Coastwise Capital Group LLC raised its position in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 9.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 38,158 shares of the computer hardware maker’s stock after acquiring an additional 3,426 shares during the quarter. NVIDIA makes up 3.8% of Coastwise Capital Group LLC’s portfolio, making the stock its 4th biggest holding. Coastwise Capital Group LLC’s holdings in NVIDIA were worth $4,634,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of NVDA. Christopher J. Hasenberg Inc bought a new stake in NVIDIA during the third quarter valued at approximately $27,000. Quest Partners LLC purchased a new position in shares of NVIDIA during the 2nd quarter worth $27,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of NVIDIA during the 2nd quarter valued at $31,000. West Financial Advisors LLC purchased a new stake in shares of NVIDIA in the 3rd quarter worth $36,000. Finally, DHJJ Financial Advisors Ltd. raised its holdings in NVIDIA by 70.0% in the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker’s stock worth $41,000 after purchasing an additional 140 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at NVIDIA
In other news, CFO Colette Kress sold 66,670 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.40, for a total value of $9,027,118.00. Following the transaction, the chief financial officer now directly owns 3,351,572 shares in the company, valued at approximately $453,802,848.80. This represents a 1.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the sale, the director now owns 28,671,360 shares of the company’s stock, valued at $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,108,348 shares of company stock valued at $146,506,958 in the last quarter. 4.23% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Get Our Latest Report on NVIDIA
NVIDIA Stock Up 3.5 %
NASDAQ NVDA opened at $136.32 on Thursday. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 52 week low of $54.74 and a 52 week high of $153.13. The firm has a market capitalization of $3.34 trillion, a price-to-earnings ratio of 53.65, a PEG ratio of 2.43 and a beta of 1.64. The company has a fifty day moving average of $139.68 and a two-hundred day moving average of $128.82.
NVIDIA (NASDAQ:NVDA – Get Free Report) last released its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. The firm had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm’s revenue for the quarter was up 93.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.38 EPS. On average, analysts predict that NVIDIA Co. will post 2.78 earnings per share for the current year.
NVIDIA Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date of this dividend was Thursday, December 5th. NVIDIA’s payout ratio is currently 1.57%.
About NVIDIA
NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.
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