Marshall Investment Management LLC bought a new stake in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) in the 4th quarter, HoldingsChannel reports. The fund bought 28,200 shares of the computer hardware maker’s stock, valued at approximately $3,787,000. NVIDIA accounts for about 2.2% of Marshall Investment Management LLC’s investment portfolio, making the stock its 16th biggest holding.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. FPC Investment Advisory Inc. raised its position in shares of NVIDIA by 726.6% during the 4th quarter. FPC Investment Advisory Inc. now owns 2,397 shares of the computer hardware maker’s stock worth $322,000 after purchasing an additional 2,107 shares during the period. JBR Co Financial Management Inc grew its stake in NVIDIA by 0.5% during the 4th quarter. JBR Co Financial Management Inc now owns 198,577 shares of the computer hardware maker’s stock worth $26,667,000 after buying an additional 1,043 shares during the last quarter. ST. Nicholas Private Asset Management Inc. acquired a new stake in NVIDIA in the fourth quarter worth $4,901,000. Fisher Funds Management LTD bought a new stake in NVIDIA in the fourth quarter valued at $37,806,000. Finally, Richardson Capital Management LLC boosted its holdings in shares of NVIDIA by 1,235.7% during the fourth quarter. Richardson Capital Management LLC now owns 62,379 shares of the computer hardware maker’s stock valued at $8,377,000 after acquiring an additional 57,709 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.
NVIDIA Trading Down 1.6 %
NASDAQ:NVDA opened at $109.67 on Friday. The company has a market capitalization of $2.68 trillion, a P/E ratio of 43.16, a P/E/G ratio of 1.76 and a beta of 1.77. The stock’s 50 day moving average price is $125.01 and its 200 day moving average price is $131.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Co. has a 52 week low of $75.61 and a 52 week high of $195.95.
NVIDIA (NASDAQ:NVDA – Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. The business had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. On average, research analysts forecast that NVIDIA Co. will post 2.77 EPS for the current fiscal year.
NVIDIA Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date is Wednesday, March 12th. NVIDIA’s payout ratio is 1.36%.
Insider Buying and Selling
In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the sale, the insider now directly owns 479,428 shares of the company’s stock, valued at approximately $55,997,190.40. This trade represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 66,660 shares of the business’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the transaction, the chief financial officer now directly owns 3,085,765 shares of the company’s stock, valued at $360,509,924.95. This represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 183,609 shares of company stock worth $22,642,615. 4.23% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on NVDA. Cantor Fitzgerald reiterated an “overweight” rating and issued a $200.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. HSBC cut their price target on NVIDIA from $195.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Tigress Financial reissued a “buy” rating on shares of NVIDIA in a report on Wednesday, February 26th. Susquehanna reaffirmed a “positive” rating and set a $180.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $220.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Four research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $171.51.
View Our Latest Analysis on NVDA
About NVIDIA
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.
Featured Stories
Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Co. (NASDAQ:NVDA – Free Report).
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.