Susquehanna Fundamental Investments LLC Invests $7.17 Million in NVIDIA Co. (NASDAQ:NVDA)

Susquehanna Fundamental Investments LLC purchased a new position in shares of NVIDIA Co. (NASDAQ:NVDA) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 53,370 shares of the computer hardware maker’s stock, valued at approximately $7,167,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NVDA. SOA Wealth Advisors LLC. boosted its position in shares of NVIDIA by 0.3% during the third quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker’s stock worth $14,650,000 after purchasing an additional 350 shares in the last quarter. Principal Financial Group Inc. lifted its position in NVIDIA by 3.7% in 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 lifted its position in NVIDIA by 1.5% in the 3rd quarter. Dorsey Wright & Associates now owns 104,828 shares of the computer hardware maker’s stock valued at $12,730,000 after acquiring an additional 1,536 shares in the last quarter. Kensington Investment Counsel LLC lifted its position 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 in the last quarter. Finally, Kimelman & Baird LLC lifted its position in NVIDIA by 680.4% in the 3rd quarter. Kimelman & Baird LLC now owns 51,423 shares of the computer hardware maker’s stock valued at $6,245,000 after acquiring an additional 44,834 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NVDA. Raymond James reaffirmed a “strong-buy” rating on shares of NVIDIA in a research report on Wednesday, April 16th. Rosenblatt Securities cut their price objective on shares of NVIDIA from $220.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. UBS Group cut their price objective on shares of NVIDIA from $180.00 to $175.00 and set a “buy” rating on the stock in a research report on Monday, May 12th. Benchmark reaffirmed a “buy” rating and issued a $190.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $160.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. One research 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 assigned a strong buy rating to the stock. According to MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and a consensus target price of $164.84.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA opened at $135.57 on Tuesday. The company’s 50 day moving average price is $112.73 and its two-hundred day moving average price is $126.93. 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 $3.32 trillion, a PE ratio of 53.35, a PEG ratio of 1.76 and a beta of 2.11. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.05. The business 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%. Equities research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors 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 is 1.36%.

Insider Buying and Selling

In related news, Director Robert K. Burgess sold 53,324 shares of the 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 sale, the director now owns 251,044 shares in the company, valued at approximately $28,993,071.56. This trade represents a 17.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the sale, the director now owns 53,208 shares in the company, valued at $6,300,891.36. This represents a 27.32% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 147,147 shares of company stock worth $17,133,207. Corporate insiders own 4.23% of the company’s stock.

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.