NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by IFM Investors Pty Ltd
IFM Investors Pty Ltd increased its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 16.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 59,520 shares of the computer hardware maker’s stock after acquiring an additional 8,574 shares during the quarter. NVIDIA makes up approximately 1.0% of IFM Investors Pty Ltd’s holdings, making the stock its 14th biggest holding. IFM Investors Pty Ltd’s holdings in NVIDIA were worth $31,081,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in NVDA. Great West Life Assurance Co. Can boosted its holdings in shares of NVIDIA by 226.3% in the 3rd quarter. Great West Life Assurance Co. Can now owns 1,827,816 shares of the computer hardware maker’s stock valued at $301,754,000 after purchasing an additional 1,267,667 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of NVIDIA by 132.9% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,096,639 shares of the computer hardware maker’s stock worth $593,523,000 after buying an additional 625,745 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of NVIDIA by 6.6% during the 3rd quarter. Jennison Associates LLC now owns 8,302,556 shares of the computer hardware maker’s stock worth $4,493,509,000 after buying an additional 516,044 shares during the last quarter. Allianz Asset Management GmbH raised its position in shares of NVIDIA by 15.9% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,908,085 shares of the computer hardware maker’s stock worth $1,032,694,000 after buying an additional 261,363 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its holdings in NVIDIA by 1,335.4% in the third quarter. CIBC Private Wealth Group LLC now owns 228,909 shares of the computer hardware maker’s stock valued at $123,527,000 after acquiring an additional 212,962 shares during the last quarter. 61.27% of the stock is owned by institutional investors and hedge funds.
Shares of NVIDIA stock traded up $1.88 during trading hours on Wednesday, reaching $541.27. The company’s stock had a trading volume of 4,981,691 shares, compared to its average volume of 10,118,228. NVIDIA Co. has a one year low of $180.68 and a one year high of $589.07. The company’s 50 day simple moving average is $529.17 and its 200 day simple moving average is $498.57. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.52 and a current ratio of 3.92. The stock has a market cap of $335.05 billion, a P/E ratio of 88.59, a price-to-earnings-growth ratio of 3.76 and a beta of 1.47.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 29th. Investors of record on Friday, December 4th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, December 3rd. This represents a $0.64 dividend on an annualized basis and a yield of 0.12%. NVIDIA’s payout ratio is currently 13.94%.
In other news, EVP Debora Shoquist sold 16,686 shares of NVIDIA stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $556.54, for a total transaction of $9,286,426.44. Following the sale, the executive vice president now owns 132,854 shares of the company’s stock, valued at $73,938,565.16. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Colette Kress acquired 200 shares of NVIDIA stock in a transaction dated Thursday, December 3rd. The shares were acquired at an average price of $536.95 per share, with a total value of $107,390.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 56,850 shares of company stock valued at $31,276,935. 4.47% of the stock is owned by company insiders.
Several equities analysts have recently weighed in on the company. Craig Hallum lifted their price objective on NVIDIA from $500.00 to $520.00 and gave the company a “hold” rating in a research note on Thursday, November 19th. Wells Fargo & Company lifted their price target on shares of NVIDIA from $605.00 to $625.00 and gave the company an “overweight” rating in a research report on Friday, December 18th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their price objective on shares of NVIDIA from $540.00 to $600.00 in a research note on Thursday, November 19th. Credit Suisse Group reissued a “buy” rating and issued a $620.00 target price on shares of NVIDIA in a research note on Tuesday, September 15th. Finally, Zacks Investment Research raised shares of NVIDIA from a “hold” rating to a “buy” rating and set a $567.00 price target for the company in a research report on Tuesday, October 20th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $545.84.
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 gaming; 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 EGX for accelerated AI computing at the edge.
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