Brasada Capital Management LP Has $7.41 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

Brasada Capital Management LP decreased its position in NVIDIA Co. (NASDAQ:NVDA) by 0.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 55,577 shares of the computer hardware maker’s stock after selling 123 shares during the period. NVIDIA comprises about 1.3% of Brasada Capital Management LP’s investment portfolio, making the stock its 23rd biggest holding. Brasada Capital Management LP’s holdings in NVIDIA were worth $7,405,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of NVIDIA during the 4th quarter valued at $43,515,504,000. Proficio Capital Partners LLC boosted its stake in shares of NVIDIA by 14,641.2% during 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 buying an additional 34,441,082 shares during the period. Capital International Investors boosted its stake in shares of NVIDIA by 34.7% during the 4th quarter. Capital International Investors now owns 62,883,868 shares of the computer hardware maker’s stock valued at $8,445,182,000 after buying an additional 16,189,550 shares during the period. APG Asset Management N.V. boosted its stake in shares of NVIDIA by 493.2% during the 4th quarter. APG Asset Management N.V. now owns 18,415,785 shares of the computer hardware maker’s stock valued at $2,388,272,000 after buying an additional 15,311,330 shares during the period. Finally, GQG Partners LLC boosted its stake in shares of 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 buying an additional 14,636,057 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $135.40 on Monday. The firm’s 50-day moving average is $112.33 and its 200-day moving average is $126.93. 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. The company 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 issued its 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. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. Equities research analysts anticipate 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. Stockholders of record on Wednesday, March 12th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is currently 1.36%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on NVDA shares. Needham & Company LLC reissued a “buy” rating and set a $160.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Summit Insights lowered shares of NVIDIA from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. William Blair reaffirmed an “outperform” rating on shares of NVIDIA in a research note on Thursday, March 20th. Raymond James reaffirmed a “strong-buy” rating on shares of NVIDIA in a research note on Wednesday, April 16th. Finally, Citigroup reaffirmed a “buy” rating on shares of NVIDIA in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and a consensus price target of $164.84.

Insider Activity

In other news, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the sale, the insider now directly owns 479,428 shares in the company, valued at $55,997,190.40. This represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 147,147 shares of company stock worth $17,133,207. Corporate insiders own 4.23% of the company’s stock.

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.