NVIDIA Corporation $NVDA Shares Bought by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC lifted its stake in NVIDIA Corporation (NASDAQ:NVDAFree Report) by 15.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 37,008 shares of the computer hardware maker’s stock after acquiring an additional 4,968 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in NVIDIA were worth $6,892,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of NVDA. State Street Corp boosted its stake in shares of NVIDIA by 1.0% in the second quarter. State Street Corp now owns 978,208,862 shares of the computer hardware maker’s stock valued at $154,556,803,000 after purchasing an additional 9,554,857 shares during the period. Geode Capital Management LLC grew its holdings in NVIDIA by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 579,213,497 shares of the computer hardware maker’s stock valued at $91,150,170,000 after purchasing an additional 8,521,936 shares in the last quarter. Norges Bank purchased a new stake in NVIDIA during the 2nd quarter worth $51,386,863,000. Legal & General Group Plc increased its stake in NVIDIA by 1.5% during the 3rd quarter. Legal & General Group Plc now owns 181,203,035 shares of the computer hardware maker’s stock worth $33,808,862,000 after buying an additional 2,609,560 shares during the period. Finally, Capital Research Global Investors lifted its holdings in NVIDIA by 16.1% in the 3rd quarter. Capital Research Global Investors now owns 165,377,852 shares of the computer hardware maker’s stock worth $30,855,564,000 after buying an additional 22,896,705 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. TD Cowen reissued a “buy” rating and issued a $235.00 price objective on shares of NVIDIA in a research report on Tuesday, March 17th. KeyCorp reiterated an “overweight” rating and issued a $275.00 price target on shares of NVIDIA in a research note on Tuesday, March 17th. Barclays reissued a “buy” rating on shares of NVIDIA in a report on Thursday, February 26th. Bank of America raised their price objective on NVIDIA from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Finally, UBS Group restated a “buy” rating on shares of NVIDIA in a report on Tuesday, March 17th. Four research analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, NVIDIA currently has an average rating of “Buy” and a consensus price target of $275.25.

Check Out Our Latest Analysis on NVDA

Insider Buying and Selling at NVIDIA

In related news, CFO Colette Kress sold 20,000 shares of the firm’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of $174.89, for a total transaction of $3,497,800.00. Following the transaction, the chief financial officer directly owned 83,060 shares in the company, valued at $14,526,363.40. This trade represents a 19.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John Dabiri sold 3,004 shares of NVIDIA stock in a transaction on Friday, March 13th. The stock was sold at an average price of $184.90, for a total transaction of $555,439.60. Following the completion of the transaction, the director directly owned 14,788 shares of the company’s stock, valued at approximately $2,734,301.20. This represents a 16.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 953,976 shares of company stock worth $171,173,819. 4.17% of the stock is owned by insiders.

Key Headlines Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

NVIDIA Stock Performance

Shares of NVDA stock opened at $198.45 on Friday. The stock has a market capitalization of $4.82 trillion, a price-to-earnings ratio of 40.50, a PEG ratio of 0.65 and a beta of 2.25. NVIDIA Corporation has a one year low of $110.82 and a one year high of $216.82. The company’s 50-day simple moving average is $186.75 and its 200-day simple moving average is $186.14. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.24 and a current ratio of 3.91.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The computer hardware maker reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.08. NVIDIA had a return on equity of 97.37% and a net margin of 55.60%.The firm had revenue of $68.13 billion during the quarter, compared to analyst estimates of $65.56 billion. During the same period in the previous year, the company earned $0.89 earnings per share. NVIDIA’s quarterly revenue was up 73.2% on a year-over-year basis. Equities analysts anticipate that NVIDIA Corporation will post 7.78 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date was Wednesday, March 11th. NVIDIA’s payout ratio is 0.82%.

NVIDIA Company Profile

(Free Report)

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

See Also

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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