Foundry Partners LLC Raises Holdings in NVIDIA Co. (NASDAQ:NVDA)

Foundry Partners LLC boosted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 9.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,540 shares of the computer hardware maker’s stock after buying an additional 715 shares during the period. Foundry Partners LLC’s holdings in NVIDIA were worth $1,147,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. DiNuzzo Private Wealth Inc. grew its position in NVIDIA by 0.8% during the 4th quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker’s stock worth $1,157,000 after purchasing an additional 71 shares during the period. Palisade Asset Management LLC boosted its stake in shares of NVIDIA by 0.5% in the third quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker’s stock worth $1,866,000 after buying an additional 75 shares during the last quarter. Baker Boyer National Bank grew its holdings in NVIDIA by 3.3% during the fourth quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker’s stock worth $323,000 after acquiring an additional 76 shares during the period. Kwmg LLC grew its holdings in NVIDIA by 0.6% during the fourth quarter. Kwmg LLC now owns 13,067 shares of the computer hardware maker’s stock worth $1,755,000 after acquiring an additional 77 shares during the period. Finally, SC&H Financial Advisors Inc. lifted its holdings in NVIDIA by 1.6% in the fourth quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker’s stock valued at $681,000 after acquiring an additional 80 shares during the period. Institutional investors own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on NVDA shares. Piper Sandler reaffirmed an “overweight” rating on shares of NVIDIA in a research note on Friday, April 25th. 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 research report on Monday, April 14th. TD Cowen decreased their price objective on shares of NVIDIA from $175.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Susquehanna restated a “positive” rating and set a $180.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, Bank of America reduced their price target on NVIDIA from $200.00 to $160.00 and set a “buy” rating for the company in a 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 given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $164.96.

NVIDIA Trading Down 0.6 %

Shares of NVDA opened at $113.82 on Tuesday. NVIDIA Co. has a 12-month low of $86.62 and a 12-month high of $195.95. The firm has a market capitalization of $2.78 trillion, a P/E ratio of 44.79, a P/E/G ratio of 1.76 and a beta of 2.11. The firm has a 50-day moving average price of $110.50 and a 200 day moving average price of $127.91. 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 posted its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.05. The business had revenue of $39.33 billion during 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 year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were given 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 dividend payout ratio is currently 1.36%.

Insider Activity

In related news, Director John Dabiri sold 2,663 shares of the business’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 sale, the director now directly owns 17,279 shares in the company, valued at approximately $1,900,690. The trade was a 13.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert K. Burgess sold 53,324 shares of the company’s stock in a transaction dated 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 $28,993,071.56. The trade was a 17.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock valued at $17,133,207 in the last quarter. Insiders own 4.23% of the company’s stock.

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.