O Shaughnessy Asset Management LLC Purchases 199,251 Shares of NVIDIA Co. (NASDAQ:NVDA)

O Shaughnessy Asset Management LLC raised its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 9.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,395,889 shares of the computer hardware maker’s stock after purchasing an additional 199,251 shares during the period. NVIDIA accounts for approximately 2.7% of O Shaughnessy Asset Management LLC’s holdings, making the stock its 4th biggest position. O Shaughnessy Asset Management LLC’s holdings in NVIDIA were worth $321,744,000 at the end of the most recent quarter.

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

NVIDIA Stock Performance

NVDA opened at $114.50 on Friday. The stock has a 50-day moving average of $110.85 and a 200-day moving average of $128.19. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Co. has a 52-week low of $86.62 and a 52-week high of $195.95. The company has a market cap of $2.79 trillion, a PE ratio of 45.06, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96.

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 the consensus estimate 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 the consensus estimate of $38.16 billion. As a group, equities research analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date was Wednesday, March 12th. NVIDIA’s dividend payout ratio is 1.36%.

Insider Buying and Selling at NVIDIA

In related news, Director Robert K. Burgess sold 53,324 shares of the stock in a transaction that occurred on 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 sale, the director now owns 251,044 shares in the company, valued at $28,993,071.56. This represents a 17.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the transaction, the chief financial officer now directly owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. This represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock worth $17,133,207 over the last ninety days. Company insiders own 4.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Raymond James restated a “strong-buy” rating on shares of NVIDIA in a research report on Wednesday, April 16th. TD Cowen reduced their target price on shares of NVIDIA from $175.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Truist Financial upped their price target on NVIDIA from $204.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Needham & Company LLC reissued a “buy” rating and set a $160.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Wedbush reaffirmed an “outperform” rating and set a $175.00 target price on shares of NVIDIA in a research report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and an average target price of $164.96.

NVIDIA Company 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.