Sanctuary Wealth Management L.L.C. Buys 212 Shares of NVIDIA Co. (NASDAQ:NVDA)

Sanctuary Wealth Management L.L.C. raised its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,552 shares of the computer hardware maker’s stock after buying an additional 212 shares during the quarter. NVIDIA comprises about 0.8% of Sanctuary Wealth Management L.L.C.’s investment portfolio, making the stock its 23rd biggest holding. Sanctuary Wealth Management L.L.C.’s holdings in NVIDIA were worth $1,148,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in NVDA. Norges Bank bought a new position in shares of NVIDIA in the fourth quarter worth approximately $43,515,504,000. Clear Street Derivatives LLC purchased a new position in NVIDIA in the 3rd quarter worth approximately $4,589,905,000. Proficio Capital Partners LLC lifted its position in NVIDIA by 14,641.2% in the 4th quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker’s stock valued at $4,656,682,000 after acquiring an additional 34,441,082 shares in the last quarter. GQG Partners LLC boosted its stake in NVIDIA by 132.3% during the 4th quarter. GQG Partners LLC now owns 25,697,930 shares of the computer hardware maker’s stock valued at $3,450,975,000 after purchasing an additional 14,636,057 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased 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 worth $8,840,117,000 after purchasing an additional 13,571,425 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

NVIDIA Price Performance

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

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

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA’s dividend payout ratio (DPR) is 1.36%.

Analyst Upgrades and Downgrades

NVDA has been the topic of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $160.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. DA Davidson dropped their price target on shares of NVIDIA from $125.00 to $120.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Citigroup reissued a “buy” rating on shares of NVIDIA in a report on Wednesday, April 16th. Truist Financial raised their target price on shares of NVIDIA from $204.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $200.00 target price on shares of NVIDIA in a research note on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $164.96.

Insider Activity

In other NVIDIA news, Director John Dabiri sold 2,663 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the transaction, the director now directly owns 17,279 shares in the company, valued at $1,900,690. This represents a 13.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Aarti S. Shah sold 20,000 shares of the firm’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the transaction, the director now owns 53,208 shares in the company, valued at $6,300,891.36. The trade was a 27.32 % 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 currently owned by insiders.

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.