202,972 Shares in NVIDIA Co. (NASDAQ:NVDA) Bought by Bearing Point Capital LLC

Bearing Point Capital LLC acquired a new position in NVIDIA Co. (NASDAQ:NVDA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 202,972 shares of the computer hardware maker’s stock, valued at approximately $27,257,000. NVIDIA makes up approximately 5.7% of Bearing Point Capital LLC’s investment portfolio, making the stock its largest position.

Other hedge funds also recently bought and sold shares of the company. Tacita Capital Inc bought a new stake in NVIDIA during the fourth quarter valued at about $28,000. Legend Financial Advisors Inc. acquired a new position in NVIDIA in the fourth quarter worth about $34,000. Vision Financial Markets LLC acquired a new position in NVIDIA in the fourth quarter worth about $38,000. Luken Investment Analytics LLC acquired a new position in NVIDIA in the fourth quarter worth about $40,000. Finally, Lowe Wealth Advisors LLC acquired a new position in NVIDIA in the fourth quarter worth about $46,000. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Performance

Shares of NVDA opened at $131.29 on Friday. The firm has a 50-day moving average of $113.89 and a 200-day moving average of $126.94. NVIDIA Co. has a one year low of $86.62 and a one year high of $195.95. The company has a market cap of $3.21 trillion, a PE ratio of 51.67, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping the consensus estimate of $0.84 by $0.05. The business had revenue of $39.33 billion during the quarter, compared to the consensus estimate 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 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders 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 of this dividend was Wednesday, March 12th. NVIDIA’s dividend payout ratio is currently 1.36%.

Insider Buying and Selling at NVIDIA

In other news, CFO Colette Kress sold 66,660 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the transaction, the chief financial officer now directly owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. The trade was a 2.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the transaction, the insider now directly owns 479,428 shares of the company’s stock, valued at approximately $55,997,190.40. The trade was a 0.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock valued at $17,133,207 in the last quarter. Company insiders own 4.23% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on NVDA shares. Hsbc Global Res lowered shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 3rd. Rosenblatt Securities reduced their price objective on shares of NVIDIA from $220.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Susquehanna reaffirmed a “positive” rating and issued a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Needham & Company LLC reissued a “buy” rating and set a $160.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, DA Davidson reduced their price target on shares of NVIDIA from $125.00 to $120.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $165.86.

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.