| Advantage Solutions Inc. (ADV) Q1 2025 Earnings Call Transcript |
Advantage Solutions Inc. (NASDAQ:ADV ) Q1 2025 Earnings Conference Call May 12, 2025 8:30 AM ET Company Participants Ruben Mella - Vice President, Investor Relations Dave Peacock - Chief Executive Officer Chris Growe - Chief Financial Officer Conference Call Participants Joseph Vafi - Canaccord William Reuter - Bank of America Faiza Alwy - Deutsche Bank Operator Greetings, and welcome to the Advantage Solutions First Quarter 2025 Earnings Call. At this time all participants are in a listen-only-mode. |
seekingalpha.com |
2025-05-12 15:21:28 |
Czytaj oryginał (ang.) |
| Advantage Solutions Inc. (ADV) Reports Q1 Loss, Misses Revenue Estimates |
Advantage Solutions Inc. (ADV) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of $0.06. This compares to loss of $0.16 per share a year ago. |
zacks.com |
2025-05-12 13:35:38 |
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| Advantage Solutions Reports First Quarter 2025 Results |
Supporting clients through a challenging operating environment Continuing to make progress on transformation initiatives that will streamline operations Management lowers guidance to reflect heightened market uncertainty ST. LOUIS, May 12, 2025 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (NASDAQ: ADV) (“Advantage,” “Advantage Solutions,” the “Company,” “we,” or “our”), a leading business solutions provider to consumer goods manufacturers and retailers, today reported financial results for the three months ended March 31, 2025. |
globenewswire.com |
2025-05-12 11:00:00 |
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| Advantage Solutions Announces Date for its First Quarter 2025 Financial Results and Conference Call |
ST. LOUIS, April 25, 2025 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (NASDAQ: ADV) announced today that it will release financial results for the first quarter at 7 a.m. EDT on May 12, 2025, followed by a conference call at 8:30 a.m. EDT on the same day. |
globenewswire.com |
2025-04-25 15:30:00 |
Czytaj oryginał (ang.) |
| New Strong Sell Stocks for April 25th |
ALVO, AMPY and ADV have been added to the Zacks Rank #5 (Strong Sell) List on April 25, 2025. |
zacks.com |
2025-04-25 11:36:10 |
Czytaj oryginał (ang.) |
| Press Ganey Acquires Hyperlift Logic to Strengthen Medicare Advantage Solutions |
CHICAGO--(BUSINESS WIRE)--Press Ganey, the leading provider of experience measurement, data analytics, and insights for health systems and health plans, today announced the acquisition of Hyperlift Logic, a pioneer in Stars performance analytics. This move marks the launch of Press Ganey's Stars Center of Excellence—a new initiative that combines the strengths of Hyperlift's advanced analytics with Press Ganey's member experience data, expertise, and AI-powered tools. Over 30 million Americans. |
businesswire.com |
2025-04-15 11:00:00 |
Czytaj oryginał (ang.) |
| New Strong Sell Stocks for March 19th |
AMCX, ACHC and ADV have been added to the Zacks Rank #5 (Strong Sell) List on March 19, 2025. |
zacks.com |
2025-03-19 10:51:08 |
Czytaj oryginał (ang.) |
| New Strong Sell Stocks for March 14th |
ATS, ADV and AKZOY have been added to the Zacks Rank #5 (Strong Sell) List on March 14, 2025. |
zacks.com |
2025-03-14 06:20:18 |
Czytaj oryginał (ang.) |
| Advantage Solutions Inc. (ADV) Q4 2024 Earnings Call Transcript |
Advantage Solutions Inc. (NASDAQ:ADV ) Q4 2024 Earnings Conference Call March 7, 2025 8:30 AM ET Company Participants Ruben Mella - Vice President, Investor Relations Dave Peacock - Chief Executive Officer Chris Growe - Chief Financial Officer Conference Call Participants Joseph Vafi - Canaccord Greg Parrish - Morgan Stanley Operator Greetings and welcome to the Advantage Solutions Fourth Quarter and Full-Year 2024 Earnings Call. At this time all participants are in a listen-only mode. |
seekingalpha.com |
2025-03-07 11:55:24 |
Czytaj oryginał (ang.) |
| Advantage Solutions Inc. (ADV) Lags Q4 Earnings and Revenue Estimates |
Advantage Solutions Inc. (ADV) came out with quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.06 per share a year ago. |
zacks.com |
2025-03-07 11:20:25 |
Czytaj oryginał (ang.) |
| Advantage Solutions names Dean General new Chief Operating Officer of Branded Services business segment |
ST. LOUIS, March 07, 2025 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (NASDAQ: ADV), a leading provider of business solutions to consumer goods manufacturers and retailers, today announced the appointment of Dean General as the new Chief Operating Officer of its Branded Services business unit effective March 24. General will join the company's executive leadership team. |
globenewswire.com |
2025-03-07 10:30:00 |
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| Advantage Solutions Reports Fourth Quarter and 2024 Results: Transformation Initiatives Continue to Strengthen the Company |
