Raymond James & Associates boosted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 465,477 shares of the computer hardware maker’s stock after purchasing an additional 9,503 shares during the quarter. Raymond James & Associates owned approximately 0.08% of NVIDIA worth $90,072,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC increased its stake in NVIDIA by 160.9% during the third quarter. SG Americas Securities LLC now owns 195,787 shares of the computer hardware maker’s stock worth $35,001,000 after acquiring an additional 120,734 shares during the last quarter. KCS Wealth Advisory acquired a new stake in NVIDIA during the fourth quarter worth about $282,000. Schwab Charles Investment Management Inc. increased its stake in NVIDIA by 3.8% during the third quarter. Schwab Charles Investment Management Inc. now owns 1,932,495 shares of the computer hardware maker’s stock worth $345,473,000 after acquiring an additional 71,458 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in NVIDIA by 45.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 27,391 shares of the computer hardware maker’s stock worth $4,897,000 after acquiring an additional 8,605 shares during the last quarter. Finally, Spectrum Management Group Inc. acquired a new stake in NVIDIA during the third quarter worth about $383,000. Hedge funds and other institutional investors own 67.01% of the company’s stock.
NVIDIA Co. (NASDAQ NVDA) opened at $245.33 on Monday. 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 Co. has a 1-year low of $95.49 and a 1-year high of $251.97. The company has a market capitalization of $148,420.00, a P/E ratio of 53.22, a price-to-earnings-growth ratio of 3.85 and a beta of 1.43.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 23rd will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date is Thursday, February 22nd. NVIDIA’s dividend payout ratio is presently 13.02%.
In other NVIDIA news, Director James C. Gaither sold 40,359 shares of the 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Mark L. Perry sold 17,307 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $227.93, for a total value of $3,944,784.51. Following the transaction, the director now directly owns 30,762 shares in the company, valued at approximately $7,011,582.66. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 58,546 shares of company stock worth $14,034,433. 5.17% of the stock is currently owned by company insiders.
Several equities research analysts have commented on the company. Vetr upgraded NVIDIA from a “buy” rating to a “strong-buy” rating and set a $270.50 price target for the company in a research note on Thursday, March 1st. Goldman Sachs Group lowered NVIDIA from a “conviction-buy” rating to a “buy” rating and set a $281.00 price target for the company. in a research note on Thursday, February 1st. B. Riley upped their price target on NVIDIA from $270.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. BidaskClub lowered NVIDIA from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 5th. Finally, Mizuho restated a “buy” rating and set a $240.00 price target (up from $225.00) on shares of NVIDIA in a research note on Tuesday, January 16th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company. NVIDIA currently has a consensus rating of “Buy” and a consensus target price of $211.31.
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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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