48,500 Shares in NVIDIA Co. (NASDAQ:NVDA) Purchased by Hartree Partners LP

Hartree Partners LP acquired a new stake in NVIDIA Co. (NASDAQ:NVDA) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 48,500 shares of the computer hardware maker’s stock, valued at approximately $6,513,000. NVIDIA accounts for approximately 2.4% of Hartree Partners LP’s holdings, making the stock its 13th largest position.

A number of other hedge funds have also added to or reduced their stakes in the stock. Watchman Group Inc. purchased a new position in shares of NVIDIA during the fourth quarter valued at $208,000. Schroder Investment Management Group increased its position in NVIDIA by 9.1% during the 4th quarter. Schroder Investment Management Group now owns 34,257,095 shares of the computer hardware maker’s stock valued at $4,600,385,000 after purchasing an additional 2,863,090 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of NVIDIA by 26.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 65,827,070 shares of the computer hardware maker’s stock valued at $8,840,117,000 after purchasing an additional 13,571,425 shares in the last quarter. MV Capital Management Inc. lifted its position in shares of NVIDIA by 0.3% in the 4th quarter. MV Capital Management Inc. now owns 121,221 shares of the computer hardware maker’s stock worth $16,279,000 after purchasing an additional 323 shares during the period. Finally, Strategy Asset Managers LLC boosted its stake in shares of NVIDIA by 0.8% during the fourth quarter. Strategy Asset Managers LLC now owns 52,307 shares of the computer hardware maker’s stock valued at $7,024,000 after purchasing an additional 405 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NVDA. KeyCorp set a $190.00 target price on NVIDIA in a report on Wednesday, March 19th. Raymond James reaffirmed a “strong-buy” rating on shares of NVIDIA in a research report on Wednesday, April 16th. DA Davidson reduced their target price on shares of NVIDIA from $125.00 to $120.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Needham & Company LLC restated a “buy” rating and issued a $160.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Finally, DZ Bank upgraded shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $164.96.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were 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 directly owns 251,044 shares in the company, valued at approximately $28,993,071.56. This represents a 17.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction dated Monday, March 10th. The shares were 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 in the company, valued at approximately $1,900,690. This trade represents a 13.35 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 147,147 shares of company stock valued at $17,133,207. Company insiders own 4.23% of the company’s stock.

NVIDIA Trading Up 2.5 %

NVIDIA stock opened at $111.61 on Friday. The firm has a market cap of $2.72 trillion, a PE ratio of 43.92, a P/E/G ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a 12 month low of $83.20 and a 12 month high of $195.95. The stock’s 50 day simple moving average is $111.09 and its two-hundred day simple moving average is $128.31. 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 (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating the consensus estimate of $0.84 by $0.05. The company had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. Analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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