Delivered Adjusted EBITDA growth through strong execution and cost discipline Continued progress on the transformation to enhance capabilities and increase operating efficiencies Management expects growth in Revenues and Adjusted EBITDA in 2025 ST. LOUIS, March 07, 2025 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (NASDAQ: ADV) (“Advantage,” “Advantage Solutions,” the “Company,” “we,” or “our”), a leading business solutions provider to consumer goods manufacturers and retailers, today reported financial results for the three and 12 months ended Dec. 31, 2024. |
globenewswire.com |
2025-03-07 09:00:00 |
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| Advantage Solutions Announces Date for its Fourth Quarter and Full Year 2024 Financial Results and Conference Call |
ST. LOUIS, Feb. 21, 2025 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (NASDAQ: ADV) announced today that it will release financial results for the fourth quarter and full year at 7 a.m. ET on March 7, 2025, followed by a conference call at 8:30 a.m. |
globenewswire.com |
2025-02-21 12:00:00 |
Czytaj oryginał (ang.) |
| Advantage Solutions hires George Johnson as chief workforce operations officer |
Johnson brings a wealth of labor expertise to strengthen client service, enhance frontline teammate experience and drive workforce efficiency Johnson brings a wealth of labor expertise to strengthen client service, enhance frontline teammate experience and drive workforce efficiency |
globenewswire.com |
2024-12-30 18:00:00 |
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| Advantage Solutions named among Chief Marketer's 2025 Top Agencies of the Year |
Amp, an Advantage full-service, omnichannel marketing agency, also recognized as a top agency Amp, an Advantage full-service, omnichannel marketing agency, also recognized as a top agency |
globenewswire.com |
2024-12-19 17:42:00 |
Czytaj oryginał (ang.) |
| Advantage Solutions announces investments to donate 2.5 million meals through Feeding America and fund comprehensive support services for women through the Urban League of Metropolitan St. Louis |
Strategic partnerships aimed at enriching lives and enhancing community engagement through multiyear initiatives to address food security and economic mobility Strategic partnerships aimed at enriching lives and enhancing community engagement through multiyear initiatives to address food security and economic mobility |
globenewswire.com |
2024-11-18 15:00:00 |
Czytaj oryginał (ang.) |
| Advantage Solutions Inc. (ADV) Q3 2024 Earnings Call Transcript |
Advantage Solutions Inc. (NASDAQ:ADV ) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants Ruben Mella - Vice President, Investor Relations Dave Peacock - Chief Executive Officer Chris Growe - Chief Financial Officer Conference Call Participants Pallav Saini - Canaccord Greg Parrish - Morgan Stanley Faiza Alwy - Deutsche Bank Operator Greetings and welcome to the Advantage Solutions' Third Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode. |
seekingalpha.com |
2024-11-08 19:58:44 |
Czytaj oryginał (ang.) |
| Advantage Solutions Inc. (ADV) Misses Q3 Earnings Estimates |
Advantage Solutions Inc. (ADV) came out with quarterly earnings of $0.03 per share, missing the Zacks Consensus Estimate of $0.11 per share. This compares to loss of $0.07 per share a year ago. |
zacks.com |
2024-11-07 11:56:23 |
Czytaj oryginał (ang.) |
| Advantage Solutions Announces Date for its 3Q'24 Financial Results and Conference Call |
ST. LOUIS, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (NASDAQ: ADV) announced today that its third-quarter financial results will be released at 7 a.m. ET on November 7, 2024, followed by a conference call at 8:30 a.m. ET on the same day. |
globenewswire.com |
2024-10-25 18:47:00 |
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| Advantage Solutions to Participate in the Wells Fargo 7th Annual Consumer Conference |
ST. LOUIS, Sept. 06, 2024 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (NASDAQ: ADV) announced today that Chris Growe, Chief Financial Officer, will meet with investors at the Wells Fargo 7th Annual Consumer Conference in Dana Point, Calif., on September 18, 2024. Contact your Wells Fargo representative for more details about attending the conference and scheduling a meeting with Advantage Solutions. |
globenewswire.com |
2024-09-06 16:36:00 |
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| Advantage Solutions Inc. (ADV) Q2 2024 Earnings Call Transcript |
Start Time: 10:00 January 1, 0000 10:48 AM ET Advantage Solutions Inc. (NASDAQ:ADV ) Q2 2024 Earnings Conference Call August 09, 2024, 10:00 AM ET Company Participants Dave Peacock - CEO Chris Growe - CFO Sean Choksi - SVP, Strategy and M&A Ruben Mella - VP, IR Conference Call Participants Greg Parrish - Morgan Stanley Joseph Vafi - Canaccord Faiza Alwy - Deutsche Bank Tyler Pierce - BNP Paribas Operator Greetings, and welcome to the Advantage Solutions Second Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode. |
