Fortis Group Advisors LLC Purchases 477 Shares of NVIDIA Co. (NASDAQ:NVDA)
Desperate times call for desperate measures. President Biden has pardoned his son out of the love that a father has for his son. In the political turmoil of the recent past, what harm is it that Hunter Biden is pardoned? President-elect Trump has pardoned many of his political friends to reward their loyalty. Presidents have done this religiously in the past, why not President Biden pardoning his son? It may seem narrow-minded that one can condone events or acts that please them, at the same time chastising the events or acts that they do not agree with. Opposite opinions will always be in our being, that is human. Do we execute the vanquished 50% of our population as was done in biblical times? If so, there will be little left of us to carry on. The glass that is half empty is the same glass that is half full. The glass is full of Americans. Ed LeGendre East side Disclaimer: As submitted to the Arizona Daily Star. Follow these steps to easily submit a letter to the editor or guest opinion to the Arizona Daily Star. Respond: Write a letter to the editor | Write a guest opinion Subscribe to stay connected to Tucson. A subscription helps you access more of the local stories that keep you connected to the community. Catch the latest in Opinion Get opinion pieces, letters and editorials sent directly to your inbox weekly!Flagship Harbor Advisors LLC bought a new position in shares of NVIDIA Co. ( NASDAQ:NVDA – Free Report ) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 383,879 shares of the computer hardware maker’s stock, valued at approximately $46,618,000. NVIDIA accounts for about 2.6% of Flagship Harbor Advisors LLC’s investment portfolio, making the stock its 4th biggest position. A number of other hedge funds have also added to or reduced their stakes in the company. Mattern Wealth Management LLC increased its stake in NVIDIA by 6.6% in the third quarter. Mattern Wealth Management LLC now owns 33,265 shares of the computer hardware maker’s stock valued at $4,040,000 after acquiring an additional 2,045 shares during the last quarter. Rodgers & Associates LTD increased its stake in NVIDIA by 1.9% in the third quarter. Rodgers & Associates LTD now owns 11,555 shares of the computer hardware maker’s stock valued at $1,403,000 after acquiring an additional 220 shares during the last quarter. Sky Investment Group LLC increased its stake in NVIDIA by 0.4% in the third quarter. Sky Investment Group LLC now owns 289,558 shares of the computer hardware maker’s stock valued at $35,164,000 after acquiring an additional 1,093 shares during the last quarter. Traphagen Investment Advisors LLC increased its stake in NVIDIA by 2.8% in the third quarter. Traphagen Investment Advisors LLC now owns 31,577 shares of the computer hardware maker’s stock valued at $3,835,000 after acquiring an additional 860 shares during the last quarter. Finally, Home Federal Bank of Tennessee increased its stake in NVIDIA by 24.5% in the third quarter. Home Federal Bank of Tennessee now owns 3,050 shares of the computer hardware maker’s stock valued at $370,000 after acquiring an additional 600 shares during the last quarter. 65.27% of the stock is owned by institutional investors. NVIDIA Trading Up 2.2 % NVDA opened at $138.25 on Friday. NVIDIA Co. has a 1-year low of $45.01 and a 1-year high of $152.89. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The company has a market cap of $3.39 trillion, a P/E ratio of 54.41, a price-to-earnings-growth ratio of 2.45 and a beta of 1.66. The company has a fifty day moving average price of $136.05 and a two-hundred day moving average price of $123.67. NVIDIA Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Thursday, December 5th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend is Thursday, December 5th. NVIDIA’s dividend payout ratio (DPR) is currently 1.57%. NVIDIA announced that its board has approved a stock repurchase program on Wednesday, August 28th that allows the company to buyback $50.00 billion in shares. This buyback authorization allows the computer hardware maker to repurchase up to 1.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued. Wall Street Analyst Weigh In NVDA has been the topic of a number of recent analyst reports. Evercore ISI lifted their price objective on shares of NVIDIA from $189.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. DA Davidson raised their target price on shares of NVIDIA from $90.00 to $135.