Midwest Professional Planners LTD. lessened its position in shares of NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 3.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 23,565 shares of the computer hardware maker’s stock after selling 871 shares during the quarter. NVIDIA accounts for approximately 3.4% of Midwest Professional Planners LTD.’s investment portfolio, making the stock its 6th largest holding. Midwest Professional Planners LTD.’s holdings in NVIDIA were worth $6,931,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in NVDA. Disciplined Investments LLC acquired a new stake in NVIDIA in the 4th quarter valued at $25,000. Advanced Research Investment Solutions LLC bought a new position in NVIDIA in the 4th quarter valued at $29,000. Fortis Advisors LLC raised its position in NVIDIA by 300.0% in the 3rd quarter. Fortis Advisors LLC now owns 160 shares of the computer hardware maker’s stock valued at $33,000 after purchasing an additional 120 shares during the last quarter. Charter Oak Capital Management LLC raised its position in NVIDIA by 400.0% in the 4th quarter. Charter Oak Capital Management LLC now owns 130 shares of the computer hardware maker’s stock valued at $38,000 after purchasing an additional 104 shares during the last quarter. Finally, Leverty Financial Group LLC bought a new position in NVIDIA in the 4th quarter valued at $41,000. 55.19% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have issued reports 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. Summit Insights downgraded NVIDIA from a “buy” rating to a “hold” rating in a research report on Thursday, February 17th. Barclays cut 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. Credit Suisse Group restated a “buy” rating and set a $400.00 target price on shares of NVIDIA in a research report on Friday, March 18th. Finally, Morgan Stanley assumed coverage on NVIDIA in a research report on Tuesday, May 3rd. They set an “equal weight” rating and a $217.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $324.82.
NASDAQ NVDA traded up $15.31 during trading hours on Friday, hitting $177.06. 66,953,757 shares of the company traded hands, compared to its average volume of 56,273,920. The business’s 50-day moving average is $224.97 and its 200-day moving average is $257.53. NVIDIA Co. has a twelve month low of $135.43 and a twelve month high of $346.47. The company has a debt-to-equity ratio of 0.41, a quick ratio of 6.05 and a current ratio of 6.65. The stock has a market capitalization of $515.73 billion, a price-to-earnings ratio of 46.02, a P/E/G ratio of 2.10 and a beta of 1.59.
NVIDIA (NASDAQ:NVDA – Get Rating) last issued its quarterly earnings results on Wednesday, February 16th. The computer hardware maker reported $1.14 EPS for the quarter, beating the consensus estimate of $1.01 by $0.13. The firm had revenue of $7.64 billion during the quarter, compared to analysts’ expectations of $7.43 billion. NVIDIA had a return on equity of 42.99% and a net margin of 36.24%. The business’s quarterly revenue was up 52.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.64 earnings per share. Analysts predict that NVIDIA Co. will post 4.71 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 24th. Shareholders of record on Thursday, March 3rd were paid a $0.04 dividend. The ex-dividend date was Wednesday, March 2nd. This represents a $0.16 annualized dividend and a yield of 0.09%. NVIDIA’s dividend payout ratio is 4.16%.
NVIDIA Company Profile (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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