seekingalpha.com |
2024-08-11 13:23:01 |
Czytaj oryginał (ang.) |
| 3 Gamma Short-Squeeze Stocks That Could ‘Moon' Next Month |
Looking at short-squeeze stocks in this risk-off environment may seem a little crazy to most investors. Indeed, I agree with you. |
investorplace.com |
2024-08-08 17:15:07 |
Czytaj oryginał (ang.) |
| Advantage Solutions Inc. (ADV) Reports Q2 Loss, Misses Revenue Estimates |
Advantage Solutions Inc. (ADV) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of $0.10. This compares to loss of $0.03 per share a year ago. |
zacks.com |
2024-08-07 14:02:30 |
Czytaj oryginał (ang.) |
| Advantage Solutions Receives Amazon's Inaugural Gold Tier Award, Reflecting Excellence in Omnicommerce Performance |
Award affirms Advantage's role as a market leader in comprehensive e-commerce solutions, with full-service Amazon capabilities to drive exceptional growth for brands Award affirms Advantage's role as a market leader in comprehensive e-commerce solutions, with full-service Amazon capabilities to drive exceptional growth for brands |
globenewswire.com |
2024-08-06 12:00:00 |
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| Genpact and Advantage Solutions to Expand Collaboration to Boost Finance and Supply Chain Efficiencies for CPG and Retail Sectors |
Joint clients to benefit from integrated data, technology, gen AI and streamlined processes aimed at enhancing efficiency and competitive advantage NEW YORK , Aug. 5, 2024 /PRNewswire/ -- Genpact (NYSE: G), a global professional services and solutions firm delivering outcomes that shape the future, today announced its intention to expand its strategic alliance with Advantage Solutions (NASDAQ: ADV), a premier provider of business solutions to consumer goods companies and retailers, to address finance and supply chain challenges in the consumer packaged goods (CPG) and retail sectors. The new collaboration between Genpact and Advantage Solutions is expected to address order-to-cash and supply chain management inefficiencies, including deductions leakage, poor recovery of invalid claims, manual customer service operations, as well as inefficient supply chain planning, logistics and fulfillment. |
prnewswire.com |
2024-08-05 12:05:00 |
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| Curreen Capital's Top 5% Positions: Where I Am Finding The Most Value |
Advantage Solutions currently trades at an attractive upside-to-downside ratio. Credit Acceptance's management allocates free cash flow to growing the business and repurchasing shares at attractive prices. Enhabit has historically earned high returns on capital and grew both organically and through acquisitions. |
seekingalpha.com |
2024-07-28 02:30:00 |
Czytaj oryginał (ang.) |
| Advantage Solutions Announces Date for its 2Q'24 Financial Results and Conference Call |
Management also plans to participate in the Canaccord Genuity Growth Conference Management also plans to participate in the Canaccord Genuity Growth Conference |
globenewswire.com |
2024-07-26 14:00:00 |
Czytaj oryginał (ang.) |
| 7 Short Squeeze Stocks to Look Into for Your Portfolio |
In 2021, a trader with a large Reddit following induced a massive rally in shares of GameStop Corp. NYSE: GME. The downtrodden gaming retailer was the most shorted stock in the entire market in January 2021, but the retail buying frenzy triggered a massive run-up in price as hedge funds were forced to cover their short positions to prevent huge losses. |
marketbeat.com |
2024-06-27 13:00:19 |
Czytaj oryginał (ang.) |
| New Strong Sell Stocks for June 24th |
ADV, ALNT and CRMT have been added to the Zacks Rank #5 (Strong Sell) List on June 24, 2024. |
zacks.com |
2024-06-24 11:45:17 |
Czytaj oryginał (ang.) |
| Advantage Solutions to sell digital advertising platform Jun Group for $185 million |
ST. LOUIS, June 18, 2024 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (NASDAQ: ADV), a leading business solutions provider to consumer goods manufacturers and retailers, today announced it has entered into an agreement to sell its digital advertising platform Jun Group to Verve Group SE, a Swedish digital advertising company formerly known as Media and Games Invest SE. |
globenewswire.com |
2024-06-18 15:55:00 |
Czytaj oryginał (ang.) |
| Notes from the Desk: All Aboard the MBS Train |
