Capital Bank & Trust Co increased its holdings in NVIDIA Co. (NASDAQ:NVDA) by 0.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 168,055 shares of the computer hardware maker’s stock after buying an additional 80 shares during the period. Capital Bank & Trust Co’s holdings in NVIDIA were worth $39,543,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the stock. State Street Corp lifted its position in NVIDIA by 1.4% in the 4th quarter. State Street Corp now owns 24,989,675 shares of the computer hardware maker’s stock worth $5,880,071,000 after buying an additional 342,849 shares during the last quarter. Baillie Gifford & Co. lifted its holdings in shares of NVIDIA by 2.8% in the 4th quarter. Baillie Gifford & Co. now owns 7,711,347 shares of the computer hardware maker’s stock worth $1,814,480,000 after acquiring an additional 210,550 shares during the last quarter. Loomis Sayles & Co. L P lifted its holdings in shares of NVIDIA by 2.6% in the 4th quarter. Loomis Sayles & Co. L P now owns 5,827,815 shares of the computer hardware maker’s stock worth $1,371,284,000 after acquiring an additional 149,366 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of NVIDIA by 0.5% in the 4th quarter. Janus Henderson Group PLC now owns 4,601,427 shares of the computer hardware maker’s stock worth $1,082,764,000 after acquiring an additional 25,058 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of NVIDIA by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,626,261 shares of the computer hardware maker’s stock valued at $617,960,000 after purchasing an additional 57,433 shares in the last quarter. Institutional investors own 66.70% of the company’s stock.
In other NVIDIA news, Director A Brooke Seawell sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $287.91, for a total transaction of $5,758,200.00. Following the completion of the transaction, the director now owns 20,629 shares of the company’s stock, valued at $5,939,295.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Colette Kress sold 2,000 shares of NVIDIA stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $235.43, for a total transaction of $470,860.00. Following the transaction, the chief financial officer now owns 169,989 shares of the company’s stock, valued at $40,020,510.27. The disclosure for this sale can be found here. Insiders have sold 48,160 shares of company stock worth $12,214,957 in the last three months. 4.64% of the stock is currently owned by insiders.
NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, February 13th. The computer hardware maker reported $1.89 EPS for the quarter, beating the consensus estimate of $1.67 by $0.22. The business had revenue of $3.11 billion during the quarter, compared to analyst estimates of $2.96 billion. NVIDIA had a return on equity of 26.08% and a net margin of 25.60%. During the same quarter last year, the firm posted $0.80 earnings per share. As a group, sell-side analysts predict that NVIDIA Co. will post 6.37 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, February 28th were given a dividend of $0.16 per share. The ex-dividend date was Thursday, February 27th. This represents a $0.64 dividend on an annualized basis and a yield of 0.25%. NVIDIA’s dividend payout ratio (DPR) is currently 13.94%.
NVDA has been the topic of a number of analyst reports. Goldman Sachs Group reiterated a “buy” rating on shares of NVIDIA in a research report on Tuesday, February 18th. Bank of America restated a “buy” rating and set a $300.00 price target on shares of NVIDIA in a research report on Friday, March 20th. SunTrust Banks lifted their price objective on NVIDIA from $273.00 to $314.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Edward Jones began coverage on NVIDIA in a report on Friday, December 20th. They issued a “hold” rating on the stock. Finally, Wells Fargo & Co lowered their target price on NVIDIA from $320.00 to $280.00 and set an “overweight” rating for the company in a research note on Friday, March 20th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and thirty-two have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $274.71.
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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