NVIDIA Corporation $NVDA Shares Sold by HWG Holdings LP

HWG Holdings LP trimmed its stake in NVIDIA Corporation (NASDAQ:NVDAFree Report) by 2.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 134,555 shares of the computer hardware maker’s stock after selling 3,923 shares during the period. NVIDIA comprises 6.1% of HWG Holdings LP’s investment portfolio, making the stock its 5th biggest holding. HWG Holdings LP’s holdings in NVIDIA were worth $25,095,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in NVDA. Norges Bank acquired a new position in NVIDIA during the second quarter worth $51,386,863,000. Capital Research Global Investors grew its stake in shares of NVIDIA by 16.1% in the third quarter. Capital Research Global Investors now owns 165,377,852 shares of the computer hardware maker’s stock valued at $30,855,564,000 after buying an additional 22,896,705 shares in the last quarter. Laurel Wealth Advisors LLC raised its holdings in shares of NVIDIA by 15,496.1% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 21,865,525 shares of the computer hardware maker’s stock valued at $3,454,534,000 after buying an additional 21,725,326 shares during the period. Danske Bank A S purchased a new stake in shares of NVIDIA in the 3rd quarter valued at $3,180,313,000. Finally, Massachusetts Financial Services Co. MA lifted its stake in NVIDIA by 25.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 71,720,593 shares of the computer hardware maker’s stock worth $13,381,628,000 after acquiring an additional 14,358,048 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

Analysts Set New Price Targets

NVDA has been the subject of several research reports. TD Cowen reaffirmed a “buy” rating and issued a $235.00 target price on shares of NVIDIA in a research report on Tuesday, March 17th. Tigress Financial reissued a “strong-buy” rating and set a $360.00 price target (up from $350.00) on shares of NVIDIA in a research report on Thursday, March 5th. Needham & Company LLC reissued a “buy” rating and issued a $240.00 price objective on shares of NVIDIA in a research note on Wednesday, March 18th. Wall Street Zen upgraded shares of NVIDIA from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Finally, Itau BBA Securities reaffirmed a “market perform” rating on shares of NVIDIA in a research note on Thursday, February 26th. Four analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $275.95.

Check Out Our Latest Report on NVDA

Insider Buying and Selling at NVIDIA

In other news, Director John Dabiri sold 3,004 shares of NVIDIA stock in a transaction on Friday, March 13th. The shares were sold at an average price of $184.90, for a total transaction of $555,439.60. Following the completion of the sale, the director directly owned 14,788 shares of the company’s stock, valued at approximately $2,734,301.20. The trade was a 16.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Aarti S. Shah sold 19,000 shares of the business’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $176.71, for a total transaction of $3,357,490.00. Following the transaction, the director owned 36,007 shares of the company’s stock, valued at approximately $6,362,796.97. The trade was a 34.54% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 1,401,616 shares of company stock worth $253,555,407. 4.17% of the stock is currently owned by company insiders.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $174.34 on Wednesday. The business has a 50-day simple moving average of $182.92 and a 200-day simple moving average of $184.28. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.24 and a current ratio of 3.91. NVIDIA Corporation has a one year low of $86.62 and a one year high of $212.19. The company has a market cap of $4.24 trillion, a PE ratio of 35.58, a P/E/G ratio of 0.55 and a beta of 2.33.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.08. NVIDIA had a net margin of 55.60% and a return on equity of 97.37%. The firm had revenue of $68.13 billion for the quarter, compared to analysts’ expectations of $65.56 billion. During the same quarter last year, the company earned $0.89 earnings per share. The firm’s revenue was up 73.2% compared to the same quarter last year. On average, equities research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date is Wednesday, March 11th. NVIDIA’s dividend payout ratio (DPR) is presently 0.82%.

About NVIDIA

(Free Report)

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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