Teacher Retirement System of Texas lessened its holdings in NVIDIA Co. (NASDAQ:NVDA) by 11.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 199,005 shares of the computer hardware maker’s stock after selling 25,681 shares during the period. Teacher Retirement System of Texas’ holdings in NVIDIA were worth $26,567,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. TD Capital Management LLC purchased a new position in shares of NVIDIA in the 4th quarter valued at about $27,000. Capital Financial Planning LLC acquired a new stake in NVIDIA in the 4th quarter worth about $28,000. Clarfeld Financial Advisors LLC acquired a new stake in NVIDIA in the 4th quarter worth about $29,000. Trust Department MB Financial Bank N A acquired a new stake in NVIDIA in the 4th quarter worth about $31,000. Finally, IMS Capital Management acquired a new stake in NVIDIA in the 3rd quarter worth about $77,000. Hedge funds and other institutional investors own 69.81% of the company’s stock.
Several research firms recently issued reports on NVDA. Sanford C. Bernstein cut NVIDIA from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $250.00 to $175.00 in a report on Monday, February 11th. Royal Bank of Canada lowered their price objective on NVIDIA from $230.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, December 27th. BidaskClub cut NVIDIA from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Oppenheimer reiterated an “outperform” rating and issued a $250.00 price objective on shares of NVIDIA in a report on Wednesday, January 9th. Finally, Zacks Investment Research cut NVIDIA from a “hold” rating to a “sell” rating in a report on Wednesday, January 30th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty-six have assigned a buy rating to the stock. NVIDIA has a consensus rating of “Buy” and a consensus target price of $204.46.
NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, February 14th. The computer hardware maker reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.27. NVIDIA had a return on equity of 41.78% and a net margin of 35.35%. The firm had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the prior year, the firm posted $1.72 earnings per share. The firm’s quarterly revenue was down 24.3% on a year-over-year basis. As a group, equities research analysts forecast that NVIDIA Co. will post 4.46 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 1st were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date was Thursday, February 28th. NVIDIA’s dividend payout ratio is presently 10.54%.
In other NVIDIA news, CFO Colette Kress sold 14,092 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $183.33, for a total value of $2,583,486.36. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Debora Shoquist sold 5,823 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $185.00, for a total value of $1,077,255.00. Following the completion of the sale, the executive vice president now directly owns 171,783 shares in the company, valued at approximately $31,779,855. The disclosure for this sale can be found here. Insiders sold 20,029 shares of company stock worth $3,678,385 over the last quarter. 4.64% of the stock is currently owned by insiders.
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.
Read More: Day Trading – Risk Worth the Reward?
Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.