Harbour Investments Inc. Purchases 25,259 Shares of NVIDIA Co. (NASDAQ:NVDA)

Harbour Investments Inc. increased its position in NVIDIA Co. (NASDAQ:NVDA) by 11.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 244,248 shares of the computer hardware maker’s stock after buying an additional 25,259 shares during the quarter. NVIDIA accounts for 0.9% of Harbour Investments Inc.’s portfolio, making the stock its 20th largest position. Harbour Investments Inc.’s holdings in NVIDIA were worth $32,800,000 at the end of the most recent quarter.

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

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $101.33 on Monday. The company has a market capitalization of $2.47 trillion, a P/E ratio of 39.88, a P/E/G ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a 1-year low of $76.40 and a 1-year high of $195.95. The firm’s 50 day simple moving average is $116.56 and its two-hundred day simple moving average is $129.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

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

NVIDIA Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Bank of America lowered their price objective on shares of NVIDIA from $200.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. Rosenblatt Securities lowered their target price on NVIDIA from $220.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. Truist Financial upped their price target on NVIDIA from $204.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Benchmark reissued a “buy” rating and set a $190.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, William Blair restated an “outperform” rating on shares of NVIDIA in a report on Thursday, March 20th. Six 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 company. According to MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and a consensus price target of $165.51.

Insider Activity at NVIDIA

In other news, Director Robert K. Burgess sold 53,324 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the completion of the transaction, the director now owns 251,044 shares in the company, valued at $28,993,071.56. This trade represents a 17.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John Dabiri sold 2,663 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the sale, the director now owns 17,279 shares in the company, valued at $1,900,690. This represents a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is owned by company insiders.

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.