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Mizuho raised their target price on shares of NVIDIA from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Benchmark raised their target price on shares of NVIDIA from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Truist Financial raised their target price on shares of NVIDIA from $148.00 to $167.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $164.15. View Our Latest Research Report on NVIDIA Insider Buying and Selling at NVIDIA In other news, CEO Jen Hsun Huang sold 120,000 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $107.44, for a total transaction of $12,892,800.00. Following the completion of the sale, the chief executive officer now directly owns 76,135,836 shares of the company’s stock, valued at $8,180,034,219.84. The trade was a 0.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link . Also, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $119.27, for a total transaction of $119,270,000.00. Following the sale, the director now directly owns 5,852,480 shares of the company’s stock, valued at approximately $698,025,289.60. The trade was a 14.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Over the last ninety days, insiders sold 2,036,986 shares of company stock valued at $240,602,399. Corporate insiders own 4.23% of the company’s stock. About NVIDIA ( 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. Recommended Stories Five stocks we like better than NVIDIA 3 Monster Growth Stocks to Buy Now The Latest 13F Filings Are In: See Where Big Money Is Flowing Procter & Gamble (NYSE:PG) Pulls Back After Shaky Guidance 3 Penny Stocks Ready to Break Out in 2025 Best Stocks Under $5.00 FMC, Mosaic, Nutrien: Top Agricultural Stocks With Big Potential 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 .
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) has been an excellent growth stock for long-term investors. The shares have soared more than 500% over the past decade, as earnings and revenue climbed into the billions of dollars. All this is due to Alphabet's dominance in something that most of us use every day -- internet search. Alphabet's Google has steadily held about 90% of that market over time, and this position, along with ongoing improvement in its capabilities and brand strength, make it a very difficult-to-unseat leader. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » All of this has helped the company build a booming advertising business. Advertisers, trying to reach us where they know they'll find us, rush to Google to promote their products and services. And today, advertising makes up the lion's share of Alpabet's revenue. For example, it represented about 75% in the most recent quarter. So the strength of Google Search is a reason to take a closer look at Alphabet. However, if you're an investor focused on growth, here's why you'll really want to buy this top stock now. Using artificial intelligence (AI) to make Google Search better First, before delving into this exciting source of growth, let's take a closer look at the Alphabet story so far. As mentioned, the company is known for its dominance in search, and the great news is this strength is likely to continue. Alphabet has been heavily investing in artificial intelligence (AI), something it is applying to its search platform to help users generate better results faster. For example, AI Overviews offers users a preview of a topic, including links to find out more, and Alphabet recently rolled it out in 100 new countries. The company's focus on AI also is helping advertisers in many ways. Alphabet's AI, powered by large language model Gemini, helps deliver ads to the most relevant audiences and is helping advertisers create better and potentially more successful campaigns. All of this suggests growth from the search business could not only continue, but even see a big boost as a better-than-ever Google Search attracts more and more users -- and prompts advertisers to spend more to reach them. For the moment, though, Google's advertising business has averaged about 11% revenue growth over the past three quarters. Of course, it's important to keep in mind that Alphabet's search business does face a risk. U.S. regulators recently presented closing arguments in an antitrust case against the tech giant. They're asking a federal judge to break up Google, which could include the sale of the Chrome web browser. It's impossible to predict with 100% certainty how this will turn out, but Alphabet clearly would appeal a potentially unfavorable decision -- a move that would push a new decision farther into the future. Beyond the possibility of a delay, another positive