Gulf International Bank UK Ltd Raises Position in NVIDIA Co. (NVDA)
Gulf International Bank UK Ltd increased its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 135,756 shares of the computer hardware maker’s stock after purchasing an additional 1,290 shares during the quarter. Gulf International Bank UK Ltd’s holdings in NVIDIA were worth $24,376,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently modified their holdings of NVDA. Oregon Public Employees Retirement Fund boosted its stake in NVIDIA by 8,687.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,509,787 shares of the computer hardware maker’s stock worth $161,000 after buying an additional 21,265,009 shares during the last quarter. Norges Bank acquired a new position in shares of NVIDIA in the 4th quarter valued at $737,230,000. Parnassus Investments CA acquired a new position in shares of NVIDIA in the 4th quarter valued at $394,670,000. Vanguard Group Inc lifted its stake in shares of NVIDIA by 4.0% in the 3rd quarter. Vanguard Group Inc now owns 44,464,641 shares of the computer hardware maker’s stock valued at $12,495,455,000 after purchasing an additional 1,693,736 shares during the last quarter. Finally, Swedbank lifted its stake in shares of NVIDIA by 50.4% in the 4th quarter. Swedbank now owns 2,547,600 shares of the computer hardware maker’s stock valued at $340,487,000 after purchasing an additional 854,050 shares during the last quarter. Hedge funds and other institutional investors own 69.81% of the company’s stock.
NVDA opened at $186.30 on Friday. NVIDIA Co. has a 12-month low of $124.46 and a 12-month high of $292.76. The company has a current ratio of 7.94, a quick ratio of 6.76 and a debt-to-equity ratio of 0.21. The stock has a market cap of $113.36 billion, a P/E ratio of 30.69, a PEG ratio of 4.46 and a beta of 1.90.
The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 1st were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.34%. The ex-dividend date of this dividend was Thursday, February 28th. NVIDIA’s payout ratio is 10.54%.
In other NVIDIA news, CFO Colette Kress sold 14,092 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $183.33, for a total transaction of $2,583,486.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Debora Shoquist sold 5,823 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $185.00, for a total value of $1,077,255.00. Following the sale, the executive vice president now owns 171,783 shares in the company, valued at approximately $31,779,855. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,029 shares of company stock worth $3,678,385. 4.70% of the stock is owned by corporate insiders.
NVDA has been the topic of several recent analyst reports. Evercore ISI decreased their price target on NVIDIA from $325.00 to $275.00 and set an “outperform” rating on the stock in a research note on Monday, January 14th. BidaskClub raised NVIDIA from a “sell” rating to a “hold” rating in a research note on Tuesday, January 15th. Piper Jaffray Companies initiated coverage on NVIDIA in a research note on Tuesday, March 26th. They issued an “overweight” rating and a $200.00 price target on the stock. Royal Bank of Canada decreased their price target on NVIDIA from $230.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, December 27th. Finally, Craig Hallum initiated coverage on NVIDIA in a research note on Thursday, March 14th. They issued a “hold” rating on the stock. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty-six have given a buy rating to the company’s stock. NVIDIA has a consensus rating of “Buy” and a consensus target price of $204.46.
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NVIDIA Company Profile
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 game-streaming service; 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 cryptocurrency-specific graphics processing units.
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