Barings LLC Acquires 904 Shares of NVIDIA Co. (NASDAQ:NVDA)

Barings LLC lifted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 16.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,259 shares of the computer hardware maker’s stock after acquiring an additional 904 shares during the period. Barings LLC’s holdings in NVIDIA were worth $3,100,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Prospect Hill Management LLC raised its holdings in NVIDIA by 6.2% during the 4th quarter. Prospect Hill Management LLC now owns 2,560 shares of the computer hardware maker’s stock worth $1,268,000 after purchasing an additional 150 shares during the last quarter. Wade G W & Inc. raised its stake in shares of NVIDIA by 3.6% during the fourth quarter. Wade G W & Inc. now owns 34,694 shares of the computer hardware maker’s stock worth $17,181,000 after buying an additional 1,200 shares during the last quarter. Curi Wealth Management LLC lifted its holdings in NVIDIA by 8.3% in the fourth quarter. Curi Wealth Management LLC now owns 1,560 shares of the computer hardware maker’s stock valued at $773,000 after buying an additional 120 shares during the period. Wealthcare Capital Management LLC boosted its stake in NVIDIA by 1.6% in the fourth quarter. Wealthcare Capital Management LLC now owns 1,013 shares of the computer hardware maker’s stock valued at $502,000 after acquiring an additional 16 shares during the last quarter. Finally, Foundations Investment Advisors LLC grew its holdings in NVIDIA by 22.4% during the 4th quarter. Foundations Investment Advisors LLC now owns 42,920 shares of the computer hardware maker’s stock worth $21,255,000 after acquiring an additional 7,841 shares during the period. Institutional investors own 65.27% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on NVDA. Craig Hallum raised their price target on NVIDIA from $700.00 to $850.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Loop Capital assumed coverage on shares of NVIDIA in a report on Friday, February 16th. They set a “buy” rating and a $1,200.00 price objective for the company. Wells Fargo & Company increased their target price on shares of NVIDIA from $970.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Tuesday, May 14th. UBS Group boosted their price target on shares of NVIDIA from $1,100.00 to $1,150.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Finally, Needham & Company LLC raised their price objective on NVIDIA from $600.00 to $850.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Four analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and an average price target of $1,002.18.

Insider Transactions at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total value of $410,229.00. Following the sale, the insider now owns 49,815 shares in the company, valued at $45,412,350.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $911.62, for a total transaction of $410,229.00. Following the sale, the insider now directly owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 22,700 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the transaction, the director now directly owns 1,052,133 shares of the company’s stock, valued at approximately $925,845,476.01. The disclosure for this sale can be found here. In the last 90 days, insiders sold 61,278 shares of company stock valued at $52,689,898. Company insiders own 4.23% of the company’s stock.

NVIDIA Price Performance

Shares of NVDA opened at $953.86 on Wednesday. The firm has a market capitalization of $2.35 trillion, a PE ratio of 79.89, a PEG ratio of 1.33 and a beta of 1.75. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. NVIDIA Co. has a fifty-two week low of $298.06 and a fifty-two week high of $974.00. The company’s 50-day moving average is $885.48 and its 200-day moving average is $694.58.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, topping the consensus estimate of $4.21 by $0.95. The firm had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The company’s quarterly revenue was up 265.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.65 EPS. Equities analysts forecast that NVIDIA Co. will post 23.01 EPS for the current year.

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.