EMC Capital Management Buys 500 Shares of NVIDIA Co. (NASDAQ:NVDA)

EMC Capital Management lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 27.8% during the fourth quarter, Holdings Channel reports. The fund owned 2,300 shares of the computer hardware maker’s stock after purchasing an additional 500 shares during the quarter. NVIDIA comprises 0.8% of EMC Capital Management’s portfolio, making the stock its 8th biggest holding. EMC Capital Management’s holdings in NVIDIA were worth $1,139,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in NVDA. LFA Lugano Financial Advisors SA acquired a new stake in shares of NVIDIA during the fourth quarter valued at $28,000. Peoples Financial Services CORP. acquired a new stake in shares of NVIDIA during the third quarter valued at $30,000. Your Advocates Ltd. LLP acquired a new stake in shares of NVIDIA during the third quarter valued at $30,000. Quarry LP acquired a new stake in shares of NVIDIA during the first quarter valued at $34,000. Finally, Compass Wealth Management LLC acquired a new stake in shares of NVIDIA during the fourth quarter valued at $39,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Trading Down 10.0 %

NASDAQ NVDA opened at $762.00 on Friday. NVIDIA Co. has a 12 month low of $262.25 and a 12 month high of $974.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. The company has a market capitalization of $1.91 trillion, a price-to-earnings ratio of 63.82, a price-to-earnings-growth ratio of 1.22 and a beta of 1.73. The company’s fifty day moving average price is $844.71 and its two-hundred day moving average price is $623.54.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, beating analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The firm had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. During the same period in the prior year, the firm posted $0.65 EPS. The firm’s revenue was up 265.3% compared to the same quarter last year. As a group, research analysts predict that NVIDIA Co. will post 22.45 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were paid a dividend of $0.04 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. NVIDIA’s dividend payout ratio (DPR) is 1.34%.

Insiders Place Their Bets

In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the sale, the director now directly owns 1,124,583 shares of the company’s stock, valued at $896,933,663.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction on Friday, April 5th. The shares were sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the sale, the director now directly owns 1,052,133 shares of the company’s stock, valued at $925,845,476.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the sale, the director now directly owns 1,124,583 shares in the company, valued at $896,933,663.31. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,278 shares of company stock valued at $52,689,898. Company insiders own 3.99% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on NVDA. Mizuho raised their price target on NVIDIA from $850.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Sanford C. Bernstein raised their price target on NVIDIA from $700.00 to $1,000.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. Loop Capital began coverage on NVIDIA in a research note on Friday, February 16th. They issued a “buy” rating and a $1,200.00 price target on the stock. Deutsche Bank Aktiengesellschaft raised their price target on NVIDIA from $720.00 to $850.00 and gave the stock a “hold” rating in a research note on Wednesday, March 20th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $900.00 price target on shares of NVIDIA in a research note on Monday, March 4th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $940.30.

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.