NVIDIA Co. (NASDAQ:NVDA) Position Raised by Ossiam

Ossiam lifted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 261.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,665,260 shares of the computer hardware maker’s stock after buying an additional 1,204,260 shares during the period. NVIDIA makes up 7.3% of Ossiam’s portfolio, making the stock its 5th biggest position. Ossiam’s holdings in NVIDIA were worth $223,628,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Tacita Capital Inc bought a new stake in NVIDIA during the 4th quarter valued at approximately $28,000. Legend Financial Advisors Inc. bought a new stake in NVIDIA during the 4th quarter valued at approximately $34,000. Vision Financial Markets LLC bought a new stake in NVIDIA during the 4th quarter valued at approximately $38,000. Luken Investment Analytics LLC bought a new stake in NVIDIA during the 4th quarter valued at approximately $40,000. Finally, Lowe Wealth Advisors LLC bought a new stake in NVIDIA during the 4th quarter valued at approximately $46,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NVIDIA

In related news, Director John Dabiri sold 2,663 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the transaction, the director now directly owns 17,279 shares of the company’s stock, valued at $1,900,690. This represents a 13.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Colette Kress sold 66,660 shares of the company’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the transaction, the chief financial officer now directly owns 3,085,765 shares in the company, valued at $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. In the last three months, insiders sold 147,147 shares of company stock valued at $17,133,207. Corporate insiders own 4.23% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Wedbush reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of NVIDIA in a research note on Wednesday, April 16th. Benchmark reaffirmed a “buy” rating and issued a $190.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. DA Davidson reduced their price objective on NVIDIA from $125.00 to $120.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Raymond James reaffirmed a “strong-buy” rating on shares of NVIDIA in a research note on Wednesday, April 16th. Finally, Tigress Financial reiterated a “buy” rating on shares of NVIDIA in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $164.84.

NVIDIA Trading Up 0.4%

NVDA opened at $135.40 on Friday. The firm has a market cap of $3.31 trillion, a price-to-earnings ratio of 53.29, a PEG ratio of 1.76 and a beta of 2.11. 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 Co. has a 12 month low of $86.62 and a 12 month high of $195.95. The stock has a fifty day moving average price of $112.33 and a 200-day moving average price of $127.06.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping the consensus estimate of $0.84 by $0.05. The firm had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. As a group, equities research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

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.