Golden State Equity Partners Boosts Holdings in NVIDIA Co. (NASDAQ:NVDA)

Golden State Equity Partners boosted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 1,197.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 199,977 shares of the computer hardware maker’s stock after buying an additional 184,567 shares during the quarter. NVIDIA accounts for 5.1% of Golden State Equity Partners’ investment portfolio, making the stock its 2nd biggest holding. Golden State Equity Partners’ holdings in NVIDIA were worth $26,855,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NVDA. International Assets Investment Management LLC increased its holdings in shares of NVIDIA by 12,898.6% in the third quarter. International Assets Investment Management LLC now owns 56,292,986 shares of the computer hardware maker’s stock valued at $6,836,220,000 after purchasing an additional 55,859,917 shares during the last quarter. Clear Street Derivatives LLC acquired a new position in shares of NVIDIA in the third quarter valued at $4,589,905,000. Clearbridge Investments LLC increased its holdings in shares of NVIDIA by 810.6% in the second quarter. Clearbridge Investments LLC now owns 38,584,018 shares of the computer hardware maker’s stock valued at $4,766,670,000 after purchasing an additional 34,346,955 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of NVIDIA by 2.2% in the third quarter. Geode Capital Management LLC now owns 546,079,492 shares of the computer hardware maker’s stock valued at $66,101,133,000 after purchasing an additional 11,525,969 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of NVIDIA by 2,556.1% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 8,605,913 shares of the computer hardware maker’s stock valued at $1,063,174,000 after purchasing an additional 8,281,902 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on NVDA shares. Melius Research upped their price objective on shares of NVIDIA from $165.00 to $185.00 and gave the company a “buy” rating in a report on Monday, November 11th. Needham & Company LLC reiterated a “buy” rating and issued a $160.00 price objective on shares of NVIDIA in a report on Thursday. Loop Capital restated a “buy” rating and issued a $175.00 price target on shares of NVIDIA in a research note on Wednesday, November 20th. Truist Financial upped their price target on shares of NVIDIA from $204.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Mizuho upped their price target on shares of NVIDIA from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Five research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $169.62.

NVIDIA Stock Up 3.9 %

Shares of NASDAQ NVDA opened at $124.81 on Friday. The company has a 50 day simple moving average of $134.19 and a 200 day simple moving average of $131.92. The firm has a market cap of $3.06 trillion, a PE ratio of 49.12, a price-to-earnings-growth ratio of 1.76 and a beta of 1.62. NVIDIA Co. has a 1 year low of $75.61 and a 1 year high of $153.13. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

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, beating analysts’ consensus estimates 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 year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a $0.01 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 1.57%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the sale, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. This represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $135.28, for a total transaction of $608,760.00. Following the sale, the insider now directly owns 480,899 shares of the company’s stock, valued at $65,056,016.72. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,107,632 shares of company stock valued at $146,405,286. 4.23% of the stock is currently owned by company insiders.

NVIDIA 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.