Claret Asset Management Corp Acquires 941 Shares of NVIDIA Co. (NASDAQ:NVDA)

Claret Asset Management Corp grew its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,187 shares of the computer hardware maker’s stock after acquiring an additional 941 shares during the quarter. Claret Asset Management Corp’s holdings in NVIDIA were worth $4,725,000 at the end of the most recent quarter.

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

Insider Activity

In related news, Director Robert K. Burgess sold 53,324 shares of NVIDIA stock in a transaction that occurred 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 transaction, the director now directly owns 251,044 shares of the company’s stock, valued at $28,993,071.56. This trade represents a 17.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director John Dabiri sold 2,663 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the transaction, the director now directly owns 17,279 shares of the company’s stock, valued at $1,900,690. This trade represents a 13.35% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,147 shares of company stock worth $17,133,207. 4.23% of the stock is currently owned by corporate insiders.

NVIDIA Stock Up 0.4%

Shares of NASDAQ NVDA opened at $135.40 on Friday. The stock has a 50 day moving average price of $112.33 and a 200 day moving average price of $127.06. The firm has a market capitalization of $3.31 trillion, a price-to-earnings ratio of 53.29, a PEG ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a 52-week low of $86.62 and a 52-week high of $195.95. 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 (NASDAQ:NVDA) last issued its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping 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 return on equity of 114.83% and a net margin of 55.69%. Sell-side analysts expect that NVIDIA Co. will post 2.77 earnings per share 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 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 (DPR) is 1.36%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on NVDA shares. Morgan Stanley cut their price objective on NVIDIA from $162.00 to $160.00 and set an “overweight” rating on the stock in a research report on Friday, April 25th. Wedbush reaffirmed an “outperform” rating and set a $175.00 price objective on shares of NVIDIA in a research report on Wednesday, April 16th. Piper Sandler reissued an “overweight” rating on shares of NVIDIA in a report on Friday, April 25th. DZ Bank raised shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th. Finally, Raymond James reissued a “strong-buy” rating on shares of NVIDIA in a report 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 assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $164.84.

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.