Citizens Financial Group Inc RI lowered its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 5.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,185 shares of the computer hardware maker’s stock after selling 235 shares during the period. Citizens Financial Group Inc RI’s holdings in NVIDIA were worth $810,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. Norinchukin Bank The grew its stake in shares of NVIDIA by 8.5% during the fourth quarter. Norinchukin Bank The now owns 48,451 shares of the computer hardware maker’s stock worth $9,375,000 after purchasing an additional 3,791 shares in the last quarter. Destination Wealth Management grew its stake in shares of NVIDIA by 11.9% during the fourth quarter. Destination Wealth Management now owns 2,467 shares of the computer hardware maker’s stock worth $477,000 after purchasing an additional 262 shares in the last quarter. American International Group Inc. grew its stake in shares of NVIDIA by 3.2% during the fourth quarter. American International Group Inc. now owns 254,677 shares of the computer hardware maker’s stock worth $49,280,000 after purchasing an additional 7,804 shares in the last quarter. Centaurus Financial Inc. acquired a new position in shares of NVIDIA during the fourth quarter worth $274,000. Finally, Employees Retirement System of Texas grew its stake in shares of NVIDIA by 113.1% during the fourth quarter. Employees Retirement System of Texas now owns 104,400 shares of the computer hardware maker’s stock worth $20,201,000 after purchasing an additional 55,400 shares in the last quarter. 62.70% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages recently commented on NVDA. BidaskClub upgraded shares of NVIDIA from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 11th. Vetr upgraded shares of NVIDIA from a “hold” rating to a “buy” rating and set a $257.77 target price for the company in a research note on Monday. Susquehanna Bancshares reiterated a “neutral” rating and set a $200.00 target price (up previously from $185.00) on shares of NVIDIA in a research note on Thursday, February 8th. Stifel Nicolaus boosted their target price on shares of NVIDIA from $184.00 to $220.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded shares of NVIDIA from a “hold” rating to a “buy” rating and set a $262.00 target price for the company in a research note on Wednesday, January 24th. Four research 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 given a strong buy rating to the company’s stock. NVIDIA currently has a consensus rating of “Buy” and an average price target of $210.97.
In related news, Director Mark L. Perry sold 17,307 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $227.93, for a total transaction of $3,944,784.51. Following the completion of the transaction, the director now directly owns 30,762 shares of the company’s stock, valued at $7,011,582.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dawn E. Hudson sold 3,052 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $214.39, for a total transaction of $654,318.28. Following the transaction, the director now directly owns 28,816 shares of the company’s stock, valued at $6,177,862.24. The disclosure for this sale can be found here. Insiders have sold 21,136 shares of company stock valued at $4,750,260 over the last three months. 5.82% of the stock is currently owned by corporate insiders.
NVIDIA Co. (NASDAQ NVDA) opened at $243.84 on Monday. The stock has a market cap of $147,770.00, a PE ratio of 50.48, a P/E/G ratio of 3.82 and a beta of 1.43. NVIDIA Co. has a 1-year low of $95.17 and a 1-year high of $250.00. The company has a current ratio of 8.03, a quick ratio of 7.34 and a debt-to-equity ratio of 0.27.
NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.56. The firm had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.67 billion. NVIDIA had a net margin of 31.36% and a return on equity of 45.02%. The firm’s revenue for the quarter was up 34.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.13 earnings per share. analysts predict that NVIDIA Co. will post 6.22 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, February 22nd. This represents a $0.60 annualized dividend and a yield of 0.25%. NVIDIA’s dividend payout ratio is currently 12.42%.
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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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