NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Vinva Investment Management Ltd

Vinva Investment Management Ltd grew its stake in NVIDIA Co. (NASDAQ:NVDA) by 7.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,250,923 shares of the computer hardware maker’s stock after purchasing an additional 91,468 shares during the period. NVIDIA comprises approximately 6.7% of Vinva Investment Management Ltd’s investment portfolio, making the stock its 2nd largest holding. Vinva Investment Management Ltd’s holdings in NVIDIA were worth $171,989,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Platinum Investment Management Ltd. lifted its stake in shares of NVIDIA by 109.3% in the 4th quarter. Platinum Investment Management Ltd. now owns 1,582 shares of the computer hardware maker’s stock valued at $212,000 after purchasing an additional 826 shares during the period. VSM Wealth Advisory LLC purchased a new position in NVIDIA in the fourth quarter valued at $287,000. Saiph Capital LLC raised its position in shares of NVIDIA by 14.6% in the fourth quarter. Saiph Capital LLC now owns 12,699 shares of the computer hardware maker’s stock worth $1,705,000 after acquiring an additional 1,620 shares during the period. Brooklyn FI LLC boosted its stake in shares of NVIDIA by 6,507.1% during the 4th quarter. Brooklyn FI LLC now owns 253,778 shares of the computer hardware maker’s stock worth $34,998,000 after acquiring an additional 249,937 shares in the last quarter. Finally, Enhancing Capital LLC acquired a new stake in shares of NVIDIA during the 4th quarter valued at about $5,170,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Price Performance

NASDAQ:NVDA opened at $98.89 on Wednesday. NVIDIA Co. has a 52 week low of $78.22 and a 52 week high of $195.95. The stock’s fifty day moving average is $115.15 and its two-hundred day moving average is $129.50. The company has a market capitalization of $2.41 trillion, a P/E ratio of 38.92, a P/E/G ratio of 1.76 and a beta of 1.96. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. Equities analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were issued a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.04%. NVIDIA’s dividend payout ratio (DPR) is presently 1.36%.

Insider Activity at NVIDIA

In related 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 transaction of $525,600.00. Following the completion of the transaction, the insider now directly owns 479,428 shares in the company, valued at $55,997,190.40. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 transaction of $7,787,887.80. Following the sale, the chief financial officer now owns 3,085,765 shares in the company, valued at $360,509,924.95. This trade represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,147 shares of company stock worth $17,133,207. Insiders own 4.23% of the company’s stock.

Analysts Set New Price Targets

NVDA has been the subject of a number of analyst reports. Tigress Financial reaffirmed a “buy” rating on shares of NVIDIA in a report on Wednesday, February 26th. TD Cowen cut their price objective on NVIDIA from $175.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. DZ Bank upgraded NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th. Morgan Stanley set a $162.00 price target on shares of NVIDIA and gave the company an “overweight” rating in a research note on Wednesday, March 19th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $200.00 price objective on shares of NVIDIA in a research report on Wednesday, April 16th. Six analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.01.

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.