According to its latest filing with the Securities and Exchange Commission, (SEC), the fund increased its stock holdings by 14.6% in the fourth quarter. The fund now owns 138,192 of the stock of the computer maker after buying an additional 17,619 during the period. The holdings of Banque Pictet & Cie SA in NVIDIA valued $20,195,000 as of the end the last quarter.
Other hedge funds have also bought and sold shares in the company recently. United Bank increased their holdings of NVIDIA shares by 28.9% in the first quarter. United Bank owns 7,717 of the stock in the computer hardware manufacturer, valued at $2.106,000. This is after adding 1,730 more shares over the past quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in NVIDIA in the first quarter by 6.8%. Mirae Asset Global Investments Co. Ltd. owns 3,904,772 of the computer maker's shares valued at $1.065,457,000, after purchasing an additional 249 045 shares during the previous quarter. MAS Advisors LLC increased its stake in NVIDIA in the first quarter by 42.1%. MAS Advisors LLC owns 1,967 of the computer maker's shares valued at $545,000, after purchasing an additional 583 during the last quarterly. Navis Wealth Advisors LLC increased its stake in NVIDIA in the first quarter by 205.3%. Navis Wealth Advisors LLC owns 2,900 of the computer maker's shares valued at $791,000. This is after purchasing an additional 1,950 during the previous quarter. Ergoteles LLC also acquired a position in NVIDIA during the first quarter, valued at $929,000. Several analysts have published reports about the company. Jefferies Financial Group increased their target price for NVIDIA in a report published on Thursday, 22nd February from $275.00 up to $300.00. They also gave the company a "buy" rating. Morgan Stanley upgraded NVIDIA's rating from 'equal' to 'overweight,' and increased their target price from $255.00 up to $304.00. This was in a report published on Thursday March 16th. In a report published on April 18th, HSBC upgraded NVIDIA shares from a reduce' to a buy' rating. They also raised the price target from $175.00 up to $355.00. Piper Sandler increased their price target for shares of NVIDIA to $225.00 in a report published on Wednesday, 22nd February. The stock was also given an 'overweight rating'. Westpark Capital began covering shares of NVIDIA on Wednesday, 22nd March in a report. The stock was given a "hold" rating. One analyst gave the stock a "sell" rating. Ten others have issued a "hold" rating. Twenty-seven analysts have given the stock a "buy" rating. And one research analyst has given the stock a "strong buy". According to MarketBeat.com the company's consensus rating is 'Moderate buy' with an average price of $268.79.
Insider Buying & Selling at NVIDIA
In a Friday, 27th January transaction, the company sold 23,532 of its shares. The stock was bought at an average of $205.00 for a value of $4824,060.00. The executive vice president owns 162,944 company shares, worth $33,403,520, after the sale. The transaction took place on January 26th. The shares were sold for an average of $200.00. This totaled $2,148.200.00. The chief financial officer owns approximately $107392,000 worth of shares after the sale. In a Friday, 27th January transaction, 23,532 shares were sold. The shares were purchased at a price of $205, for a total of $4,824,060.00. After the sale is complete, the executive vice-president now owns directly 162,944 company shares, valued at approximately $33,403,520. In the past 90 days, insiders sold 72,773 company shares worth $16,176.150. Insiders control 4.04% the stock of their company.
NVIDIA Stock Performance
On Tuesday, the stock opened at $271.34. NVIDIA Co.'s 52-week low is $108.13, and its 52-week high is $281.10. The market capitalization is $670.21 Billion, with a P/E/G of 4.77, and a beta value of 1.77. The company's debt-to equity ratio is 0.44. Its current ratio is 3.52, and its quick ratio is 2.73. The company's simple moving 50-day average is $251.55, and its simple 200-day average is $192.46.
The last time ) released its quarterly results was on February 22nd. The computer hardware manufacturer reported $0.88 in earnings per share for the quarter. This was $0.07 higher than the consensus estimate, which was $0.81. NVIDIA's net margin was 16.19%, and its return on equity was 26.61%. The company had a revenue of $6.05billion for the quarter compared with analyst estimates of $6.02billion. In the same quarter of the previous year, the company had $1.14 in earnings per share. The company's revenue for the quarter was down by 20.8% from last year. Sell-side analysts predict that NVIDIA Co.'s earnings per share will be 3.24 for the current fiscal year.
NVIDIA Announces Dividend
A quarterly dividend was also paid by the firm on March 29th. The $0.04 dividend was paid to shareholders who were registered on March 8th. This dividend became payable on Tuesday, 7th March. This is a $0.16 dividend with a yield 0.06%. NVIDIA has a dividend payout ratio of 9.20%.
NVIDIA - About NVIDIA
NVIDIA Corp. designs and manufactures computer graphics processors and chipsets. It also produces multimedia software. It is divided into three segments: Graphics Processing Units (GPU), Tegra Processors, and All Other. The GPU segment consists mainly of product brands such as GeForce and Quadro, which are aimed at gamers and designers, Tesla and DGX, for AI data scientists, big data researchers and data scientists, and GRID, for cloud-based visual computation users.
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