LMR Partners LLP acquired a new stake in shares of NVIDIA Co. (NASDAQ:NVDA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,350 shares of the computer hardware maker’s stock, valued at approximately $1,382,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. TD Capital Management LLC acquired a new position in shares of NVIDIA during the 4th quarter valued at about $27,000. Trust Department MB Financial Bank N A acquired a new stake in NVIDIA during the 4th quarter worth approximately $31,000. Peconic Partners LLC acquired a new stake in NVIDIA during the 4th quarter worth approximately $40,000. Resources Investment Advisors Inc. acquired a new stake in NVIDIA during the 4th quarter worth approximately $42,000. Finally, Intercontinental Wealth Advisors LLC acquired a new stake in NVIDIA during the 4th quarter worth approximately $46,000. 68.72% of the stock is owned by institutional investors.
A number of analysts recently issued reports on the stock. Royal Bank of Canada dropped their target price on shares of NVIDIA from $230.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, December 27th. Morgan Stanley downgraded shares of NVIDIA from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $220.00 to $148.00 in a research report on Tuesday, January 29th. BMO Capital Markets dropped their target price on shares of NVIDIA to $130.00 and set a “market perform” rating for the company in a research report on Tuesday, January 29th. Sanford C. Bernstein downgraded shares of NVIDIA from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $250.00 to $175.00 in a research report on Monday, February 11th. Finally, Daiwa Capital Markets set a $165.00 target price on shares of NVIDIA and gave the stock a “buy” rating in a research report on Tuesday, January 29th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty-five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $210.62.
NVIDIA (NASDAQ:NVDA) last released its earnings results on Thursday, February 14th. The computer hardware maker reported $0.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.27. The company had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.22 billion. NVIDIA had a return on equity of 41.78% and a net margin of 35.35%. The business’s revenue was down 24.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.72 EPS. As a group, analysts forecast that NVIDIA Co. will post 4.49 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 1st will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.38%. The ex-dividend date is Thursday, February 28th. NVIDIA’s dividend payout ratio (DPR) is currently 10.54%.
In other news, EVP Debora Shoquist sold 6,345 shares of the stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $135.33, for a total transaction of $858,668.85. Following the completion of the transaction, the executive vice president now directly owns 177,911 shares in the company, valued at approximately $24,076,695.63. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 4.70% of the company’s stock.
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NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for artificial intelligence (AI) utilizing deep learning, accelerated computing, and general purpose computing; GRID, which provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.
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