Wexford Capital LP Buys New Shares in NVIDIA Co. (NASDAQ:NVDA)

Wexford Capital LP bought a new position in shares of NVIDIA Co. (NASDAQ:NVDA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,527 shares of the computer hardware maker’s stock, valued at approximately $339,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Windacre Partnership LLC acquired a new stake in NVIDIA during the 4th quarter worth approximately $376,576,000. St. Clair Advisors LLC purchased a new stake in NVIDIA during the fourth quarter worth approximately $1,535,000. Triglav Skladi D.O.O. acquired a new stake in shares of NVIDIA in the fourth quarter worth $114,257,000. Two Sigma Advisers LP raised its stake in shares of NVIDIA by 5.6% in the 4th quarter. Two Sigma Advisers LP now owns 9,165,700 shares of the computer hardware maker’s stock valued at $1,230,862,000 after acquiring an additional 482,300 shares during the period. Finally, Texas Bank & Trust Co purchased a new position in shares of NVIDIA in the 4th quarter valued at $4,668,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Benchmark reissued a “buy” rating and set a $190.00 price target on shares of NVIDIA in a research report on Thursday. Seaport Res Ptn raised shares of NVIDIA to a “strong sell” rating in a research report on Wednesday, April 30th. Truist Financial raised their price target on shares of NVIDIA from $205.00 to $210.00 and gave the company a “buy” rating in a report on Thursday. Summit Insights raised shares of NVIDIA from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Wedbush reissued an “outperform” rating on shares of NVIDIA in a research report on Thursday. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-six have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, NVIDIA has an average rating of “Moderate Buy” and a consensus target price of $171.66.

Insider Transactions at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 66,660 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief financial officer now owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. The trade was a 2.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the sale, the director now owns 53,208 shares in the company, valued at approximately $6,300,891.36. This represents a 27.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 147,147 shares of company stock worth $17,133,207. Company insiders own 4.17% of the company’s stock.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $134.28 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The firm has a market capitalization of $3.28 trillion, a PE ratio of 52.85, a P/E/G ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a 1-year low of $86.62 and a 1-year high of $195.95. The business’s fifty day moving average price is $115.48 and its two-hundred day moving average price is $126.38.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). The firm had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm’s revenue was up 69.2% on a year-over-year basis. During the same period last year, the business earned $0.61 EPS. On average, research analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be issued a dividend of $0.01 per share. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 1.29%.

NVIDIA Company Profile

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.