US Asset Management LLC Makes New $3.96 Million Investment in NVIDIA Co. (NASDAQ:NVDA)

US Asset Management LLC purchased a new position in shares of NVIDIA Co. (NASDAQ:NVDAFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,994 shares of the computer hardware maker’s stock, valued at approximately $3,959,000. NVIDIA accounts for 3.9% of US Asset Management LLC’s investment portfolio, making the stock its 3rd biggest position.

Other hedge funds also recently bought and sold shares of the company. GDS Wealth Management acquired a new position in shares of NVIDIA during the fourth quarter worth $229,000. Breed s Hill Capital LLC purchased a new stake in NVIDIA during the 4th quarter worth about $469,000. Wealthspire Advisors LLC boosted its position in shares of NVIDIA by 16.3% during the 4th quarter. Wealthspire Advisors LLC now owns 12,278 shares of the computer hardware maker’s stock worth $6,080,000 after acquiring an additional 1,724 shares in the last quarter. Catalyst Financial Partners LLC increased its holdings in shares of NVIDIA by 5.2% in the 4th quarter. Catalyst Financial Partners LLC now owns 8,700 shares of the computer hardware maker’s stock valued at $4,308,000 after acquiring an additional 431 shares during the last quarter. Finally, AI Squared Management Ltd purchased a new stake in NVIDIA during the fourth quarter worth approximately $5,702,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Buying and Selling

In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total value of $7,975,700.00. Following the completion of the transaction, the director now directly owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of NVIDIA stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the sale, the director now owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the transaction, the director now owns 1,124,583 shares in the company, valued at $896,933,663.31. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 61,278 shares of company stock worth $52,689,898. 3.99% of the stock is owned by insiders.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $946.30 on Thursday. 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 business’s fifty day moving average price is $880.47 and its two-hundred day moving average price is $676.35. The stock has a market cap of $2.37 trillion, a PE ratio of 79.25, a price-to-earnings-growth ratio of 1.29 and a beta of 1.75. NVIDIA Co. has a one year low of $288.32 and a one year high of $974.00.

NVIDIA (NASDAQ:NVDAGet Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $20.40 billion. During the same quarter last year, the company earned $0.65 earnings per share. The business’s revenue for the quarter was up 265.3% compared to the same quarter last year. On average, analysts forecast that NVIDIA Co. will post 22.6 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Analyst Ratings Changes

NVDA has been the subject of several recent analyst reports. Citigroup boosted their price objective on shares of NVIDIA from $820.00 to $1,030.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. TD Cowen boosted their price target on shares of NVIDIA from $900.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Thursday, March 21st. Piper Sandler raised their price objective on NVIDIA from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Sanford C. Bernstein boosted their target price on NVIDIA from $700.00 to $1,000.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Finally, Raymond James raised their price target on NVIDIA from $850.00 to $1,100.00 and gave the stock a “strong-buy” rating in a research note on Thursday, April 11th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $966.55.

View Our Latest Analysis on NVIDIA

About NVIDIA

(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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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