NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by Curi RMB Capital LLC

Curi RMB Capital LLC lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 254.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 329,363 shares of the computer hardware maker’s stock after acquiring an additional 236,548 shares during the quarter. NVIDIA accounts for about 1.0% of Curi RMB Capital LLC’s portfolio, making the stock its 20th largest position. Curi RMB Capital LLC’s holdings in NVIDIA were worth $44,230,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its holdings in NVIDIA by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 97,572,687 shares of the computer hardware maker’s stock worth $13,105,987,000 after purchasing an additional 2,790,135 shares in the last quarter. Elevatus Welath Management boosted its position in shares of NVIDIA by 33.0% in the 4th quarter. Elevatus Welath Management now owns 147,204 shares of the computer hardware maker’s stock valued at $19,768,000 after purchasing an additional 36,525 shares during the period. Emory University grew its stake in NVIDIA by 4.5% during the 4th quarter. Emory University now owns 3,272 shares of the computer hardware maker’s stock worth $439,000 after buying an additional 142 shares during the last quarter. Epoch Investment Partners Inc. increased its position in NVIDIA by 3.7% during the fourth quarter. Epoch Investment Partners Inc. now owns 1,527,937 shares of the computer hardware maker’s stock worth $205,187,000 after buying an additional 55,057 shares during the period. Finally, First Trust Advisors LP lifted its stake in NVIDIA by 16.3% in the fourth quarter. First Trust Advisors LP now owns 4,698,018 shares of the computer hardware maker’s stock valued at $630,897,000 after buying an additional 659,412 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Stock Up 0.4%

Shares of NASDAQ:NVDA opened at $135.40 on Friday. The stock’s 50-day moving average price is $112.33 and its two-hundred day moving average price is $127.06. 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 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.

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, topping analysts’ consensus estimates of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. On average, research analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were issued a $0.01 dividend. 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 payout ratio is currently 1.36%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on NVDA shares. Piper Sandler reiterated an “overweight” rating on shares of NVIDIA in a research report on Friday, April 25th. Truist Financial increased their target price on shares of NVIDIA from $204.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. UBS Group cut their price objective on shares of NVIDIA from $180.00 to $175.00 and set a “buy” rating for the company in a research report on Monday, May 12th. Wedbush reissued an “outperform” rating and issued a $175.00 target price on shares of NVIDIA in a report on Wednesday, April 16th. Finally, DZ Bank raised shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.84.

Insider Buying and Selling at NVIDIA

In other news, Director Robert K. Burgess sold 53,324 shares of the business’s stock in a transaction dated 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 approximately $28,993,071.56. The trade was a 17.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Colette Kress sold 66,660 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the sale, the chief financial officer now directly owns 3,085,765 shares of the company’s stock, valued at approximately $360,509,924.95. This trade represents a 2.11% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 147,147 shares of company stock valued at $17,133,207. Company insiders own 4.23% of the company’s stock.

NVIDIA 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.