Murphy & Mullick Capital Management Corp Takes $3.65 Million Position in NVIDIA Co. (NASDAQ:NVDA)

Murphy & Mullick Capital Management Corp bought a new position in shares of NVIDIA Co. (NASDAQ:NVDA) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 27,189 shares of the computer hardware maker’s stock, valued at approximately $3,651,000. NVIDIA comprises approximately 3.4% of Murphy & Mullick Capital Management Corp’s holdings, making the stock its 2nd largest position.

Other institutional investors have also added to or reduced their stakes in the company. BG Investment Services Inc. acquired a new position in shares of NVIDIA in the fourth quarter valued at $678,000. AI Squared Management Ltd boosted its position in shares of NVIDIA by 7.7% in the fourth quarter. AI Squared Management Ltd now owns 46,300 shares of the computer hardware maker’s stock valued at $6,218,000 after acquiring an additional 3,300 shares during the period. Discovery Value Fund boosted its position in shares of NVIDIA by 276.2% in the fourth quarter. Discovery Value Fund now owns 339,545 shares of the computer hardware maker’s stock valued at $45,597,000 after acquiring an additional 249,288 shares during the period. Momentous Wealth Management Inc. bought a new stake in shares of NVIDIA in the fourth quarter valued at about $1,142,000. Finally, Florida Financial Advisors LLC lifted its holdings in shares of NVIDIA by 27.8% during the 4th quarter. Florida Financial Advisors LLC now owns 44,614 shares of the computer hardware maker’s stock worth $5,992,000 after acquiring an additional 9,718 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Stock Performance

Shares of NVDA opened at $108.76 on Tuesday. The firm has a market cap of $2.65 trillion, a PE ratio of 42.80, a PEG ratio of 1.76 and a beta of 1.96. The stock’s fifty day moving average price is $112.60 and its two-hundred day moving average price is $128.76. 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 Co. has a 1 year low of $81.25 and a 1 year high of $195.95.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. On average, equities research analysts forecast that NVIDIA Co. will post 2.77 EPS for the current 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 given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.04%. The ex-dividend date was Wednesday, March 12th. NVIDIA’s payout ratio is 1.36%.

Analyst Upgrades and Downgrades

NVDA has been the topic of a number of recent analyst reports. Citigroup reissued a “buy” rating on shares of NVIDIA in a research note on Wednesday, April 16th. Hsbc Global Res cut shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 3rd. Benchmark reissued a “buy” rating and issued a $190.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. DZ Bank upgraded shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. Finally, TD Cowen dropped their target price on shares of NVIDIA from $175.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Six analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, NVIDIA presently has a consensus rating of “Moderate Buy” and an average price target of $164.96.

Insider Transactions at NVIDIA

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the business’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the completion of the sale, the insider now owns 479,428 shares of the company’s stock, valued at approximately $55,997,190.40. The trade was a 0.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert K. Burgess sold 53,324 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the sale, the director now directly owns 251,044 shares of the company’s stock, valued at approximately $28,993,071.56. This trade represents a 17.52 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 147,147 shares of company stock worth $17,133,207. 4.23% of the stock is currently owned by corporate insiders.

NVIDIA 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.