NVIDIA Co. (NASDAQ:NVDA) Position Increased by Arlington Capital Management Inc.

Arlington Capital Management Inc. lifted its holdings in NVIDIA Co. (NASDAQ:NVDAFree Report) by 439.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,743 shares of the computer hardware maker’s stock after purchasing an additional 3,863 shares during the period. NVIDIA comprises approximately 2.1% of Arlington Capital Management Inc.’s portfolio, making the stock its 11th largest holding. Arlington Capital Management Inc.’s holdings in NVIDIA were worth $2,349,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of NVDA. International Assets Investment Management LLC grew its stake in NVIDIA by 54,019.5% during 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 buying an additional 16,835,703 shares during the last quarter. Vanguard Group Inc. grew its position in shares of NVIDIA by 1.1% during the third quarter. Vanguard Group Inc. now owns 203,680,199 shares of the computer hardware maker’s stock worth $88,598,850,000 after acquiring an additional 2,287,471 shares during the last quarter. California Public Employees Retirement System increased its holdings in shares of NVIDIA by 31.8% in the 4th quarter. California Public Employees Retirement System now owns 7,477,385 shares of the computer hardware maker’s stock worth $3,702,951,000 after acquiring an additional 1,805,763 shares during the period. J.P. Morgan Private Wealth Advisors LLC bought a new stake in NVIDIA in the 3rd quarter valued at about $728,543,000. Finally, Assenagon Asset Management S.A. boosted its stake in NVIDIA by 99.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,384,968 shares of the computer hardware maker’s stock valued at $1,037,437,000 after purchasing an additional 1,189,495 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total value of $410,229.00. Following the completion of the sale, the insider now directly owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other NVIDIA news, Director John Dabiri sold 128 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $940.00, for a total transaction of $120,320.00. Following the completion of the sale, the director now directly owns 2,055 shares in the company, valued at $1,931,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $911.62, for a total value 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,278 shares of company stock worth $52,689,898. Insiders own 3.99% of the company’s stock.

NVIDIA Stock Performance

Shares of NVDA opened at $946.30 on Thursday. NVIDIA Co. has a 52 week low of $288.32 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 company has a market capitalization of $2.37 trillion, a PE ratio of 79.25, a PEG ratio of 1.29 and a beta of 1.75. The company’s 50 day moving average price is $880.47 and its 200 day moving average price is $676.35.

NVIDIA (NASDAQ:NVDAGet Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. The business had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. NVIDIA’s revenue for the quarter was up 265.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.65 earnings per share. Research analysts expect that NVIDIA Co. will post 22.6 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Analyst Ratings Changes

A number of research firms have recently weighed in on NVDA. Needham & Company LLC lifted their price target on NVIDIA from $600.00 to $850.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Tigress Financial lifted their target price on NVIDIA from $790.00 to $985.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Piper Sandler increased their price target on NVIDIA from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. Raymond James lifted their price objective on shares of NVIDIA from $850.00 to $1,100.00 and gave the company a “strong-buy” rating in a research note on Thursday, April 11th. Finally, DA Davidson increased their target price on shares of NVIDIA from $410.00 to $620.00 and gave the company a “neutral” rating in a research report on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $966.55.

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NVIDIA Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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