KBC Group NV Sells 52,644 Shares of NVIDIA Co. (NVDA)
KBC Group NV decreased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 18.0% during the 4th quarter, HoldingsChannel reports. The fund owned 239,514 shares of the computer hardware maker’s stock after selling 52,644 shares during the period. KBC Group NV’s holdings in NVIDIA were worth $46,346,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Welch Investments LLC acquired a new position in NVIDIA in the 3rd quarter worth $104,000. Country Trust Bank lifted its holdings in NVIDIA by 490.0% in the 4th quarter. Country Trust Bank now owns 590 shares of the computer hardware maker’s stock worth $114,000 after buying an additional 490 shares in the last quarter. Global Trust Asset Management LLC acquired a new position in NVIDIA in the 4th quarter worth $116,000. North Star Investment Management Corp. lifted its holdings in NVIDIA by 67.3% in the 4th quarter. North Star Investment Management Corp. now owns 634 shares of the computer hardware maker’s stock worth $123,000 after buying an additional 255 shares in the last quarter. Finally, JFS Wealth Advisors LLC lifted its holdings in NVIDIA by 156.3% in the 4th quarter. JFS Wealth Advisors LLC now owns 820 shares of the computer hardware maker’s stock worth $159,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 62.84% of the company’s stock.
Shares of NVIDIA Co. (NASDAQ:NVDA) opened at $232.08 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 7.42 and a current ratio of 8.26. NVIDIA Co. has a 1 year low of $95.17 and a 1 year high of $249.27. The firm has a market cap of $140,640.00, a PE ratio of 48.05, a P/E/G ratio of 4.83 and a beta of 1.43.
The firm also recently disclosed 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 dividend yield of 0.26%. The ex-dividend date of this dividend is Thursday, February 22nd. NVIDIA’s dividend payout ratio is presently 12.42%.
In related news, Director Dawn E. Hudson sold 15,000 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $213.44, for a total transaction of $3,201,600.00. Following the completion of the sale, the director now owns 46,868 shares of the company’s stock, valued at approximately $10,003,505.92. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Colette Kress sold 171 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $185.57, for a total transaction of $31,732.47. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,858 shares of company stock valued at $4,227,384. Insiders own 5.82% of the company’s stock.
A number of equities analysts have commented on NVDA shares. Needham & Company LLC boosted their price objective on shares of NVIDIA to $300.00 in a report on Friday. Vetr upgraded shares of NVIDIA from a “hold” rating to a “buy” rating and set a $203.56 price objective on the stock in a report on Wednesday, October 25th. Jefferies Group boosted their price objective on shares of NVIDIA from $180.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, October 23rd. B. Riley boosted their price objective on shares of NVIDIA from $200.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, November 6th. Finally, Citigroup reiterated a “buy” rating and issued a $240.00 price objective on shares of NVIDIA in a report on Friday, November 10th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. NVIDIA presently has a consensus rating of “Buy” and an average price target of $210.67.
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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