GFS Advisors LLC Increases Stock Position in NVIDIA Co. (NASDAQ:NVDA)

GFS Advisors LLC boosted its position in NVIDIA Co. (NASDAQ:NVDA) by 7.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,633 shares of the computer hardware maker’s stock after buying an additional 746 shares during the period. GFS Advisors LLC’s holdings in NVIDIA were worth $5,266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Campbell Newman Asset Management Inc. grew its position in NVIDIA by 0.6% in the 4th quarter. Campbell Newman Asset Management Inc. now owns 2,991 shares of the computer hardware maker’s stock valued at $1,481,000 after buying an additional 18 shares during the last quarter. International Assets Investment Management LLC grew its position in NVIDIA by 54,019.5% in the 4th quarter. International Assets Investment Management LLC now owns 16,866,869 shares of the computer hardware maker’s stock valued at $8,352,811,000 after buying an additional 16,835,703 shares during the last quarter. Liberty Capital Management Inc. lifted its holdings in NVIDIA by 0.7% in the fourth quarter. Liberty Capital Management Inc. now owns 13,904 shares of the computer hardware maker’s stock valued at $6,886,000 after acquiring an additional 100 shares during the period. KRS Capital Management LLC lifted its holdings in NVIDIA by 5.0% in the fourth quarter. KRS Capital Management LLC now owns 26,348 shares of the computer hardware maker’s stock valued at $13,048,000 after acquiring an additional 1,244 shares during the period. Finally, Avitas Wealth Management LLC lifted its holdings in NVIDIA by 5.3% in the fourth quarter. Avitas Wealth Management LLC now owns 37,986 shares of the computer hardware maker’s stock valued at $18,811,000 after acquiring an additional 1,898 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on NVDA shares. HSBC raised their target price on NVIDIA from $880.00 to $1,050.00 and gave the company a “buy” rating in a report on Monday, March 18th. Truist Financial raised their target price on NVIDIA from $911.00 to $1,177.00 and gave the company a “buy” rating in a report on Monday, March 18th. TD Cowen raised their target price on NVIDIA from $900.00 to $1,100.00 and gave the company an “outperform” rating in a report on Thursday, March 21st. Oppenheimer raised their target price on NVIDIA from $850.00 to $1,100.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. Finally, Deutsche Bank Aktiengesellschaft lifted 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. Four investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $926.30.

NVIDIA Stock Performance

Shares of NVDA opened at $906.16 on Friday. The business’s 50 day moving average is $826.53 and its two-hundred day moving average is $604.97. NVIDIA Co. has a 52-week low of $262.20 and a 52-week high of $974.00. The firm has a market cap of $2.27 trillion, a price-to-earnings ratio of 75.89, a PEG ratio of 1.26 and a beta of 1.73. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20.

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

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. The ex-dividend date of this dividend was Tuesday, March 5th. NVIDIA’s dividend payout ratio is currently 1.34%.

Insider Activity at NVIDIA

In related news, Director Mark A. Stevens sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the sale, the director now directly owns 1,119,583 shares of the company’s stock, valued at approximately $896,494,891.42. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Mark A. Stevens sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the sale, the director now directly owns 1,119,583 shares of the company’s stock, valued at approximately $896,494,891.42. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total value of $410,229.00. Following the sale, the insider now directly owns 49,815 shares in the company, valued at $45,412,350.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 61,278 shares of company stock valued at $52,689,898. Corporate insiders own 3.99% 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.