Hexagon Capital Partners LLC Buys 133 Shares of NVIDIA Co. (NASDAQ:NVDA)

Hexagon Capital Partners LLC lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,872 shares of the computer hardware maker’s stock after buying an additional 133 shares during the quarter. NVIDIA makes up approximately 0.7% of Hexagon Capital Partners LLC’s portfolio, making the stock its 9th biggest position. Hexagon Capital Partners LLC’s holdings in NVIDIA were worth $2,907,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in NVDA. Cornerstone Wealth Advisors Inc. increased its position in NVIDIA by 25.9% during the third quarter. Cornerstone Wealth Advisors Inc. now owns 831 shares of the computer hardware maker’s stock worth $361,000 after buying an additional 171 shares during the period. Maryland State Retirement & Pension System increased its holdings in shares of NVIDIA by 0.4% in the 3rd quarter. Maryland State Retirement & Pension System now owns 182,728 shares of the computer hardware maker’s stock valued at $79,485,000 after acquiring an additional 794 shares during the period. Curated Wealth Partners LLC raised its position in NVIDIA by 48.7% in the 3rd quarter. Curated Wealth Partners LLC now owns 3,316 shares of the computer hardware maker’s stock valued at $1,442,000 after purchasing an additional 1,086 shares during the last quarter. Signature Wealth Management Partners LLC boosted its stake in NVIDIA by 21.4% during the 3rd quarter. Signature Wealth Management Partners LLC now owns 873 shares of the computer hardware maker’s stock worth $380,000 after purchasing an additional 154 shares during the period. Finally, Birchcreek Wealth Management LLC grew its position in NVIDIA by 1.4% during the 3rd quarter. Birchcreek Wealth Management LLC now owns 3,904 shares of the computer hardware maker’s stock worth $1,698,000 after purchasing an additional 55 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Buying and Selling

In other NVIDIA news, Director John Dabiri sold 128 shares of NVIDIA stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the completion of the sale, the director now owns 2,055 shares in the company, valued at approximately $1,931,700. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other NVIDIA news, Director Mark A. Stevens sold 5,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the completion of the sale, the director now owns 1,119,583 shares of the company’s stock, valued at $896,494,891.42. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John Dabiri sold 128 shares of NVIDIA stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $940.00, for a total value of $120,320.00. Following the completion of the transaction, the director now directly owns 2,055 shares in the company, valued at $1,931,700. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 61,278 shares of company stock worth $52,689,898. 3.99% of the stock is owned by company insiders.

NVIDIA Price Performance

NVIDIA stock opened at $887.47 on Friday. The firm’s 50-day moving average is $874.91 and its two-hundred day moving average is $661.05. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. The stock has a market capitalization of $2.22 trillion, a P/E ratio of 74.33, a P/E/G ratio of 1.27 and a beta of 1.75. NVIDIA Co. has a 12-month low of $280.46 and a 12-month high of $974.00.

NVIDIA (NASDAQ:NVDA) last announced its 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. The firm had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. NVIDIA’s revenue was up 265.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.65 earnings per share. Equities analysts predict that NVIDIA Co. will post 22.55 earnings per share for the current year.

NVIDIA Announces Dividend

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

Wall Street Analysts Forecast Growth

NVDA has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft boosted their price target on NVIDIA from $720.00 to $850.00 and gave the company a “hold” rating in a research report on Wednesday, March 20th. HSBC upped their price target on NVIDIA from $880.00 to $1,050.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Wolfe Research lifted their price objective on shares of NVIDIA from $630.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Rosenblatt Securities restated a “buy” rating and set a $1,100.00 price objective on shares of NVIDIA in a research report on Tuesday, February 20th. Finally, Piper Sandler Companies lifted their target price on shares of NVIDIA to $850.00 and gave the company an “overweight” rating in a report on Friday, February 16th. 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 MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and a consensus target price of $944.05.

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.