Natixis Advisors L.P. trimmed its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 15.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,522 shares of the computer hardware maker’s stock after selling 8,215 shares during the quarter. Natixis Advisors L.P.’s holdings in NVIDIA were worth $5,943,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NVDA. TD Capital Management LLC bought a new position in NVIDIA in the 4th quarter worth $27,000. Swedbank raised its holdings in NVIDIA by 50.4% in the 4th quarter. Swedbank now owns 2,547,600 shares of the computer hardware maker’s stock worth $340,487,000 after purchasing an additional 854,050 shares during the period. Girard Partners LTD. raised its holdings in NVIDIA by 25.1% in the 4th quarter. Girard Partners LTD. now owns 2,300 shares of the computer hardware maker’s stock worth $307,000 after purchasing an additional 461 shares during the period. River Wealth Advisors LLC raised its holdings in NVIDIA by 7.4% in the 4th quarter. River Wealth Advisors LLC now owns 2,563 shares of the computer hardware maker’s stock worth $342,000 after purchasing an additional 177 shares during the period. Finally, Man Group plc raised its holdings in NVIDIA by 5.6% in the 3rd quarter. Man Group plc now owns 37,977 shares of the computer hardware maker’s stock worth $10,673,000 after purchasing an additional 2,028 shares during the period. 68.72% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on NVDA shares. BidaskClub cut NVIDIA from a “hold” rating to a “sell” rating in a report on Wednesday, November 21st. SunTrust Banks decreased their target price on NVIDIA to $237.00 and set a “buy” rating on the stock in a report on Friday, November 16th. Daiwa Capital Markets reaffirmed a “buy” rating on shares of NVIDIA in a report on Monday, November 19th. BNP Paribas cut NVIDIA from a “neutral” rating to an “underperform” rating in a report on Tuesday, November 20th. Finally, Cowen reaffirmed an “outperform” rating and issued a $195.00 target price (down from $215.00) on shares of NVIDIA in a report on Friday, February 15th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty-five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $210.62.
NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, February 14th. The computer hardware maker reported $0.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.27. The firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.22 billion. NVIDIA had a return on equity of 41.78% and a net margin of 35.35%. The business’s quarterly revenue was down 24.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.72 earnings per share. Analysts anticipate that NVIDIA Co. will post 4.49 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 1st will be given a dividend of $0.16 per share. The ex-dividend date is Thursday, February 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.39%. NVIDIA’s payout ratio is 10.54%.
In other news, EVP Debora Shoquist sold 6,345 shares of the firm’s stock in a transaction dated 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 owns 177,911 shares in the company, valued at $24,076,695.63. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 4.70% of the company’s stock.
NVIDIA Company Profile
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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