Jackson Hole Capital Partners LLC Buys 3,852 Shares of NVIDIA Co. (NASDAQ:NVDA)

Jackson Hole Capital Partners LLC increased its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 26.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,492 shares of the computer hardware maker’s stock after acquiring an additional 3,852 shares during the quarter. Jackson Hole Capital Partners LLC’s holdings in NVIDIA were worth $2,483,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Horan Securities Inc. raised its position in shares of NVIDIA by 54.7% during the fourth quarter. Horan Securities Inc. now owns 2,572 shares of the computer hardware maker’s stock worth $345,000 after purchasing an additional 909 shares during the period. OFI Invest Asset Management bought a new stake in NVIDIA during the 4th quarter worth approximately $351,110,000. Kendall Capital Management increased its stake in NVIDIA by 351.7% during the 4th quarter. Kendall Capital Management now owns 12,850 shares of the computer hardware maker’s stock worth $1,726,000 after purchasing an additional 10,005 shares in the last quarter. Coordinated Financial Services Inc. acquired a new stake in NVIDIA during the 4th quarter worth approximately $1,656,000. Finally, Axis Wealth Partners LLC acquired a new position in shares of NVIDIA in the fourth quarter valued at approximately $505,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $110.93 on Monday. 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 stock has a 50 day simple moving average of $118.95 and a 200 day simple moving average of $130.40. NVIDIA Co. has a 1-year low of $75.61 and a 1-year high of $195.95. The stock has a market cap of $2.71 trillion, a P/E ratio of 43.66, a PEG ratio of 1.76 and a beta of 1.96.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share 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 company had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. Research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. NVIDIA’s payout ratio is presently 1.36%.

Insider Transactions at NVIDIA

In other news, Director Robert K. Burgess sold 53,324 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the sale, the director now directly owns 251,044 shares of the company’s stock, valued at approximately $28,993,071.56. This represents a 17.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John Dabiri sold 2,663 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the transaction, the director now directly owns 17,279 shares of the company’s stock, valued at approximately $1,900,690. This trade represents a 13.35 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on NVDA shares. TD Cowen dropped their price objective on shares of NVIDIA from $175.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. HSBC downgraded NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a research note on Thursday, April 3rd. Wedbush reaffirmed an “outperform” rating and set a $175.00 price objective on shares of NVIDIA in a research report on Thursday, February 20th. Barclays lifted their target price on NVIDIA from $160.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Finally, Citigroup reduced their price target on NVIDIA from $163.00 to $150.00 and set a “buy” rating for the company in a research report on Friday. Six equities research analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $168.39.

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.