Stevens Capital Management LP Acquires Shares of 1,712 NVIDIA Co. (NASDAQ:NVDA)

Stevens Capital Management LP acquired a new stake in shares of NVIDIA Co. (NASDAQ:NVDA) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 1,712 shares of the computer hardware maker’s stock, valued at approximately $848,000.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in NVIDIA by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 203,680,199 shares of the computer hardware maker’s stock valued at $88,598,850,000 after acquiring an additional 2,287,471 shares in the last quarter. Northern Trust Corp boosted its position in shares of NVIDIA by 3.6% in the 3rd quarter. Northern Trust Corp now owns 26,311,434 shares of the computer hardware maker’s stock worth $11,445,211,000 after purchasing an additional 910,009 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of NVIDIA by 54,019.5% in the 4th quarter. International Assets Investment Management LLC now owns 16,866,869 shares of the computer hardware maker’s stock worth $8,352,811,000 after purchasing an additional 16,835,703 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of NVIDIA by 0.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,197,744 shares of the computer hardware maker’s stock worth $5,740,887,000 after purchasing an additional 77,089 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of NVIDIA by 2.0% in the 3rd quarter. Wellington Management Group LLP now owns 10,544,759 shares of the computer hardware maker’s stock worth $4,586,865,000 after purchasing an additional 209,085 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

NVDA has been the topic of a number of analyst reports. Wells Fargo & Company boosted their price target on NVIDIA from $840.00 to $970.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. CICC Research initiated coverage on NVIDIA in a research report on Wednesday, March 6th. They issued an “outperform” rating and a $870.00 price target on the stock. Piper Sandler Companies boosted their price objective on shares of NVIDIA to $850.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. TD Cowen boosted their price objective on shares of NVIDIA from $900.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Thursday, March 21st. Finally, Benchmark restated a “buy” rating and issued a $1,000.00 price objective on shares of NVIDIA in a report on Wednesday, March 20th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $941.55.

Insiders Place Their Bets

In other news, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $911.62, for a total transaction of $410,229.00. Following the completion of the transaction, the insider now owns 49,815 shares in the company, valued at $45,412,350.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $911.62, for a total transaction of $410,229.00. Following the completion of the transaction, the insider now owns 49,815 shares in the company, valued at $45,412,350.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mark A. Stevens sold 22,700 shares of the firm’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $879.97, for a total value of $19,975,319.00. Following the transaction, the director now owns 1,052,133 shares of the company’s stock, valued at approximately $925,845,476.01. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,278 shares of company stock worth $52,689,898. Corporate insiders own 3.99% of the company’s stock.

NVIDIA Trading Up 3.5 %

Shares of NVDA stock opened at $887.89 on Friday. NVIDIA Co. has a 52-week low of $272.40 and a 52-week high of $974.00. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17. The firm has a market capitalization of $2.22 trillion, a PE ratio of 74.36, a PEG ratio of 1.19 and a beta of 1.75. The stock has a fifty day simple moving average of $865.39 and a two-hundred day simple moving average of $646.31.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The business had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. During the same quarter in the prior year, the business posted $0.65 EPS. NVIDIA’s revenue for the quarter was up 265.3% compared to the same quarter last year. On average, analysts predict that NVIDIA Co. will post 22.55 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were paid a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. NVIDIA’s payout ratio is presently 1.34%.

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.