point for Alphabet investors is the idea that major tech breakup orders haven't happened easily in the past. For example, about 25 years ago, a federal appeals court overturned a breakup ruling concerning Microsoft . All of this makes me more optimistic than pessimistic about Alphabet's long-term prospects. A new phase of growth from this established player Now let's consider another Alphabet business -- one that has roared ahead when it comes to revenue power. And this is the business that will make you want to get in on this established company's new phase of growth. I'm talking about Google Cloud, Alphabet's cloud computing unit. The business generated a 35% increase in revenue in the recent quarter after already reporting a 29% revenue increase in the previous quarter. Google Cloud also is outpacing cloud rivals, such as the world's biggest cloud provider, Amazon Web Services (AWS), when it comes to growth. Amazon reported a 19% increase in AWS revenue in the recent quarter, and Microsoft 's Azure and other cloud services revenue gained 33%. Google Cloud's revenue topped $11 billion in the third quarter after revenue and operating income reached the major milestones of more than $10 billion and $1 billion, respectively, in the second quarter. And Google Cloud is showing strong profitability on sales, with an operating margin of 17%. There's reason to be optimistic about Google Cloud keeping up this momentum, as Alphabet's investments in AI have resulted in more and more AI products and services offered through the business. Alphabet says customers are using Google Cloud's AI in several different ways, such as harnessing AI infrastructure, like chips, or using the enterprise software platform to customize AI models. In the recent earnings report, Alphabet said this has helped Google Cloud win new customers and bigger deals and drive a 30% increase in product adoption among current customers. The AI market is forecast to grow from about $200 billion today to $1 trillion by the end of the decade, and Google Cloud is well positioned to benefit. On top of this, Alphabet shares trade for a bargain price, at about 21x forward earnings estimates . All of this means right now is a great time to invest in this top technology company -- for the new wave of growth that's getting started in the cloud business. Should you invest $1,000 in Alphabet right now? Before you buy stock in Alphabet, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Alphabet wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $829,378 !* Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than quadrupled the return of S&P 500 since 2002*. See the 10 stocks » *Stock Advisor returns as of November 25, 2024 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Adria Cimino has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet and Microsoft. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy . Advertising Revenue Powers Alphabet's Earnings, but Here's Why You'll Really Want to Buy the Stock Now was originally published by The Motley Fool
Nutanix ( NASDAQ:NTNX – Free Report ) had its price target hoisted by Piper Sandler from $77.00 to $83.00 in a report released on Wednesday, Benzinga reports. The firm currently has an overweight rating on the technology company’s stock. NTNX has been the subject of a number of other research reports. Barclays upped their price objective on shares of Nutanix from $75.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday. JPMorgan Chase & Co. raised their price target on shares of Nutanix from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. Oppenheimer began coverage on Nutanix in a report on Wednesday, November 13th. They issued an “outperform” rating and a $80.00 price objective on the stock. Royal Bank of Canada increased their price objective on Nutanix from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Finally, Raymond James lifted their target price on Nutanix from $76.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $78.86. Get Our Latest Research Report on NTNX Nutanix Price Performance Nutanix ( NASDAQ:NTNX – Get Free Report ) last issued its earnings results on Wednesday, August 28th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.02. Nutanix had a negative return on equity of 12.43% and a negative net margin of 3.54%. The company had revenue of $547.95 million during the quarter, compared to analysts’ expectations of $537.12 million. On average, equities research analysts expect that Nutanix will post 0.31 EPS for the current year. Insider Activity at Nutanix In related news, COO David Sangster sold 11,950 shares of Nutanix stock in a transaction on Monday, September 16th. The stock was sold at an average price of $59.83, for a total value of $714,968.50. Following the completion of the transaction, the chief operating officer now directly owns 123,868 shares in the company, valued at approximately $7,411,022.44. This trade represents a 8.