BIT Capital GmbH Buys 110,835 Shares of NVIDIA Co. (NASDAQ:NVDA)

BIT Capital GmbH lifted its position in NVIDIA Co. (NASDAQ:NVDA) by 49.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 336,431 shares of the computer hardware maker’s stock after buying an additional 110,835 shares during the quarter. NVIDIA comprises approximately 3.6% of BIT Capital GmbH’s holdings, making the stock its 10th largest position. BIT Capital GmbH’s holdings in NVIDIA were worth $45,179,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Tacita Capital Inc acquired a new stake in shares of NVIDIA in the fourth quarter valued at about $28,000. Legend Financial Advisors Inc. bought a new stake in NVIDIA during the 4th quarter valued at approximately $34,000. Vision Financial Markets LLC acquired a new stake in NVIDIA in the 4th quarter valued at approximately $38,000. Luken Investment Analytics LLC bought a new position in NVIDIA in the 4th quarter worth approximately $40,000. Finally, Lowe Wealth Advisors LLC acquired a new position in shares of NVIDIA during the fourth quarter worth approximately $46,000. 65.27% of the stock is owned by institutional investors.

NVIDIA Stock Up 0.3 %

NASDAQ:NVDA opened at $109.02 on Wednesday. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 12-month low of $81.25 and a 12-month high of $195.95. The stock’s fifty day simple moving average is $111.97 and its 200-day simple moving average is $128.63. The firm has a market capitalization of $2.66 trillion, a P/E ratio of 42.90, a P/E/G ratio of 1.76 and a beta of 1.96.

NVIDIA (NASDAQ:NVDA) last issued its 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. The firm had revenue of $39.33 billion for the quarter, compared to analysts’ expectations of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. Equities research analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Insiders Place Their Bets

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm’s 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 sale, the insider now owns 479,428 shares of the company’s stock, valued at approximately $55,997,190.40. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Colette Kress sold 66,660 shares of the business’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the transaction, the chief financial officer now directly owns 3,085,765 shares of the company’s stock, valued at approximately $360,509,924.95. The trade was a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 147,147 shares of company stock worth $17,133,207. Company insiders own 4.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Benchmark reaffirmed a “buy” rating and set a $190.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Wedbush restated an “outperform” rating and set a $175.00 price objective on shares of NVIDIA in a report on Wednesday, April 16th. HSBC cut shares of NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 target price for the company. in a research note on Thursday, April 3rd. Bank of America lowered their price target on NVIDIA from $200.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Finally, DZ Bank upgraded NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th. Six research 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $164.96.

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.