CIBC Asset Management Inc trimmed its position in NVIDIA Co. (NASDAQ:NVDA) by 4.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,075 shares of the computer hardware maker’s stock after selling 4,095 shares during the quarter. CIBC Asset Management Inc’s holdings in NVIDIA were worth $19,171,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Ark Investment Management LLC grew its position in NVIDIA by 79.5% during the second quarter. Ark Investment Management LLC now owns 126,769 shares of the computer hardware maker’s stock valued at $18,326,000 after acquiring an additional 56,138 shares during the last quarter. AHL Partners LLP bought a new position in NVIDIA during the second quarter valued at approximately $848,000. Cubist Systematic Strategies LLC bought a new position in NVIDIA during the second quarter valued at approximately $2,511,000. Moors & Cabot Inc. grew its position in NVIDIA by 61.4% during the second quarter. Moors & Cabot Inc. now owns 3,691 shares of the computer hardware maker’s stock valued at $532,000 after acquiring an additional 1,404 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its position in NVIDIA by 946.4% during the second quarter. Tower Research Capital LLC TRC now owns 2,166 shares of the computer hardware maker’s stock valued at $313,000 after acquiring an additional 1,959 shares during the last quarter. 62.70% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently issued reports on NVDA shares. Raymond James Financial raised their target price on shares of NVIDIA and gave the stock an “outperform” rating in a report on Friday, November 10th. Royal Bank of Canada raised their target price on shares of NVIDIA from $230.00 to $240.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. Mizuho restated a “buy” rating and issued a $225.00 target price on shares of NVIDIA in a report on Tuesday, November 28th. Vetr upgraded shares of NVIDIA from a “buy” rating to a “strong-buy” rating and set a $218.94 target price on the stock in a report on Monday, January 1st. Finally, Canaccord Genuity lifted their price target on shares of NVIDIA from $225.00 to $250.00 and gave the company a “buy” rating in a report on Friday, November 17th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. NVIDIA presently has an average rating of “Buy” and a consensus price target of $210.67.
NVIDIA Co. (NASDAQ NVDA) traded up $14.56 on Monday, hitting $232.08. The stock had a trading volume of 41,856,398 shares, compared to its average volume of 16,680,584. The company has a current ratio of 8.03, a quick ratio of 7.34 and a debt-to-equity ratio of 0.27. The stock has a market cap of $138,320.00, a price-to-earnings ratio of 46.90, a PEG ratio of 4.83 and a beta of 1.43. NVIDIA Co. has a 12-month low of $95.17 and a 12-month high of $249.27.
NVIDIA (NASDAQ:NVDA) last issued its earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.56. NVIDIA had a return on equity of 45.02% and a net margin of 31.36%. The business had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same quarter in the previous year, the firm earned $1.13 EPS. NVIDIA’s revenue was up 34.0% on a year-over-year basis. equities analysts anticipate that NVIDIA Co. will post 4.68 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 23rd will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%. NVIDIA’s dividend payout ratio is currently 12.42%.
In other NVIDIA news, Director Persis Drell sold 606 shares of the business’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $197.07, for a total transaction of $119,424.42. Following the completion of the sale, the director now directly owns 26,104 shares in the company, valued at approximately $5,144,315.28. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dawn E. Hudson sold 3,052 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $214.39, for a total value of $654,318.28. Following the sale, the director now owns 28,816 shares of the company’s stock, valued at $6,177,862.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,858 shares of company stock valued at $1,025,784. Corporate insiders own 5.17% of the company’s stock.
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NVIDIA Company Profile
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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