DLK Investment Management LLC Boosts Stock Position in NVIDIA Co. (NASDAQ:NVDA)

DLK Investment Management LLC lifted its position in NVIDIA Co. (NASDAQ:NVDA) by 6.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,515 shares of the computer hardware maker’s stock after acquiring an additional 476 shares during the quarter. DLK Investment Management LLC’s holdings in NVIDIA were worth $1,009,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NVDA. BlueSky Wealth Advisors LLC boosted its position in NVIDIA by 0.3% during the 4th quarter. BlueSky Wealth Advisors LLC now owns 53,287 shares of the computer hardware maker’s stock worth $7,156,000 after acquiring an additional 180 shares during the period. Access Financial Services Inc. increased its position in NVIDIA by 9.0% in the 4th quarter. Access Financial Services Inc. now owns 3,053 shares of the computer hardware maker’s stock worth $410,000 after purchasing an additional 253 shares during the last quarter. Sarasin & Partners LLP increased its holdings in shares of NVIDIA by 5.3% during the 4th quarter. Sarasin & Partners LLP now owns 4,539,801 shares of the computer hardware maker’s stock valued at $609,650,000 after acquiring an additional 230,141 shares during the last quarter. M.E. Allison & CO. Inc. acquired a new position in shares of NVIDIA during the 4th quarter valued at about $840,000. Finally, FOCUS Wealth Advisors LLC boosted its stake in NVIDIA by 110.8% during the 4th quarter. FOCUS Wealth Advisors LLC now owns 21,670 shares of the computer hardware maker’s stock valued at $2,910,000 after purchasing an additional 11,390 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Performance

Shares of NVDA opened at $129.84 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The stock has a 50-day moving average of $135.31 and a 200-day moving average of $129.44. The company has a market cap of $3.18 trillion, a PE ratio of 51.10, a P/E/G ratio of 1.62 and a beta of 1.62. NVIDIA Co. has a one year low of $66.25 and a one year high of $153.13.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $35.08 billion for the quarter, compared to analysts’ expectations of $33.15 billion. During the same quarter last year, the firm earned $0.38 EPS. The firm’s revenue for the quarter was up 93.6% compared to the same quarter last year. On average, equities research analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s payout ratio is currently 1.57%.

Wall Street Analysts Forecast Growth

NVDA has been the subject of several analyst reports. Stifel Nicolaus raised their target price on NVIDIA from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Oppenheimer restated an “outperform” rating and issued a $175.00 price target on shares of NVIDIA in a report on Thursday, November 21st. HSBC lowered their price target on NVIDIA from $195.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $200.00 target price on shares of NVIDIA in a research report on Monday, January 27th. Finally, Mizuho boosted their price target on NVIDIA from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of “Moderate Buy” and an average target price of $166.23.

Insider Transactions at NVIDIA

In other news, EVP Ajay K. Puri sold 36,462 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the transaction, the executive vice president now directly owns 3,902,888 shares in the company, valued at $589,726,376.80. The trade was a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Colette Kress sold 66,670 shares of NVIDIA stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the sale, the chief financial officer now directly owns 3,351,572 shares of the company’s stock, valued at $453,802,848.80. This represents a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,108,348 shares of company stock worth $146,506,958 in the last quarter. Insiders own 4.23% of the company’s stock.

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.