Monograph Wealth Advisors LLC acquired a new stake in NVIDIA Co. (NASDAQ:NVDA – Get Rating) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,031 shares of the computer hardware maker’s stock, valued at approximately $2,950,000. NVIDIA comprises about 0.7% of Monograph Wealth Advisors LLC’s portfolio, making the stock its 17th biggest position.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Disciplined Investments LLC bought a new stake in NVIDIA in the 4th quarter valued at $25,000. Advanced Research Investment Solutions LLC bought a new stake in NVIDIA in the 4th quarter valued at $29,000. Charter Oak Capital Management LLC lifted its position in NVIDIA by 400.0% in the 4th quarter. Charter Oak Capital Management LLC now owns 130 shares of the computer hardware maker’s stock valued at $38,000 after acquiring an additional 104 shares in the last quarter. Leverty Financial Group LLC bought a new stake in NVIDIA in the 4th quarter valued at $41,000. Finally, Dixon Hughes Goodman Wealth Advisors LLC bought a new stake in NVIDIA in the 4th quarter valued at $44,000. 55.19% of the stock is currently owned by institutional investors.
Several brokerages have issued reports on NVDA. Zacks Investment Research lowered shares of NVIDIA from a “buy” rating to a “hold” rating and set a $229.00 price target on the stock. in a research note on Tuesday, April 19th. StockNews.com began coverage on shares of NVIDIA in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. The Goldman Sachs Group began coverage on shares of NVIDIA in a research note on Monday, March 7th. They issued a “neutral” rating and a $245.00 price target on the stock. Credit Suisse Group reiterated a “buy” rating and issued a $400.00 price target on shares of NVIDIA in a research note on Friday, March 18th. Finally, Barclays lowered their price target on shares of NVIDIA from $350.00 to $295.00 and set an “overweight” rating on the stock in a research note on Monday, April 25th. Eight equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $324.82.
Shares of NASDAQ NVDA opened at $177.06 on Friday. The stock has a market capitalization of $515.73 billion, a PE ratio of 46.02, a P/E/G ratio of 2.10 and a beta of 1.59. The company has a debt-to-equity ratio of 0.41, a current ratio of 6.65 and a quick ratio of 6.05. The business has a fifty day moving average price of $224.97 and a two-hundred day moving average price of $257.53. NVIDIA Co. has a fifty-two week low of $135.43 and a fifty-two week high of $346.47.
NVIDIA (NASDAQ:NVDA – Get Rating) last announced its quarterly earnings data on Wednesday, February 16th. The computer hardware maker reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.13. NVIDIA had a return on equity of 42.99% and a net margin of 36.24%. The firm had revenue of $7.64 billion during the quarter, compared to analysts’ expectations of $7.43 billion. During the same period in the previous year, the firm earned $0.64 EPS. The company’s quarterly revenue was up 52.8% compared to the same quarter last year. On average, equities analysts expect that NVIDIA Co. will post 4.71 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 24th. Stockholders of record on Thursday, March 3rd were paid a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, March 2nd. This represents a $0.16 annualized dividend and a dividend yield of 0.09%. NVIDIA’s payout ratio is 4.16%.
About NVIDIA (Get Rating)
NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.
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