Tower Research Capital LLC TRC increased its position in NVIDIA Co. (NASDAQ:NVDA) by 99.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 9,062 shares of the computer hardware maker’s stock after buying an additional 4,524 shares during the period. Tower Research Capital LLC TRC’s holdings in NVIDIA were worth $1,754,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Ark Investment Management LLC boosted its holdings in shares of NVIDIA by 79.5% during the 2nd quarter. Ark Investment Management LLC now owns 126,769 shares of the computer hardware maker’s stock valued at $18,326,000 after purchasing an additional 56,138 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in shares of NVIDIA during the 2nd quarter valued at about $28,543,000. Intl Fcstone Inc. bought a new position in shares of NVIDIA during the 2nd quarter valued at about $254,000. Frontier Investment Mgmt Co. bought a new position in shares of NVIDIA during the 2nd quarter valued at about $4,003,000. Finally, Shell Asset Management Co. boosted its holdings in shares of NVIDIA by 212.4% during the 3rd quarter. Shell Asset Management Co. now owns 165,687 shares of the computer hardware maker’s stock valued at $3,057,000 after purchasing an additional 112,651 shares during the last quarter. 61.46% of the stock is owned by institutional investors.
Shares of NVIDIA Co. (NASDAQ NVDA) traded up $3.78 during trading hours on Friday, hitting $245.93. 10,258,215 shares of the stock were exchanged, compared to its average volume of 17,110,000. The stock has a market capitalization of $149,030.00, a price-to-earnings ratio of 53.35, a PEG ratio of 3.86 and a beta of 1.43. NVIDIA Co. has a fifty-two week low of $95.17 and a fifty-two week high of $251.97. 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 issued its earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 EPS for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.56. The business had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.67 billion. NVIDIA had a net margin of 31.36% and a return on equity of 45.02%. The company’s quarterly revenue was up 34.0% compared to the same quarter last year. During the same period last year, the company posted $1.13 earnings per share. sell-side analysts expect that NVIDIA Co. will post 6.22 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 23rd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date is Thursday, February 22nd. NVIDIA’s dividend payout ratio (DPR) is presently 13.02%.
In other news, CFO Colette Kress sold 171 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $185.57, for a total transaction of $31,732.47. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James C. Gaither sold 40,359 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $245.67, for a total transaction of $9,914,995.53. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 58,443 shares of company stock worth $14,010,937. Corporate insiders own 5.82% of the company’s stock.
Several research analysts have commented on the stock. Vetr raised shares of NVIDIA from a “hold” rating to a “buy” rating and set a $257.77 price objective for the company in a report on Monday, February 19th. BidaskClub raised shares of NVIDIA from a “buy” rating to a “strong-buy” rating in a report on Friday, February 16th. Nomura increased their price objective on shares of NVIDIA to $225.00 and gave the company a “neutral” rating in a report on Friday, February 9th. BMO Capital Markets increased their price objective on shares of NVIDIA from $200.00 to $225.00 and gave the company a “market perform” rating in a report on Friday, February 9th. Finally, B. Riley increased their price objective on shares of NVIDIA from $270.00 to $290.00 and gave the company a “buy” rating in a report on Friday, February 9th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $210.97.
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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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