The agency MBS sector has emerged as one of the best relative valuation opportunities in the fixed income market over the past year. Given the stabilization in yields after the May FOMC meeting and the recent cooling of economic data, we believe agency MBS outperformance could continue. Mortgaged-backed securities (MBS) are bonds backed by both the principal and interest cash flows of underlying mortgages, which are pooled and repackaged into interest-bearing bonds through a process called securitization. The mortgage cash flows are passed through to the holders of those bonds. MBS can be backed by both residential and commercial real estate mortgages that are issued either by a housing agency – Fannie Mae (FNMA), Freddie Mac (FHLMC), or Ginnie Mae (GNMA) – or private financial institutions, commonly referred to as non-agency. The MBS market is one of the largest and most liquid global asset classes, with more than $12 trillion of securities outstanding and over $300 billion in average daily trading volume. For this Notes from the Desk, we will be focusing on agency-issued residential mortgages. One of the features of agency MBS is that they have a government-backed credit guarantee from one of the housing agencies. While these agencies aren’t owned by the federal government, they are often seen as backed by it. Thus, agency MBS are not considered to carry any credit risk. However, this doesn’t mean agency MBS are risk-free; there are three key risks associated with these bonds. First, prepayment risk is the possibility that mortgages within an MBS pool are prematurely paid back, which is detrimental to a bondholder as they would have lower future interest payments from the underlying home loans. The duration, or interest rate sensitivity, of an agency MBS would then get smaller as interest rates fall, and vice versa when yields rise, which results in MBS having negative convexity. The second key risk has emerged only in the quantitative easing era. As the Federal Reserve has been a large player in the MBS market, changing expectations around the Fed’s balance sheet policy has been a driver of MBS spreads. Third, US commercial banks are some of the largest buyers of MBS historically, and the regional banking crisis in 2023 has resulted in less demand for MBS, which has kept spreads elevated. The chart below shows the current coupon MBS spread versus BBB corporate bonds. Despite having no credit risk, MBS are trading at a discount to the lower end of the investment grade corporate bond quality segment. We continue to believe that the current valuation of agency MBS offers an opportunity to pick up a yield spread without taking on credit risk. As nearly 80% of mortgages have a rate below 5%, prepayment risk should not emerge as a key risk in the near term. Additionally, the FOMC has started to reduce the pace at which it is shrinking its balance sheet, which is a positive signal for MBS. Finally, the risk emanating from commercial banks should decrease as interest rates stabilize at or lower than current levels. The FOMC has all but ruled out interest rate hikes this year despite stronger-than-expected inflation in the first quarter, so the distribution of outcomes for interest rates remains skewed to the downside. Since rate volatility decreased after the May FOMC meeting and recent data fell short of expectations, the agency MBS market has responded accordingly, with excess returns over treasuries reaching a six-month high. This trend may continue, as agency MBS valuations remain attractive. For more news, information, and analysis, visit the ETF Strategist Channel. Disclosures: This is for informational purposes only and is not intended as investment advice or an offer or solicitation with respect to the purchase or sale of any security, strategy or investment product. Although the statements of fact, information, charts, analysis and data in this report have been obtained from, and are based upon, sources Sage believes to be reliable, we do not guarantee their accuracy, and the underlying information, data, figures and publicly available information has not been verified or audited for accuracy or completeness by Sage. Additionally, we do not represent that the information, data, analysis and charts are accurate or complete, and as such should not be relied upon as such. All results included in this report constitute Sage’s opinions as of the date of this report and are subject to change without notice due to various factors, such as market conditions. Investors should make their own decisions on investment strategies based on their specific investment objectives and financial circumstances. All investments contain risk and may lose value. Past performance is not a guarantee of future results. Sage Advisory Services, Ltd. Co. is a registered investment adviser that provides investment management services for a variety of institutions and high net worth individuals. For additional information on Sage and its investment management services, please view our web site at sageadvisory.com, or refer to our Form ADV, which is available upon request by calling 512.327.5530. |
https://www.etftrends.com |
2024-05-20 15:51:56 |
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| First United Bank & Trust Purchases 117 Shares of NVIDIA Co. (NASDAQ:NVDA) |
