Collar Capital Management LLC Makes New Investment in NVIDIA Co. (NASDAQ:NVDA)

Collar Capital Management LLC purchased a new stake in shares of NVIDIA Co. (NASDAQ:NVDA) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,660 shares of the computer hardware maker’s stock, valued at approximately $492,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Colonial Trust Co SC grew its holdings in shares of NVIDIA by 8.1% during the fourth quarter. Colonial Trust Co SC now owns 80,240 shares of the computer hardware maker’s stock valued at $10,775,000 after buying an additional 6,035 shares during the last quarter. Comprehensive Financial Management LLC lifted its position in NVIDIA by 25.0% during the 4th quarter. Comprehensive Financial Management LLC now owns 5,000 shares of the computer hardware maker’s stock worth $671,000 after acquiring an additional 1,000 shares during the period. Cornerstone Financial Group LLC NE purchased a new stake in NVIDIA during the 4th quarter valued at about $806,000. Cornerstone Select Advisors LLC purchased a new stake in NVIDIA during the 4th quarter valued at about $5,567,000. Finally, Crestline Management LP increased its holdings in shares of NVIDIA by 159.2% in the fourth quarter. Crestline Management LP now owns 703,108 shares of the computer hardware maker’s stock valued at $94,420,000 after purchasing an additional 431,805 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

NVDA has been the subject of a number of research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $160.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Raymond James restated a “strong-buy” rating on shares of NVIDIA in a research note on Wednesday, April 16th. Wedbush lowered shares of NVIDIA from an “outperform” rating to a “cautious” rating in a research note on Friday. KeyCorp set a $190.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Finally, William Blair reaffirmed an “outperform” rating on shares of NVIDIA in a research report on Thursday, March 20th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirty-three have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and an average price target of $167.53.

Insider Activity

In related news, Director John Dabiri sold 2,663 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the transaction, the director now directly owns 17,279 shares in the company, valued at approximately $1,900,690. This represents a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the completion of the transaction, the insider now owns 479,428 shares of the company’s stock, valued at $55,997,190.40. The trade was a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 147,147 shares of company stock valued at $17,133,207. 4.17% of the stock is currently owned by insiders.

NVIDIA Stock Performance

NVDA opened at $131.29 on Monday. NVIDIA Co. has a twelve month low of $86.62 and a twelve month high of $195.95. The firm has a market capitalization of $3.21 trillion, a PE ratio of 51.67, a PEG ratio of 1.76 and a beta of 2.11. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The firm’s 50-day moving average price is $113.89 and its 200 day moving average price is $126.65.

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, topping the consensus estimate of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $39.33 billion for the quarter, compared to analysts’ expectations of $38.16 billion. As a group, sell-side analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were issued 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 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.