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink . Also, CFO Rukmini Sivaraman sold 24,316 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $58.85, for a total value of $1,430,996.60. Following the transaction, the chief financial officer now directly owns 192,169 shares of the company’s stock, valued at $11,309,145.65. The trade was a 11.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Company insiders own 6.80% of the company’s stock. Hedge Funds Weigh In On Nutanix Several hedge funds and other institutional investors have recently made changes to their positions in NTNX. Freedom Investment Management Inc. raised its holdings in Nutanix by 4.0% in the third quarter. Freedom Investment Management Inc. now owns 3,883 shares of the technology company’s stock valued at $230,000 after acquiring an additional 151 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Nutanix by 3.4% during the 3rd quarter. CIBC Asset Management Inc now owns 7,036 shares of the technology company’s stock worth $417,000 after purchasing an additional 233 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Nutanix by 35.2% during the second quarter. GAMMA Investing LLC now owns 933 shares of the technology company’s stock worth $53,000 after purchasing an additional 243 shares in the last quarter. Paragon Capital Management Inc. increased its holdings in Nutanix by 1.0% in the third quarter. Paragon Capital Management Inc. now owns 26,082 shares of the technology company’s stock valued at $1,545,000 after buying an additional 258 shares during the last quarter. Finally, Larson Financial Group LLC raised its stake in Nutanix by 122.7% in the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock valued at $30,000 after buying an additional 281 shares in the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock. Nutanix Company Profile ( Get Free Report ) Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters. Further Reading Receive News & Ratings for Nutanix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nutanix and related companies with MarketBeat.com's FREE daily email newsletter .Hope springs eternal for Maryland football. The Terps received a verbal commitment from five-star defensive end Zion Elee on Saturday, giving the program its highest-rated recruit since landing wide receiver Stefon Diggs in the Class of 2012. The St. Frances star is ranked the No. 2 prospect in the 2026 class in the 247Sports Composite rankings, the No. 1 overall recruit by On3 and the No. 8 overall prospect in the ESPN Junior 300. The 6-foot-4, 228-pound Elee, who fielded more than 30 Division I offers, chose Maryland over Oregon, Alabama and Penn State. He posted his commitment . “Maryland felt like home,” Elee . “The coaches really believed in me from the beginning of my recruitment. They saw what I could do for the program. I could connect with the players because they’re from the same area I’m from. The academics are strong. It’s a great environment. I felt I could grow as a person and a player there.” Before transferring to St. Frances, Elee was a star at Joppatowne, finishing his sophomore season with 64 tackles, including 24 for loss, and 13 sacks. He with the Panthers, who went 8-3 — including a dominant 30-3 win over IMG Academy at Morgan State University in early November — and finished No. 18 in the On3 national composite rankings. “When he first got here you could see the God-given tools he has — fast, big and strong, all the measurables,” St. Frances defensive coordinator Justin Winters said earlier this year. “I don’t think he was ever pushed and around players and coaches that are his peers like now instead of him being above and beyond everybody else. So that has made him work harder and playing the tough schedule we have, it was a learning curve for him.” In August, Elee listed Alabama, Georgia, Ohio State, Oregon and Penn State as his finalists and then took visits across the country before making his surprising choice Saturday. He is the fourth commitment in the 2026 class for coach Mike Locksley, who just wrapped up the nation’s 25th overall class on Wednesday’s early signing day. The Terps finished the season 4-8 overall and 1-8 in the Big Ten, missing a bowl game for the first time since 2020.
