Discovery Value Fund Increases Position in NVIDIA Co. (NASDAQ:NVDA)

Discovery Value Fund increased its stake in NVIDIA Co. (NASDAQ:NVDA) by 276.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 339,545 shares of the computer hardware maker’s stock after acquiring an additional 249,288 shares during the period. NVIDIA comprises 26.2% of Discovery Value Fund’s holdings, making the stock its 2nd largest position. Discovery Value Fund’s holdings in NVIDIA were worth $45,597,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Clear Street Derivatives LLC bought a new stake in shares of NVIDIA during the 3rd quarter valued at $4,589,905,000. Proficio Capital Partners LLC lifted its position in NVIDIA by 14,641.2% during the 4th quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker’s stock valued at $4,656,682,000 after acquiring an additional 34,441,082 shares during the period. GQG Partners LLC boosted its stake in NVIDIA by 132.3% during the fourth quarter. GQG Partners LLC now owns 25,697,930 shares of the computer hardware maker’s stock worth $3,450,975,000 after acquiring an additional 14,636,057 shares in the last quarter. Amundi grew its holdings in NVIDIA by 12.9% in the fourth quarter. Amundi now owns 117,036,612 shares of the computer hardware maker’s stock worth $16,394,224,000 after purchasing an additional 13,406,054 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of NVIDIA by 2.2% during 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 in the last quarter. 65.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on NVDA. Summit Insights downgraded NVIDIA from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Mizuho dropped their price target on shares of NVIDIA from $175.00 to $168.00 and set an “outperform” rating on the stock in a research note on Friday, March 14th. Barclays reduced their price objective on shares of NVIDIA from $175.00 to $155.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Rosenblatt Securities dropped their target price on shares of NVIDIA from $220.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Finally, Morgan Stanley reduced their price target on shares of NVIDIA from $162.00 to $160.00 and set an “overweight” rating for the company in a research report on Friday. Six analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and an average target price of $164.96.

NVIDIA Stock Performance

NVDA opened at $108.76 on Tuesday. The firm has a market cap of $2.65 trillion, a P/E ratio of 42.80, a PEG ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a 1-year low of $81.25 and a 1-year high of $195.95. The company has a 50 day simple moving average of $112.60 and a two-hundred day simple moving average of $128.76. 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 results 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 business had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. Equities analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were paid 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 payout ratio is 1.36%.

Insiders Place Their Bets

In related news, CFO Colette Kress sold 66,660 shares of the company’s stock in a transaction on Friday, March 21st. The shares were 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. This represents a 2.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert K. Burgess sold 53,324 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the transaction, the director now directly owns 251,044 shares of the company’s stock, valued at $28,993,071.56. The trade was a 17.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock worth $17,133,207 in the last three months. 4.23% of the stock is 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.