First United Bank & Trust raised its holdings in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,150 shares of the computer hardware maker’s stock after purchasing an additional 117 shares during the quarter. First United Bank & Trust’s holdings in NVIDIA were worth $2,055,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors also recently modified their holdings of NVDA. Sycomore Asset Management boosted its position in NVIDIA by 1.6% in the third quarter. Sycomore Asset Management now owns 69,222 shares of the computer hardware maker’s stock valued at $28,803,000 after buying an additional 1,102 shares in the last quarter. Arbor Capital Management Inc. ADV lifted its stake in shares of NVIDIA by 9.0% in the 3rd quarter. Arbor Capital Management Inc. ADV now owns 570 shares of the computer hardware maker’s stock valued at $238,000 after acquiring an additional 47 shares during the last quarter. Dubuque Bank & Trust Co boosted its holdings in shares of NVIDIA by 80.5% during the 3rd quarter. Dubuque Bank & Trust Co now owns 1,769 shares of the computer hardware maker’s stock valued at $769,000 after acquiring an additional 789 shares in the last quarter. Brady Family Wealth LLC grew its position in NVIDIA by 3.6% during the 3rd quarter. Brady Family Wealth LLC now owns 2,487 shares of the computer hardware maker’s stock worth $1,082,000 after acquiring an additional 86 shares during the last quarter. Finally, ING Groep NV increased its holdings in NVIDIA by 28.8% in the 3rd quarter. ING Groep NV now owns 1,322,475 shares of the computer hardware maker’s stock worth $575,263,000 after purchasing an additional 295,618 shares in the last quarter. Institutional investors own 65.27% of the company’s stock. Insider Buying and Selling at NVIDIA In other news, Director Mark A. Stevens sold 22,700 shares of NVIDIA stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the transaction, the director now owns 1,052,133 shares in the company, valued at $925,845,476.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the sale, the director now owns 1,052,133 shares of the company’s stock, valued at approximately $925,845,476.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the transaction, the director now directly owns 1,124,583 shares of the company’s stock, valued at approximately $896,933,663.31. The disclosure for this sale can be found here. Insiders have sold a total of 61,278 shares of company stock valued at $52,689,898 over the last three months. 4.23% of the stock is currently owned by insiders. Wall Street Analyst Weigh In Several analysts have recently weighed in on NVDA shares. Susquehanna restated a “positive” rating and set a $1,050.00 price target on shares of NVIDIA in a report on Thursday, April 4th. Loop Capital started coverage on shares of NVIDIA in a report on Friday, February 16th. They set a “buy” rating and a $1,200.00 target price on the stock. Wolfe Research raised their price target on shares of NVIDIA from $630.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. TD Cowen upped their target price on NVIDIA from $900.00 to $1,100.00 and gave the company an “outperform” rating in a report on Thursday, March 21st. Finally, Evercore ISI assumed coverage on NVIDIA in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $1,160.00 price objective for the company. Four analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and an average price target of $966.55. Read Our Latest Stock Analysis on NVIDIA NVIDIA Stock Performance Shares of NVDA stock opened at $924.79 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17. The firm has a market cap of $2.27 trillion, a price-to-earnings ratio of 77.45, a P/E/G ratio of 1.31 and a beta of 1.75. NVIDIA Co. has a 52 week low of $298.06 and a 52 week high of $974.00. The firm’s 50-day simple moving average is $882.98 and its two-hundred day simple moving average is $687.42. NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, beating the consensus estimate of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The business had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. During the same quarter in the prior year, the business earned $0.65 earnings per share. NVIDIA’s revenue for the quarter was up 265.3% on a year-over-year basis. As a group, equities analysts forecast that NVIDIA Co. will post 22.9 earnings per share for the current year. NVIDIA Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA’s dividend payout ratio is currently 1.34%. NVIDIA Profile (Free Report) NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The 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; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications. |
https://www.defenseworld.net |
2024-05-20 14:18:46 |
Czytaj oryginał (ang.) |
| Pinnacle Wealth Planning Services Inc. Trims Position in NVIDIA Co. (NASDAQ:NVDA) |
