NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by Appaloosa LP

Appaloosa LP increased its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 8.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 680,001 shares of the computer hardware maker’s stock after purchasing an additional 55,001 shares during the quarter. NVIDIA accounts for approximately 1.4% of Appaloosa LP’s investment portfolio, making the stock its 21st largest holding. Appaloosa LP’s holdings in NVIDIA were worth $91,317,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Tacita Capital Inc acquired a new position in NVIDIA in the 4th quarter worth about $28,000. Legend Financial Advisors Inc. acquired a new position in shares of NVIDIA during the 4th quarter worth approximately $34,000. Vision Financial Markets LLC purchased a new position in shares of NVIDIA during the 4th quarter valued at approximately $38,000. Luken Investment Analytics LLC acquired a new stake in NVIDIA in the 4th quarter valued at $40,000. Finally, Lowe Wealth Advisors LLC purchased a new stake in NVIDIA in the 4th quarter worth $46,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insiders Place Their Bets

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the transaction, the insider now owns 479,428 shares in the company, valued at $55,997,190.40. This trade represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Dabiri sold 2,663 shares of the company’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the sale, the director now owns 17,279 shares of the company’s stock, valued at approximately $1,900,690. The trade was a 13.35 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 147,147 shares of company stock worth $17,133,207. 4.23% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on NVDA shares. Needham & Company LLC reissued a “buy” rating and set a $160.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Summit Insights cut NVIDIA from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Benchmark reaffirmed a “buy” rating and issued a $190.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. HSBC downgraded NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a research note on Thursday, April 3rd. Finally, KeyCorp set a $190.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Six equities research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $165.51.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $101.33 on Friday. The company has a 50 day moving average of $117.19 and a 200-day moving average of $129.89. The company has a market cap of $2.47 trillion, a PE ratio of 39.88, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 1-year low of $75.61 and a 1-year high of $195.95.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. The company had revenue of $39.33 billion during the quarter, compared to analysts’ expectations of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. As a group, equities research analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.04%. NVIDIA’s dividend payout ratio is currently 1.36%.

About NVIDIA

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.