Knightsbridge Asset Management LLC Acquires 599 Shares of NVIDIA Co. (NASDAQ:NVDA)

Knightsbridge Asset Management LLC boosted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 10.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 6,618 shares of the computer hardware maker’s stock after buying an additional 599 shares during the period. Knightsbridge Asset Management LLC’s holdings in NVIDIA were worth $889,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of NVDA. SOA Wealth Advisors LLC. increased its stake in shares of NVIDIA by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker’s stock valued at $14,650,000 after buying an additional 350 shares during the period. Principal Financial Group Inc. lifted its stake in NVIDIA by 3.7% during the 3rd quarter. Principal Financial Group Inc. now owns 35,627,274 shares of the computer hardware maker’s stock valued at $4,326,576,000 after acquiring an additional 1,285,897 shares in the last quarter. Dorsey Wright & Associates raised its stake in shares of NVIDIA by 1.5% during the 3rd quarter. Dorsey Wright & Associates now owns 104,828 shares of the computer hardware maker’s stock worth $12,730,000 after purchasing an additional 1,536 shares during the period. Kensington Investment Counsel LLC raised its stake in NVIDIA by 2.0% in the 3rd quarter. Kensington Investment Counsel LLC now owns 29,555 shares of the computer hardware maker’s stock valued at $3,589,000 after acquiring an additional 578 shares during the period. Finally, Kimelman & Baird LLC grew its holdings in shares of NVIDIA by 680.4% during the third quarter. Kimelman & Baird LLC now owns 51,423 shares of the computer hardware maker’s stock worth $6,245,000 after purchasing an additional 44,834 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on NVDA. Needham & Company LLC reissued a “buy” rating and set a $160.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Susquehanna reissued a “positive” rating and issued a $180.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. DA Davidson cut their price objective on NVIDIA from $125.00 to $120.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. TD Cowen lowered their target price on NVIDIA from $175.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Finally, Piper Sandler reiterated an “overweight” rating on shares of NVIDIA in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.84.

Insider Buying and Selling

In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the sale, the director now directly owns 251,044 shares of the company’s stock, valued at $28,993,071.56. The trade was a 17.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Colette Kress sold 66,660 shares of the business’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the transaction, the chief financial officer now owns 3,085,765 shares in the company, valued at $360,509,924.95. The trade was a 2.11% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 147,147 shares of company stock worth $17,133,207. 4.23% of the stock is owned by insiders.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA opened at $135.57 on Tuesday. NVIDIA Co. has a 1 year low of $86.62 and a 1 year high of $195.95. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The stock has a market capitalization of $3.32 trillion, a price-to-earnings ratio of 53.35, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. The company’s 50 day simple moving average is $112.73 and its 200 day simple moving average is $126.93.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. The company had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. As a group, research analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal 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. 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 presently 1.36%.

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.