Fund 1 Investments LLC Takes Position in NVIDIA Co. (NASDAQ:NVDA)

Fund 1 Investments LLC purchased a new stake in shares of NVIDIA Co. (NASDAQ:NVDA) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 37,800 shares of the computer hardware maker’s stock, valued at approximately $5,076,000.

Other institutional investors have also made changes to their positions in the company. Tacita Capital Inc acquired a new stake in shares of NVIDIA during the 4th quarter valued at about $28,000. Vision Financial Markets LLC acquired a new stake in NVIDIA in the 4th quarter worth approximately $38,000. Luken Investment Analytics LLC acquired a new stake in NVIDIA in the 4th quarter worth approximately $40,000. Lowe Wealth Advisors LLC acquired a new stake in NVIDIA in the 4th quarter worth approximately $46,000. Finally, LSV Asset Management acquired a new stake in NVIDIA in the 4th quarter worth approximately $54,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Price Performance

NVIDIA stock opened at $131.29 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The firm has a market cap of $3.21 trillion, a P/E ratio of 51.67, a P/E/G ratio of 1.76 and a beta of 2.11. The business’s fifty day moving average is $114.17 and its two-hundred day moving average is $126.54. NVIDIA Co. has a 52 week low of $86.62 and a 52 week high of $195.95.

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

NVIDIA Announces Dividend

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

Insider Activity

In other news, Director Aarti S. Shah sold 20,000 shares of the company’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the transaction, the director now owns 53,208 shares of the company’s stock, valued at $6,300,891.36. This represents a 27.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John Dabiri sold 2,663 shares of the company’s 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 transaction, the director now directly owns 17,279 shares in the company, valued at $1,900,690. This trade represents a 13.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,147 shares of company stock valued at $17,133,207 over the last 90 days. 4.17% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

NVDA has been the subject of several analyst reports. DA Davidson reduced their target price on NVIDIA from $125.00 to $120.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Piper Sandler restated an “overweight” rating on shares of NVIDIA in a report on Friday, April 25th. Susquehanna restated a “positive” rating and issued a $180.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Summit Insights lowered NVIDIA from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Finally, HSBC lowered NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 target price for the company. in a report on Thursday, April 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirty-three have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $167.53.

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.