Stephens Inc. AR Has $838,000 Position in NVIDIA Co. (NVDA)
Stephens Inc. AR boosted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 10.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,333 shares of the computer hardware maker’s stock after purchasing an additional 405 shares during the period. Stephens Inc. AR’s holdings in NVIDIA were worth $838,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in NVDA. Welch Investments LLC acquired a new stake in NVIDIA in the third quarter valued at $104,000. Country Trust Bank lifted its stake in NVIDIA by 490.0% in the fourth quarter. Country Trust Bank now owns 590 shares of the computer hardware maker’s stock valued at $114,000 after acquiring an additional 490 shares during the last quarter. Global Trust Asset Management LLC acquired a new stake in NVIDIA in the fourth quarter valued at $116,000. North Star Investment Management Corp. lifted its stake in NVIDIA by 67.3% in the fourth quarter. North Star Investment Management Corp. now owns 634 shares of the computer hardware maker’s stock valued at $123,000 after acquiring an additional 255 shares during the last quarter. Finally, Edge Advisors LLC lifted its stake in NVIDIA by 98.8% in the third quarter. Edge Advisors LLC now owns 835 shares of the computer hardware maker’s stock valued at $149,000 after acquiring an additional 415 shares during the last quarter. 62.70% of the stock is owned by institutional investors and hedge funds.
NVIDIA Co. (NVDA) opened at $232.08 on Monday. NVIDIA Co. has a 1 year low of $95.17 and a 1 year high of $249.27. The company has a market cap of $140,640.48, a PE ratio of 50.02, a P/E/G ratio of 4.83 and a beta of 1.43. The company has a debt-to-equity ratio of 0.27, a quick ratio of 7.34 and a current ratio of 8.03.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend is Thursday, February 22nd. NVIDIA’s dividend payout ratio is 12.45%.
In other NVIDIA news, Director Dawn E. Hudson sold 3,052 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $214.39, for a total value of $654,318.28. Following the transaction, the director now directly owns 28,816 shares of the company’s stock, valued at approximately $6,177,862.24. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Persis Drell sold 606 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $197.07, for a total transaction of $119,424.42. Following the completion of the transaction, the director now directly owns 26,104 shares in the company, valued at $5,144,315.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,858 shares of company stock worth $1,025,784. 5.17% of the stock is owned by insiders.
NVDA has been the subject of a number of recent analyst reports. Raymond James Financial increased their price target on shares of NVIDIA and gave the company an “outperform” rating in a research note on Friday, November 10th. Royal Bank of Canada increased their price target on shares of NVIDIA from $230.00 to $240.00 and gave the company an “outperform” rating in a research note on Friday, November 10th. Mizuho reiterated a “buy” rating and issued a $225.00 price target on shares of NVIDIA in a research note on Tuesday, November 28th. Vetr upgraded shares of NVIDIA from a “buy” rating to a “strong-buy” rating and set a $218.94 price target for the company in a research note on Monday, January 1st. Finally, Canaccord Genuity increased their price target on shares of NVIDIA from $225.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, November 17th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $210.67.
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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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