Dimension Capital Management LLC Has $1.96 Million Holdings in NVIDIA Co. (NASDAQ:NVDA)

Dimension Capital Management LLC decreased its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 8.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,622 shares of the computer hardware maker’s stock after selling 1,412 shares during the quarter. Dimension Capital Management LLC’s holdings in NVIDIA were worth $1,964,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Diligent Investors LLC increased its stake in NVIDIA by 9.1% during the 4th quarter. Diligent Investors LLC now owns 37,874 shares of the computer hardware maker’s stock valued at $5,086,000 after purchasing an additional 3,157 shares in the last quarter. Eagle Global Advisors LLC grew its holdings in shares of NVIDIA by 19.2% during the fourth quarter. Eagle Global Advisors LLC now owns 349,785 shares of the computer hardware maker’s stock valued at $46,973,000 after buying an additional 56,445 shares during the last quarter. EHP Funds Inc. raised its holdings in shares of NVIDIA by 68.3% in the 4th quarter. EHP Funds Inc. now owns 17,000 shares of the computer hardware maker’s stock worth $2,283,000 after acquiring an additional 6,900 shares during the last quarter. Collar Capital Management LLC acquired a new stake in shares of NVIDIA in the 4th quarter worth about $492,000. Finally, Colonial Trust Co SC lifted its position in NVIDIA by 8.1% in the 4th quarter. Colonial Trust Co SC now owns 80,240 shares of the computer hardware maker’s stock valued at $10,775,000 after acquiring an additional 6,035 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Trading Down 1.2%

Shares of NVIDIA stock opened at $131.29 on Monday. The company’s 50-day moving average price is $113.89 and its 200-day moving average price is $126.65. 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 12-month low of $86.62 and a 12-month high of $195.95. The company has a market cap of $3.21 trillion, a price-to-earnings ratio of 51.67, a PEG ratio of 1.76 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. On average, equities analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were given 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%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Bank of America increased their price objective on NVIDIA from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, May 14th. Truist Financial increased their price target on NVIDIA from $204.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Arete Research upgraded shares of NVIDIA to a “strong-buy” rating in a research note on Wednesday, May 21st. Raymond James reiterated a “strong-buy” rating on shares of NVIDIA in a report on Wednesday, April 16th. Finally, 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. Two 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $167.53.

Insider Activity at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 66,660 shares of the firm’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the sale, the chief financial officer now owns 3,085,765 shares of the company’s stock, valued at $360,509,924.95. This trade represents a 2.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John Dabiri sold 2,663 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $1,900,690. The trade was a 13.35% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 147,147 shares of company stock valued at $17,133,207. Company insiders own 4.17% 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.