NVIDIA Co. (NASDAQ:NVDA) Stock Position Raised by Sierra Capital LLC

Sierra Capital LLC lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 10.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,554 shares of the computer hardware maker’s stock after purchasing an additional 2,695 shares during the period. Sierra Capital LLC’s holdings in NVIDIA were worth $3,834,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Legend Financial Advisors Inc. acquired a new stake in NVIDIA during the 4th quarter valued at $34,000. Luken Investment Analytics LLC purchased a new position in shares of NVIDIA during the fourth quarter valued at $40,000. DHJJ Financial Advisors Ltd. raised its position in NVIDIA by 70.0% during the third quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker’s stock valued at $41,000 after buying an additional 140 shares during the period. Lowe Wealth Advisors LLC purchased a new stake in NVIDIA in the 4th quarter worth about $46,000. Finally, 1620 Investment Advisors Inc. boosted its position in NVIDIA by 145.9% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker’s stock worth $51,000 after acquiring an additional 248 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Trading Down 1.2 %

Shares of NVDA opened at $108.38 on Tuesday. The stock’s 50-day moving average price is $124.42 and its 200 day moving average price is $131.53. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $2.64 trillion, a price-to-earnings ratio of 42.65, a P/E/G ratio of 1.76 and a beta of 1.77. NVIDIA Co. has a 12-month low of $75.61 and a 12-month high of $195.95.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 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 return on equity of 114.83% and a net margin of 55.69%. As a group, research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of research analyst reports. Wedbush reissued an “outperform” rating and issued a $175.00 price target on shares of NVIDIA in a research report on Thursday, February 20th. DA Davidson cut their target price on shares of NVIDIA from $135.00 to $125.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. Susquehanna restated a “positive” rating and set a $180.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. William Blair reiterated an “outperform” rating on shares of NVIDIA in a report on Thursday, March 20th. Finally, Summit Insights downgraded NVIDIA from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. Four research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and an average price target of $171.51.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the transaction, the insider now directly owns 479,428 shares in the company, valued at $55,997,190.40. This represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Colette Kress sold 66,660 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now directly 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 183,609 shares of company stock valued at $22,642,615. 4.23% of the stock is currently owned by corporate insiders.

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.