Atwater Malick LLC purchased a new position in NVIDIA Co. (NASDAQ:NVDA) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,167 shares of the computer hardware maker’s stock, valued at approximately $242,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Regency Capital Management Inc. DE bought a new position in NVIDIA in the first quarter worth about $43,000. Perkins Coie Trust Co lifted its holdings in NVIDIA by 790.0% in the second quarter. Perkins Coie Trust Co now owns 89 shares of the computer hardware maker’s stock worth $71,000 after acquiring an additional 79 shares during the last quarter. Paragon Wealth Strategies LLC bought a new position in NVIDIA in the second quarter worth about $75,000. First PREMIER Bank bought a new position in NVIDIA in the second quarter worth about $80,000. Finally, Marquette Asset Management LLC lifted its holdings in NVIDIA by 300.0% in the third quarter. Marquette Asset Management LLC now owns 120 shares of the computer hardware maker’s stock worth $25,000 after acquiring an additional 90 shares during the last quarter. 19.24% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have issued reports on NVDA. Summit Insights raised shares of NVIDIA from a “sell” rating to a “buy” rating in a report on Friday, October 22nd. Mizuho raised their target price on shares of NVIDIA from $235.00 to $335.00 and gave the stock a “buy” rating in a report on Thursday, November 18th. Wells Fargo & Company lifted their price target on NVIDIA from $245.00 to $320.00 and gave the company an “overweight” rating in a report on Thursday, November 4th. Rosenblatt Securities lifted their price target on NVIDIA from $250.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, August 19th. Finally, Jefferies Financial Group lifted their price target on NVIDIA from $260.00 to $370.00 and gave the company a “buy” rating in a report on Thursday, November 18th. Three research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, NVIDIA has an average rating of “Buy” and a consensus price target of $326.78.
NVIDIA stock traded up $9.28 during mid-day trading on Thursday, hitting $326.74. The company’s stock had a trading volume of 43,469,906 shares, compared to its average volume of 34,447,004. The company has a quick ratio of 5.33, a current ratio of 5.80 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $814.24 billion, a P/E ratio of 116.48, a P/E/G ratio of 4.45 and a beta of 1.46. NVIDIA Co. has a twelve month low of $115.67 and a twelve month high of $346.47. The stock’s fifty day moving average price is $248.30 and its two-hundred day moving average price is $210.84.
NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, November 17th. The computer hardware maker reported $1.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.06. NVIDIA had a net margin of 32.33% and a return on equity of 40.88%. During the same period last year, the business earned $0.60 EPS. Equities analysts expect that NVIDIA Co. will post 3.49 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 23rd. Shareholders of record on Thursday, December 2nd will be given a $0.04 dividend. The ex-dividend date is Wednesday, December 1st. This represents a $0.16 annualized dividend and a yield of 0.05%. NVIDIA’s dividend payout ratio (DPR) is 5.70%.
NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment comprises of product brands, which aims 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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