Fort Sheridan Advisors LLC grew its stake in NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 4.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,138 shares of the computer hardware maker’s stock after acquiring an additional 292 shares during the quarter. Fort Sheridan Advisors LLC’s holdings in NVIDIA were worth $2,099,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its stake in shares of NVIDIA by 310.0% in the third quarter. Geode Capital Management LLC now owns 40,382,672 shares of the computer hardware maker’s stock worth $8,342,531,000 after purchasing an additional 30,532,187 shares during the last quarter. Northern Trust Corp raised its stake in shares of NVIDIA by 0.3% in the fourth quarter. Northern Trust Corp now owns 28,364,911 shares of the computer hardware maker’s stock worth $8,342,404,000 after purchasing an additional 88,332 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of NVIDIA by 294.8% in the third quarter. Bank of New York Mellon Corp now owns 24,476,208 shares of the computer hardware maker’s stock worth $5,070,488,000 after purchasing an additional 18,277,063 shares during the last quarter. Morgan Stanley increased its position in NVIDIA by 295.5% during the third quarter. Morgan Stanley now owns 18,498,150 shares of the computer hardware maker’s stock valued at $3,832,078,000 after acquiring an additional 13,821,357 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in NVIDIA by 288.1% during the third quarter. Janus Henderson Group PLC now owns 17,832,017 shares of the computer hardware maker’s stock valued at $3,694,005,000 after acquiring an additional 13,237,122 shares during the last quarter. 55.19% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts recently commented on the company. Citigroup upgraded NVIDIA from a “neutral” rating to a “buy” rating and set a $280.00 price objective for the company in a research report on Wednesday, April 13th. They noted that the move was a valuation call. KeyCorp reduced their price objective on NVIDIA from $350.00 to $310.00 and set an “overweight” rating for the company in a research report on Tuesday, April 12th. Truist Financial reduced their price objective on NVIDIA from $347.00 to $298.00 in a research report on Friday, April 8th. Barclays reduced their price objective on NVIDIA from $350.00 to $295.00 and set an “overweight” rating for the company in a research report on Monday, April 25th. Finally, Summit Insights cut NVIDIA from a “buy” rating to a “hold” rating in a research report on Thursday, February 17th. Eight equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $324.82.
NVIDIA (NASDAQ:NVDA – Get Rating) last posted its quarterly earnings data on Wednesday, February 16th. The computer hardware maker reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.13. NVIDIA had a return on equity of 42.99% and a net margin of 36.24%. The business had revenue of $7.64 billion for the quarter, compared to analyst estimates of $7.43 billion. During the same quarter in the prior year, the company earned $0.64 earnings per share. The company’s revenue was up 52.8% on a year-over-year basis. Research analysts expect that NVIDIA Co. will post 4.71 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 24th. Stockholders of record on Thursday, March 3rd were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date was Wednesday, March 2nd. NVIDIA’s dividend payout ratio is currently 4.16%.
In other news, CEO Jen Hsun Huang sold 292,340 shares of the company’s stock in a transaction on Tuesday, March 1st. The stock was sold at an average price of $237.12, for a total transaction of $69,319,660.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Tench Coxe sold 100,000 shares of the stock in a transaction on Monday, March 28th. The shares were sold at an average price of $274.06, for a total value of $27,406,000.00. The disclosure for this sale can be found here. Insiders have sold 409,056 shares of company stock worth $101,135,342 in the last ninety days. Corporate insiders own 4.47% of the company’s stock.
About NVIDIA (Get Rating)
NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.
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