Element Capital Management LLC acquired a new stake in NVIDIA Co. (NASDAQ:NVDA) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 206,144 shares of the computer hardware maker’s stock, valued at approximately $39,889,000.
A number of other institutional investors have also recently made changes to their positions in the stock. Vident Investment Advisory LLC raised its stake in NVIDIA by 22.3% in the 4th quarter. Vident Investment Advisory LLC now owns 103,937 shares of the computer hardware maker’s stock valued at $20,112,000 after acquiring an additional 18,974 shares during the period. Lido Advisors LLC grew its holdings in NVIDIA by 25.8% during the 4th quarter. Lido Advisors LLC now owns 5,434 shares of the computer hardware maker’s stock valued at $1,051,000 after buying an additional 1,114 shares in the last quarter. Financial Advocates Investment Management purchased a new position in NVIDIA during the 4th quarter valued at about $853,000. Laurel Wealth Advisors Inc. grew its holdings in NVIDIA by 8.7% during the 4th quarter. Laurel Wealth Advisors Inc. now owns 4,053 shares of the computer hardware maker’s stock valued at $784,000 after buying an additional 324 shares in the last quarter. Finally, Belpointe Asset Management LLC grew its holdings in NVIDIA by 4.4% during the 4th quarter. Belpointe Asset Management LLC now owns 16,028 shares of the computer hardware maker’s stock valued at $3,101,000 after buying an additional 675 shares in the last quarter. Institutional investors and hedge funds own 67.01% of the company’s stock.
Shares of NVIDIA Co. (NASDAQ NVDA) opened at $249.34 on Friday. The firm has a market capitalization of $150,850.00, a P/E ratio of 54.09, a P/E/G ratio of 3.90 and a beta of 1.43. NVIDIA Co. has a 12-month low of $95.49 and a 12-month high of $254.50. The company has a debt-to-equity ratio of 0.27, a current ratio of 8.03 and a quick ratio of 7.34.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 23rd will be given a $0.15 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $0.60 annualized dividend and a yield of 0.24%. NVIDIA’s payout ratio is currently 13.02%.
In other NVIDIA news, Director Persis Drell sold 606 shares of the business’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $197.07, for a total value of $119,424.42. Following the completion of the sale, the director now owns 26,104 shares in the company, valued at $5,144,315.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James C. Gaither sold 40,359 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $245.67, for a total value of $9,914,995.53. The disclosure for this sale can be found here. Insiders sold 58,375 shares of company stock valued at $14,002,701 in the last quarter. Corporate insiders own 5.82% of the company’s stock.
NVDA has been the subject of a number of recent analyst reports. SunTrust Banks reaffirmed a “buy” rating and set a $305.00 target price (up previously from $253.00) on shares of NVIDIA in a report on Friday, February 9th. Mizuho reaffirmed a “buy” rating and set a $225.00 target price on shares of NVIDIA in a report on Tuesday, November 28th. Vetr raised NVIDIA from a “buy” rating to a “strong-buy” rating and set a $218.94 target price for the company in a report on Monday, January 1st. Canaccord Genuity lifted their target price on NVIDIA from $225.00 to $250.00 and gave the company a “buy” rating in a report on Friday, November 17th. Finally, Morgan Stanley lifted their target price on NVIDIA from $222.00 to $258.00 and gave the company an “equal weight” rating in a report on Friday, February 9th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $212.38.
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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