Diligent Investors LLC Has $5.09 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

Diligent Investors LLC lifted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 9.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,874 shares of the computer hardware maker’s stock after purchasing an additional 3,157 shares during the period. NVIDIA accounts for 1.2% of Diligent Investors LLC’s portfolio, making the stock its 10th largest holding. Diligent Investors LLC’s holdings in NVIDIA were worth $5,086,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the company. Eagle Global Advisors LLC lifted its holdings in NVIDIA by 19.2% during the 4th quarter. Eagle Global Advisors LLC now owns 349,785 shares of the computer hardware maker’s stock valued at $46,973,000 after purchasing an additional 56,445 shares during the last quarter. EHP Funds Inc. raised its position in shares of NVIDIA by 68.3% in the fourth quarter. EHP Funds Inc. now owns 17,000 shares of the computer hardware maker’s stock valued at $2,283,000 after purchasing an additional 6,900 shares during the period. Collar Capital Management LLC acquired a new stake in shares of NVIDIA during the 4th quarter worth about $492,000. Colonial Trust Co SC boosted its holdings in shares of NVIDIA by 8.1% during the 4th quarter. Colonial Trust Co SC now owns 80,240 shares of the computer hardware maker’s stock worth $10,775,000 after buying an additional 6,035 shares during the period. Finally, Comprehensive Financial Management LLC grew its stake in NVIDIA by 25.0% in the 4th quarter. Comprehensive Financial Management LLC now owns 5,000 shares of the computer hardware maker’s stock valued at $671,000 after buying an additional 1,000 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NVDA shares. Cantor Fitzgerald restated an “overweight” rating and set a $200.00 price objective on shares of NVIDIA in a report on Wednesday, April 16th. Rosenblatt Securities dropped their price target on NVIDIA from $220.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. TD Cowen reduced their price target on NVIDIA from $175.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. HSBC cut NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 price objective on the stock. in a research report on Thursday, April 3rd. Finally, Hsbc Global Res downgraded shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 3rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, thirty-three have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $167.53.

NVIDIA Price Performance

NVDA stock opened at $131.29 on Monday. The stock has a market cap of $3.21 trillion, a price-to-earnings ratio of 51.67, a P/E/G 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. The company has a 50 day simple moving average of $113.89 and a 200 day simple moving average of $126.65. NVIDIA Co. has a 1 year low of $86.62 and a 1 year high of $195.95.

NVIDIA (NASDAQ:NVDA) last announced 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. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. Research analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Insider Activity

In related news, Director Aarti S. Shah sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total value of $2,368,400.00. Following the completion of the transaction, the director now owns 53,208 shares in the company, valued at $6,300,891.36. This trade represents a 27.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the sale, the insider now directly owns 479,428 shares in the company, 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. Over the last three months, insiders have sold 147,147 shares of company stock valued at $17,133,207. 4.17% of the stock is currently owned by corporate insiders.

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.