Westbourne Investments Inc. Makes New $9.71 Million Investment in NVIDIA Co. (NASDAQ:NVDA)

Westbourne Investments Inc. bought a new stake in shares of NVIDIA Co. (NASDAQ:NVDA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 72,315 shares of the computer hardware maker’s stock, valued at approximately $9,711,000. NVIDIA makes up about 5.7% of Westbourne Investments Inc.’s investment portfolio, making the stock its largest position.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Freestone Grove Partners LP bought a new position in shares of NVIDIA during the fourth quarter valued at approximately $5,796,000. Fifth Lane Capital LP bought a new position in shares of NVIDIA during the fourth quarter valued at approximately $604,000. Widmann Financial Services Inc. increased its stake in shares of NVIDIA by 4.3% during the fourth quarter. Widmann Financial Services Inc. now owns 2,502 shares of the computer hardware maker’s stock valued at $336,000 after purchasing an additional 104 shares in the last quarter. Wise Wealth Partners purchased a new stake in shares of NVIDIA during the fourth quarter valued at approximately $582,000. Finally, Unisphere Establishment grew its holdings in shares of NVIDIA by 12.9% during the fourth quarter. Unisphere Establishment now owns 1,717,800 shares of the computer hardware maker’s stock valued at $230,683,000 after buying an additional 196,000 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Up 0.8%

NVDA opened at $132.83 on Friday. 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 1-year low of $86.62 and a 1-year high of $195.95. The company has a market capitalization of $3.25 trillion, a PE ratio of 52.27, a PEG ratio of 1.76 and a beta of 2.11. The firm’s 50 day simple moving average is $113.57 and its two-hundred day simple moving average is $126.99.

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

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were paid a $0.01 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 1.36%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Hsbc Global Res cut shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 3rd. Summit Insights cut shares of NVIDIA from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Rosenblatt Securities cut their price target on shares of NVIDIA from $220.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Citigroup reiterated a “buy” rating on shares of NVIDIA in a report on Wednesday, April 16th. Finally, KeyCorp set a $190.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $164.84.

Insider Transactions at NVIDIA

In other news, Director John Dabiri sold 2,663 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert K. Burgess sold 53,324 shares of the stock in a transaction on 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 directly owns 251,044 shares of the company’s stock, valued at approximately $28,993,071.56. This trade represents a 17.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock valued at $17,133,207 over the last three months. 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.