Fiera Capital Corp decreased its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,441 shares of the computer hardware maker’s stock after selling 859 shares during the quarter. Fiera Capital Corp’s holdings in NVIDIA were worth $18,222,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. 9258 Wealth Management LLC increased its stake in NVIDIA by 0.9% during the 4th quarter. 9258 Wealth Management LLC now owns 11,391 shares of the computer hardware maker’s stock valued at $2,680,000 after purchasing an additional 107 shares in the last quarter. Holistic Financial Partners acquired a new position in NVIDIA during the 4th quarter valued at approximately $220,000. Gryphon Financial Partners LLC increased its stake in NVIDIA by 39.8% during the 4th quarter. Gryphon Financial Partners LLC now owns 5,543 shares of the computer hardware maker’s stock valued at $1,305,000 after purchasing an additional 1,578 shares in the last quarter. GYL Financial Synergies LLC acquired a new position in NVIDIA during the 4th quarter valued at approximately $247,000. Finally, IndexIQ Advisors LLC acquired a new position in NVIDIA during the 4th quarter valued at approximately $48,000. Institutional investors and hedge funds own 65.23% of the company’s stock.
Shares of NASDAQ NVDA opened at $270.78 on Friday. The company’s fifty day moving average price is $245.31 and its 200 day moving average price is $203.66. NVIDIA Co. has a 1 year low of $132.60 and a 1 year high of $273.48. The company has a market capitalization of $165.72 billion, a PE ratio of 69.25, a price-to-earnings-growth ratio of 3.88 and a beta of 2.04. The company has a debt-to-equity ratio of 0.22, a quick ratio of 7.71 and a current ratio of 8.42.
NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, February 13th. The computer hardware maker reported $1.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.22. NVIDIA had a net margin of 24.08% and a return on equity of 22.02%. During the same quarter in the prior year, the firm earned $0.80 EPS. On average, equities analysts expect that NVIDIA Co. will post 4.32 EPS for the current year.
Several analysts have recently commented on the stock. Cascend Securities upped their price objective on shares of NVIDIA from $280.00 to $300.00 and gave the company a “buy” rating in a report on Thursday. ValuEngine downgraded shares of NVIDIA from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th. Barclays upped their price objective on shares of NVIDIA from $170.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Cowen upped their price objective on shares of NVIDIA from $195.00 to $240.00 and gave the company an “outperform” rating in a report on Friday, November 15th. Finally, Oppenheimer upped their price objective on shares of NVIDIA from $250.00 to $300.00 and gave the company an “outperform” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $243.18.
In other NVIDIA news, CFO Colette Kress sold 6,000 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $248.13, for a total transaction of $1,488,780.00. Following the transaction, the chief financial officer now directly owns 165,288 shares of the company’s stock, valued at $41,012,911.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director A Brooke Seawell sold 20,000 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $212.75, for a total transaction of $4,255,000.00. Following the transaction, the director now directly owns 22,221 shares in the company, valued at $4,727,517.75. The disclosure for this sale can be found here. Insiders have sold 51,785 shares of company stock worth $11,454,424 over the last three months. 4.64% of the stock is currently owned by insiders.
NVIDIA Company Profile
NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims 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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