Exchange Traded Concepts LLC Has $340.41 Million Position in NVIDIA Corporation $NVDA

Exchange Traded Concepts LLC increased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) by 43.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,825,278 shares of the computer hardware maker’s stock after purchasing an additional 548,979 shares during the quarter. NVIDIA makes up 2.6% of Exchange Traded Concepts LLC’s portfolio, making the stock its 2nd biggest holding. Exchange Traded Concepts LLC’s holdings in NVIDIA were worth $340,414,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Wealthcare Capital Partners LLC boosted its stake in NVIDIA by 1.5% in the 4th quarter. Wealthcare Capital Partners LLC now owns 11,130 shares of the computer hardware maker’s stock worth $2,076,000 after purchasing an additional 168 shares during the period. Elevatus Welath Management grew its holdings in NVIDIA by 49.0% during the 4th quarter. Elevatus Welath Management now owns 91,098 shares of the computer hardware maker’s stock valued at $16,990,000 after buying an additional 29,950 shares in the last quarter. Petros Family Wealth LLC raised its position in shares of NVIDIA by 31.0% during the fourth quarter. Petros Family Wealth LLC now owns 25,708 shares of the computer hardware maker’s stock valued at $4,794,000 after buying an additional 6,089 shares during the last quarter. True Vision MN LLC lifted its holdings in shares of NVIDIA by 3.1% in the fourth quarter. True Vision MN LLC now owns 3,742 shares of the computer hardware maker’s stock worth $698,000 after buying an additional 114 shares in the last quarter. Finally, Verum Partners LLC lifted its holdings in shares of NVIDIA by 2.8% in the fourth quarter. Verum Partners LLC now owns 17,438 shares of the computer hardware maker’s stock worth $3,252,000 after buying an additional 476 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NVIDIA

In related news, CFO Colette Kress sold 42,650 shares of the firm’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of $174.89, for a total value of $7,459,058.50. Following the completion of the sale, the chief financial officer directly owned 881,387 shares in the company, valued at $154,145,772.43. This trade represents a 4.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Stevens sold 221,682 shares of NVIDIA stock in a transaction on Friday, March 20th. The stock was sold at an average price of $173.68, for a total transaction of $38,501,729.76. Following the transaction, the director directly owned 7,399,771 shares of the company’s stock, valued at $1,285,192,227.28. The trade was a 2.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 1,401,616 shares of company stock worth $253,555,407. 4.17% of the stock is currently owned by company insiders.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA opened at $177.39 on Friday. The firm has a fifty day simple moving average of $182.41 and a two-hundred day simple moving average of $184.24. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $212.19. The company has a quick ratio of 3.24, a current ratio of 3.91 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $4.31 trillion, a P/E ratio of 36.20, a PEG ratio of 0.59 and a beta of 2.34.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.08. The firm had revenue of $68.13 billion during the quarter, compared to the consensus estimate of $65.56 billion. NVIDIA had a net margin of 55.60% and a return on equity of 97.37%. The firm’s revenue for the quarter was up 73.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.89 EPS. On average, analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend was Wednesday, March 11th. NVIDIA’s dividend payout ratio (DPR) is presently 0.82%.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NVDA. Wolfe Research raised their target price on shares of NVIDIA from $250.00 to $275.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Tigress Financial reissued a “strong-buy” rating and set a $360.00 price objective (up from $350.00) on shares of NVIDIA in a report on Thursday, March 5th. BNP Paribas Exane raised their price objective on NVIDIA from $260.00 to $270.00 and gave the company an “outperform” rating in a research report on Thursday, February 26th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $325.00 target price on shares of NVIDIA in a report on Monday, March 23rd. Finally, Robert W. Baird boosted their target price on NVIDIA from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday, February 26th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, NVIDIA currently has an average rating of “Buy” and a consensus price target of $275.25.

Check Out Our Latest Report on NVDA

About NVIDIA

(Free Report)

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

Further Reading

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDAFree Report).

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.