YorkBridge Wealth Partners LLC boosted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 309.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,002 shares of the computer hardware maker’s stock after purchasing an additional 757 shares during the period. YorkBridge Wealth Partners LLC’s holdings in NVIDIA were worth $214,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Welch Investments LLC acquired a new stake in shares of NVIDIA during the third quarter valued at approximately $104,000. Country Trust Bank raised its holdings in shares of NVIDIA by 490.0% during the fourth quarter. Country Trust Bank now owns 590 shares of the computer hardware maker’s stock valued at $114,000 after acquiring an additional 490 shares during the period. Global Trust Asset Management LLC acquired a new stake in shares of NVIDIA during the fourth quarter valued at approximately $116,000. North Star Investment Management Corp. raised its holdings in shares of NVIDIA by 67.3% during the fourth quarter. North Star Investment Management Corp. now owns 634 shares of the computer hardware maker’s stock valued at $123,000 after acquiring an additional 255 shares during the period. Finally, Crewe Advisors LLC acquired a new stake in shares of NVIDIA during the fourth quarter valued at approximately $148,000. 61.46% of the stock is owned by institutional investors and hedge funds.
NVIDIA Co. (NASDAQ:NVDA) traded up $1.82 during midday trading on Thursday, hitting $243.33. 2,152,117 shares of the company traded hands, compared to its average volume of 16,653,254. The company has a current ratio of 8.03, a quick ratio of 7.34 and a debt-to-equity ratio of 0.27. The company has a market cap of $146,360.00, a P/E ratio of 50.38, a P/E/G ratio of 3.91 and a beta of 1.43. NVIDIA Co. has a fifty-two week low of $95.17 and a fifty-two week high of $251.97.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.25%. The ex-dividend date is Thursday, February 22nd. NVIDIA’s dividend payout ratio is currently 12.42%.
In other NVIDIA news, CFO Colette Kress sold 171 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $185.57, for a total value of $31,732.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James C. Gaither sold 40,359 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $245.67, for a total transaction of $9,914,995.53. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 58,443 shares of company stock valued at $14,010,937. 5.82% of the stock is owned by insiders.
NVDA has been the topic of a number of recent analyst reports. Oppenheimer restated a “hold” rating on shares of NVIDIA in a report on Sunday, November 5th. Bank of America restated a “buy” rating and set a $275.00 price target (up previously from $251.00) on shares of NVIDIA in a report on Friday, January 19th. B. Riley restated a “buy” rating and set a $270.00 price target on shares of NVIDIA in a report on Monday, January 8th. Jefferies Group boosted their price target on shares of NVIDIA from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 10th. Finally, Barclays boosted their price target on shares of NVIDIA from $200.00 to $225.00 and gave the company an “equal weight” rating in a report on Friday, November 10th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $210.97.
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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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