Complex Capital Management LLC acquired a new stake in NVIDIA Co. (NASDAQ:NVDA) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 17,500 shares of the computer hardware maker’s stock, valued at approximately $2,336,000. NVIDIA makes up approximately 6.3% of Complex Capital Management LLC’s portfolio, making the stock its biggest position.
A number of other large investors have also recently modified their holdings of NVDA. FMR LLC grew its position in shares of NVIDIA by 1.5% during the third quarter. FMR LLC now owns 49,322,285 shares of the computer hardware maker’s stock worth $13,860,548,000 after buying an additional 727,863 shares in the last quarter. Vanguard Group Inc. grew its position in shares of NVIDIA by 4.0% during the third quarter. Vanguard Group Inc. now owns 44,464,641 shares of the computer hardware maker’s stock worth $12,495,455,000 after buying an additional 1,693,736 shares in the last quarter. Vanguard Group Inc grew its position in shares of NVIDIA by 4.0% during the third quarter. Vanguard Group Inc now owns 44,464,641 shares of the computer hardware maker’s stock worth $12,495,455,000 after buying an additional 1,693,736 shares in the last quarter. BlackRock Inc. grew its position in shares of NVIDIA by 1.0% during the fourth quarter. BlackRock Inc. now owns 39,307,194 shares of the computer hardware maker’s stock worth $5,247,509,000 after buying an additional 378,149 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its position in shares of NVIDIA by 8,687.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,509,787 shares of the computer hardware maker’s stock worth $161,000 after buying an additional 21,265,009 shares in the last quarter. 67.83% of the stock is owned by institutional investors.
NVDA stock opened at $156.52 on Wednesday. The company has a current ratio of 7.94, a quick ratio of 6.76 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $97.11 billion, a price-to-earnings ratio of 25.79, a P/E/G ratio of 3.82 and a beta of 1.93. NVIDIA Co. has a 1 year low of $124.46 and a 1 year high of $292.76.
NVIDIA (NASDAQ:NVDA) last posted its earnings results on Thursday, February 14th. The computer hardware maker reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.27. The company had revenue of $2.21 billion for 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 firm’s quarterly revenue was down 24.3% compared to the same quarter last year. During the same period last year, the business posted $1.72 earnings per share. As a group, analysts predict that NVIDIA Co. will post 4.49 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 1st will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend is Thursday, February 28th. NVIDIA’s payout ratio is 10.54%.
A number of research firms have recently weighed in on NVDA. BidaskClub downgraded shares of NVIDIA from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. ValuEngine raised shares of NVIDIA from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Atlantic Securities began coverage on shares of NVIDIA in a research report on Friday, February 22nd. They set an “overweight” rating and a $195.00 price target for the company. MKM Partners raised their price target on shares of NVIDIA to $170.00 and gave the stock a “neutral” rating in a research report on Friday, February 15th. Finally, Rosenblatt Securities raised their price target on shares of NVIDIA to $190.00 and gave the stock a “buy” rating in a research report on Friday, February 15th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $210.09.
In other NVIDIA news, CFO Colette Kress sold 889 shares of the firm’s stock in a transaction on Friday, December 14th. The stock was sold at an average price of $147.91, for a total value of $131,491.99. Following the sale, the chief financial officer now directly owns 259,912 shares in the company, valued at $38,443,583.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Debora Shoquist sold 6,345 shares of the firm’s stock in a transaction on Wednesday, January 2nd. The shares were sold at an average price of $135.33, for a total value of $858,668.85. Following the completion of the sale, the executive vice president now owns 177,911 shares in the company, valued at $24,076,695.63. The disclosure for this sale can be found here. Insiders sold 7,348 shares of company stock worth $1,007,805 over the last quarter. 4.70% of the stock is currently owned by company insiders.
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NVIDIA Corporation operates as a visual computing company worldwide. It operates through 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 AI utilizing deep learning, accelerated computing, and general purpose computing; GRID 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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