Russia missile suspected in Azerbaijani plane crash, Moscow warns against 'hypotheses'
Social media 'serial killer' warning hoax spreads to Warren CountyBhopal, Dec 26 (PTI) Madhya Pradesh Chief Minister Mohan Yadav and senior Congress leader Kamal Nath were among several leaders from the state who condoled the death of former prime minister Dr Manmohan Singh on Thursday. Dr Singh died in AIIMS Delhi late evening. He was 92. Asserting that he was fortunate enough to work with the renowned economist, Nath in a post on X said, "Dr. Manmohan Singh is a respected economist of the world and one of the Prime Ministers of India who focused on public welfare. Many achievements are recorded to his credit like loan waiver for farmers, right to education for children, right to information, and forest rights law for tribals etc. His demise has caused irreparable loss to the entire nation." Dr Singh's demise is an irreparable loss for the political world, CM Yadav said. "While performing the duties of RBI Governor, Finance Minister and Prime Minister, he participated in the efforts for the economic prosperity of the country with his efficient and farsighted policies and faced various challenges boldly. He will always be remembered for his contribution to the economic development of the country. I offer my deepest condolences to the bereaved family in this hour of grief," the CM said on X. Madhya Pradesh BJP president Vishnu Dutt Sharma said Dr Singh's death was a big loss for the political world. (This story has not been edited by THE WEEK and is auto-generated from PTI)Remittances to reach $35bn in current fiscal: Aurangzeb Government would give policy framework and investors will remain key to achieve export-led growth: FinMin KARACHI: As PTI founder Imran Khan plans to ask overseas Pakistanis to stop sending money back home, Finance Minister Muhammad Aurangzeb on Saturday hoped the remittances would touch an all-time high at $35 billion in the current fiscal year. Aurangzeb didn’t comment when asked about the call of PTI founder chairman about stopping workers remittances to Pakistan when he talked to the media at the Overseas Investors Chamber of Commerce and Industry (OICCI) in Karachi. The minister claimed the country was able to achieve macroeconomic stability due to strenuous efforts of the last several months and the business confidence in the country restored. “We can’t be complacent now and have to remain on the course for achieving high growth through export-led strategy,” he declared. The finance minister said the government would give the policy framework and investors will remain the key to achieve export-led growth. He, however, pointed out that Pakistan has the dilemma of facing balance of payments problems as when the economic growth reaches four percent, we have to run back. “We need export-led growth for achieving 5-6 percent growth as presently the growth is largely dependent on imports,” he said. He said the business model cannot be run by evasion of sales tax. Talking about state-owned entities (SOEs), Aurangzeb said these are causing the national exchequer a loss of Rs2.2 billion a day and the country sustained losses to the tune of Rs6 trillion in the last 10 years, which comes to around 50 percent of the revenue collection target set at Rs12.9 trillion for FY25. “Privatisation, liberalisation and deregulation are the way forward.” He said that foreign companies operating in Pakistan have repatriated profit and dividends worth $2.2 billion in May-June 2024, clearing the entire backlog of the repatriation to-date. “Now there is no restriction on sending the repatriation from the Ministry of Finance and State Bank of Pakistan and it’s now up to commercial banks to facilitate the foreign companies in continuing to send profit and dividends without any delay,” he stated. The minister said the government has nothing to do with rupee-dollar parity as it depends on the demand and supply of the greenback in the market, while market forces are determining the exchange rate instead of the government. He said the government has prioritised inviting Foreign Direct Investment (FDI) in export-led projects and increasing exports to achieve sustainable economic growth. Emphasizing the need to improve the taxation system, he said that the old system of taxation can no longer go on. “We have to widen the tax net. The business model cannot be run by tax evasion, digitalisation systems are being brought in for checking tax evasion.” The minister said efforts were being made to bring real estate, agriculture, wholesalers and retailers into the tax net. He said leakages in sales tax and income tax were being stopped through the digitalisation process. He said that continuity of policies and political stability were requisite for development. Dharnas and rallies cause a loss of Rs190 billion per day. Asked about the high prices of essential items despite the government’s claim of reduction in inflation, the minister said that inflation was decreasing, but people were not benefiting from it. The price of pulses, commodities and poultry and petroleum products was decreasing in the global market, but the price in Pakistan was increasing instead of decreasing. “We have to activate the price control committees to extend benefit to people.” He announced a crackdown on the middlemen to pass on the benefits of reduced prices of various items to end consumers. Replying to a question, Aurangzeb said talks are underway with the Sindh government regarding the agriculture tax. He said the Punjab government had already done work on it and Khyber Pakhtunkhwa and Balochistan were working on it. Responding to a question about the IMF’s demand to charge sales tax on petroleum products, the minister denied that any such demand was made by the global institution.Dr. Manmohan Singh: The economist who shaped India's economic future