Pinnacle Wealth Planning Services Inc. decreased its position in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 25.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,847 shares of the computer hardware maker’s stock after selling 4,959 shares during the quarter. NVIDIA makes up 1.1% of Pinnacle Wealth Planning Services Inc.’s holdings, making the stock its 13th largest holding. Pinnacle Wealth Planning Services Inc.’s holdings in NVIDIA were worth $7,353,000 at the end of the most recent quarter. Other hedge funds also recently bought and sold shares of the company. Sycomore Asset Management raised its position in shares of NVIDIA by 1.6% during the third quarter. Sycomore Asset Management now owns 69,222 shares of the computer hardware maker’s stock valued at $28,803,000 after buying an additional 1,102 shares during the last quarter. Arbor Capital Management Inc. ADV increased its holdings in NVIDIA by 9.0% in the 3rd quarter. Arbor Capital Management Inc. ADV now owns 570 shares of the computer hardware maker’s stock valued at $238,000 after acquiring an additional 47 shares during the last quarter. Dubuque Bank & Trust Co lifted its stake in NVIDIA by 80.5% in the 3rd quarter. Dubuque Bank & Trust Co now owns 1,769 shares of the computer hardware maker’s stock worth $769,000 after purchasing an additional 789 shares in the last quarter. Brady Family Wealth LLC boosted its holdings in shares of NVIDIA by 3.6% during the 3rd quarter. Brady Family Wealth LLC now owns 2,487 shares of the computer hardware maker’s stock valued at $1,082,000 after purchasing an additional 86 shares during the last quarter. Finally, ING Groep NV grew its position in shares of NVIDIA by 28.8% during the third quarter. ING Groep NV now owns 1,322,475 shares of the computer hardware maker’s stock valued at $575,263,000 after purchasing an additional 295,618 shares in the last quarter. Institutional investors own 65.27% of the company’s stock. Insider Buying and Selling at NVIDIA In other news, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the completion of the sale, the director now owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the transaction, the director now directly owns 1,124,583 shares of the company’s stock, valued at approximately $896,933,663.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mark A. Stevens sold 12,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $853.54, for a total value of $10,242,480.00. Following the completion of the sale, the director now directly owns 1,107,583 shares of the company’s stock, valued at approximately $945,366,393.82. The disclosure for this sale can be found here. Insiders sold a total of 61,278 shares of company stock worth $52,689,898 over the last three months. Corporate insiders own 4.23% of the company’s stock. NVIDIA Stock Performance Shares of NASDAQ:NVDA opened at $924.79 on Monday. The firm has a 50 day moving average of $882.98 and a 200 day moving average of $687.42. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $2.27 trillion, a price-to-earnings ratio of 77.45, a price-to-earnings-growth ratio of 1.31 and a beta of 1.75. NVIDIA Co. has a 52 week low of $298.06 and a 52 week high of $974.00. NVIDIA (NASDAQ:NVDA – Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $20.40 billion. During the same period in the prior year, the business posted $0.65 EPS. The firm’s quarterly revenue was up 265.3% on a year-over-year basis. On average, sell-side analysts predict that NVIDIA Co. will post 22.9 earnings per share for the current fiscal year. NVIDIA Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were paid a dividend of $0.04 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. NVIDIA’s dividend payout ratio (DPR) is presently 1.34%. Analyst Upgrades and Downgrades A number of equities research analysts recently commented on NVDA shares. The Goldman Sachs Group increased their price target on NVIDIA from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Loop Capital started coverage on NVIDIA in a research report on Friday, February 16th. They set a “buy” rating and a $1,200.00 target price for the company. Sanford C. Bernstein boosted their price target on shares of NVIDIA from $700.00 to $1,000.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. Susquehanna reiterated a “positive” rating and set a $1,050.00 price objective on shares of NVIDIA in a research report on Thursday, April 4th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $910.00 target price on shares of NVIDIA in a report on Wednesday, March 20th. Four analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $966.55. Check Out Our Latest Analysis on NVIDIA NVIDIA Profile (Free Report) NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The 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; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications. See Also Five stocks we like better than NVIDIA Why Invest in Biotech Stocks Canada Goose Flies Higher Driven By DTC Growth Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness CVS Health Stock Has a Silver Lining Called Value What is Put Option Volume? Magnificent 7 Still Magnificent as the Halfway Mark Approaches? |
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