EULAV Asset Management trimmed its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 4.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 367,137 shares of the computer hardware maker's stock after selling 18,001 shares during the period. NVIDIA comprises about 1.2% of EULAV Asset Management's holdings, making the stock its 26th biggest holding. EULAV Asset Management's holdings in NVIDIA were worth $49,303,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently bought and sold shares of NVDA. Ironwood Wealth Management LLC. boosted its stake in NVIDIA by 896.9% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker's stock valued at $782,000 after purchasing an additional 5,695 shares during the period. AMF Tjanstepension AB increased its stake in shares of NVIDIA by 2.2% in the 3rd quarter. AMF Tjanstepension AB now owns 8,039,712 shares of the computer hardware maker's stock valued at $976,348,000 after buying an additional 169,445 shares during the period. Bangor Savings Bank boosted its position in shares of NVIDIA by 538.6% in the 3rd quarter. Bangor Savings Bank now owns 8,729 shares of the computer hardware maker's stock worth $1,060,000 after purchasing an additional 7,362 shares during the last quarter. Chapin Davis Inc. lifted its holdings in NVIDIA by 1.5% during the third quarter. Chapin Davis Inc. now owns 168,500 shares of the computer hardware maker's stock worth $20,463,000 after acquiring an additional 2,501 shares in the last quarter. Finally, Aprio Wealth Management LLC raised its stake in shares of NVIDIA by 6.9% in the 3rd quarter. Aprio Wealth Management LLC now owns 23,285 shares of the computer hardware maker's stock valued at $2,828,000 after purchasing an additional 1,510 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.
In other news, CFO Colette Kress sold 66,670 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $135.40, for a total value of $9,027,118.00. Following the completion of the transaction, the chief financial officer now owns 3,351,572 shares of the company's stock, valued at approximately $453,802,848.80. This trade represents a 1.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the sale, the executive vice president now directly owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. This trade represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,107,632 shares of company stock worth $146,405,286 over the last three months. Insiders own 4.23% of the company's stock.
Shares of NASDAQ:NVDA traded up $2.12 during trading hours on Friday, hitting $112.69. The company's stock had a trading volume of 340,933,310 shares, compared to its average volume of 283,237,375. NVIDIA Co. has a 52 week low of $75.61 and a 52 week high of $153.13. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The company has a market capitalization of $2.75 trillion, a price-to-earnings ratio of 44.35, a P/E/G ratio of 1.76 and a beta of 1.77. The firm's fifty day moving average price is $131.66 and its 200 day moving average price is $131.66.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. As a group, research analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA's dividend payout ratio is presently 1.36%.
A number of analysts recently issued reports on NVDA shares. Raymond James lifted their target price on NVIDIA from $140.00 to $170.00 and gave the company a "strong-buy" rating in a research report on Thursday, November 14th. Stifel Nicolaus upped their target price on NVIDIA from $165.00 to $180.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. UBS Group increased their price objective on NVIDIA from $150.00 to $185.00 and gave the company a "buy" rating in a report on Monday, November 11th. Needham & Company LLC reaffirmed a "buy" rating and set a $160.00 price target on shares of NVIDIA in a research report on Thursday, February 27th. Finally, Bank of America raised their price target on shares of NVIDIA from $190.00 to $200.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Four analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $171.69.
View Our Latest Analysis on NVDA
NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The 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; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.
Before you consider NVIDIA, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NVIDIA wasn't on the list.
While NVIDIA currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.