NVIDIA Co. (NASDAQ:NVDA) is the fourth largest holding in Strs Ohio

Strs Ohio has sold its stake in NVIDIA Co. (NASDAQ:NVDA – Free Report) fell 2.7% in the fourth quarter, the company said in its most recent 13F filing with the SEC. The company owned 1,301,885 shares of the computer hardware maker, after selling 36,488 shares during the quarter. NVIDIA comprises 2.7% of Strs Ohio’s portfolio, making the stock the fourth largest holding. Strs Ohio owned approximately 0.05% of NVIDIA worth $644,719,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently changed their holdings in the company. LFA Lugano Financial Advisors SA bought a new position in shares of NVIDIA in the 4th quarter worth approximately $28,000. Peoples Financial Services CORP. bought a new $30,000 position in NVIDIA during the third quarter. Your Advocates Ltd. LLP bought a new $30,000 position in NVIDIA during the third quarter. Trivant Custom Portfolio Group LLC grew its stake in NVIDIA by 44.1% in the third quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock worth $43,000 after acquiring an additional 30 shares during the period. Finally, O Brien Wealth Partners LLC grew its holdings in NVIDIA by 139.5% in the 4th quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock worth $45,000 after acquiring an additional 53 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s shares.

Insider buying and selling at NVIDIA

In other NVIDIA news, President Mark A. Stevens sold 5,000 shares of the company’s stock in a transaction dated Monday, February 26th. The shares sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the sale, the director now owns 1,119,583 shares in the company, valued at approximately $896,494,891.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other NVIDIA news, President Mark A. Stevens sold 5,000 shares of the company’s stock in a transaction dated Monday, February 26th. The shares sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the sale, the director now owns 1,119,583 shares in the company, valued at approximately $896,494,891.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 12,000 shares of the company’s stock in a transaction dated Monday, March 4th. The stock sold at an average price of $853.54, for a total value of $10,242,480.00. Following the completion of the sale, the director now owns 1,107,583 shares in the company, valued at approximately $945,366,393.82. The explanation of this sale can be found here. In the last 90 days, insiders have sold 61,278 shares of the company’s stock worth $52,689,898. Currently, 3.99% of the shares are owned by insiders.

NVIDIA is trading 4.4% higher

Shares of NASDAQ:NVDA opened at $795.18 on Tuesday. The company’s 50-day moving average is $846.17 and its 200-day moving average is $627.28. NVIDIA Co. has a 1-year low of $262.25 and a 1-year high of $974.00. The company has a market cap of $1.99 trillion, a price-to-earnings ratio of 66.60, a price-to-earnings ratio of 1.09, and a beta of 1.73. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67.

NVIDIA (NASDAQ:NVDA – Get Free Report) posted its latest quarterly results on Wednesday, February 21. The computer hardware maker reported $5.16 earnings per share for the quarter, beating the consensus estimate of $4.21 by $0.95. The company had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The company’s quarterly revenue increased 265.3% compared to the same quarter last year. During the same quarter of the previous year, the company earned earnings per share of $0.65. On average, research analysts predict that NVIDIA Co. will record a profit per share of 22.55 for the current financial year.

NVIDIA announces dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27. A dividend of $0.04 per share was paid to known shareholders on Wednesday, March 6. The ex-dividend date of this dividend was Tuesday, March 5. This represents a dividend of $0.16 annually and a yield of 0.02%. NVIDIA’s payout ratio currently stands at 1.34%.

Analyst upgrades and downgrades

A number of stock analysts recently published reports on the company. HSBC raised their price objective on NVIDIA from $880.00 to $1,050.00 and gave the company a “buy” rating in a report on Monday, March 18. KeyCorp raised their price objective on NVIDIA from $1,100.00 to $1,200.00 and gave the company an “overweight” rating in a report on Monday, April 8. Rosenblatt Securities reiterated a “buy” rating and set a $1,100.00 target price on shares of NVIDIA in a report on Tuesday, February 20. Evercore ISI initiated coverage of NVIDIA in a report on Tuesday, April 16. They issued an ‘outperform’ rating and a target price of $1,160.00 for the company. Finally, Raymond James raised their price target on NVIDIA from $850.00 to $1,100.00 and gave the stock a “strong buy” rating in a report on Thursday, April 11. Four analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $940.30.

Get our latest stock analysis on NVIDIA

NVIDIA profile

(Free report)

NVIDIA Corporation provides graphics, computing and networking solutions in the United States, Taiwan, China, Hong Kong and internationally. The 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 business workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; car platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D Internet applications.

read more

Get daily news and reviews for NVIDIA – Enter your email address below to receive a concise daily digest of the latest news and analyst ratings for NVIDIA and related companies with MarketBeat.com’s FREE daily email newsletter.