently owned by insiders.
Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.
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