NVIDIA Co. (NASDAQ:NVDA) Stake Lifted by Two Sigma Advisers LP

Two Sigma Advisers LP increased its position in NVIDIA Co. (NASDAQ:NVDA) by 5.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,165,700 shares of the computer hardware maker’s stock after purchasing an additional 482,300 shares during the quarter. NVIDIA makes up about 2.8% of Two Sigma Advisers LP’s investment portfolio, making the stock its 2nd largest holding. Two Sigma Advisers LP’s holdings in NVIDIA were worth $1,230,862,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. DiNuzzo Private Wealth Inc. grew its position in shares of NVIDIA by 0.8% in the 4th quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker’s stock worth $1,157,000 after buying an additional 71 shares during the period. Baker Boyer National Bank lifted its holdings in shares of NVIDIA by 3.3% during the fourth quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker’s stock valued at $323,000 after purchasing an additional 76 shares during the last quarter. SC&H Financial Advisors Inc. increased its position in NVIDIA by 1.6% during the 4th quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker’s stock valued at $681,000 after buying an additional 80 shares in the last quarter. DecisionPoint Financial LLC raised its stake in NVIDIA by 2.9% during the fourth quarter. DecisionPoint Financial LLC now owns 2,878 shares of the computer hardware maker’s stock valued at $386,000 after buying an additional 80 shares during the last quarter. Finally, Matthew Goff Investment Advisor LLC boosted its holdings in NVIDIA by 0.7% in the fourth quarter. Matthew Goff Investment Advisor LLC now owns 11,496 shares of the computer hardware maker’s stock worth $1,544,000 after acquiring an additional 84 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of NVIDIA stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the transaction, the director now directly owns 251,044 shares of the company’s stock, valued at $28,993,071.56. This trade represents a 17.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Colette Kress sold 66,660 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now owns 3,085,765 shares in the company, valued at $360,509,924.95. This represents a 2.11% 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 quarter. 4.17% of the stock is owned by corporate insiders.

NVIDIA Trading Down 3.5%

Shares of NVDA opened at $134.28 on Friday. The firm has a market cap of $3.28 trillion, a P/E ratio of 52.85, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. 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 Co. has a 1 year low of $86.62 and a 1 year high of $195.95. The company has a 50 day simple moving average of $115.48 and a two-hundred day simple moving average of $126.52.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). The company had revenue of $44.06 billion for the quarter, compared to analysts’ expectations of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business’s revenue was up 69.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.61 earnings per share. On average, equities analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date is Wednesday, June 11th. NVIDIA’s payout ratio is presently 1.29%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NVDA. Raymond James lifted their price target on NVIDIA from $150.00 to $165.00 and gave the stock a “strong-buy” rating in a research report on Thursday. Tigress Financial reaffirmed a “buy” rating on shares of NVIDIA in a report on Wednesday, February 26th. Benchmark reiterated a “buy” rating and set a $190.00 price target on shares of NVIDIA in a report on Thursday. DA Davidson boosted their price objective on shares of NVIDIA from $120.00 to $135.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, DZ Bank upgraded NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-six have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, NVIDIA presently has a consensus rating of “Moderate Buy” and an average target price of $171.66.

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.