MSH Capital Advisors LLC Takes $2.09 Million Position in NVIDIA Co. (NASDAQ:NVDA)

MSH Capital Advisors LLC purchased a new position in NVIDIA Co. (NASDAQ:NVDA - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 15,544 shares of the computer hardware maker's stock, valued at approximately $2,087,000.

A number of other large investors have also recently made changes to their positions in the business. Hickory Point Bank & Trust bought a new position in shares of NVIDIA during the fourth quarter valued at $2,272,000. Capital Performance Advisors LLP grew its holdings in NVIDIA by 59.3% during the 4th quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock valued at $3,586,000 after buying an additional 9,944 shares in the last quarter. Waddell & Associates LLC lifted its stake in shares of NVIDIA by 1.2% in the 4th quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker's stock valued at $3,240,000 after purchasing an additional 297 shares during the last quarter. Ethos Financial Group LLC lifted its stake in shares of NVIDIA by 24.1% in the 4th quarter. Ethos Financial Group LLC now owns 32,092 shares of the computer hardware maker's stock valued at $4,312,000 after purchasing an additional 6,241 shares during the last quarter. Finally, Metis Global Partners LLC lifted its stake in shares of NVIDIA by 3.6% in the 4th quarter. Metis Global Partners LLC now owns 1,464,826 shares of the computer hardware maker's stock valued at $196,711,000 after purchasing an additional 50,978 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Aarti S. Shah sold 20,000 shares of the company's stock in a transaction dated 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 sale, the director now owns 53,208 shares in the company, valued at approximately $6,300,891.36. This represents a 27.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the sale, the insider now owns 479,428 shares in the company, valued at approximately $55,997,190.40. This trade represents a 0.93% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 147,147 shares of company stock valued at $17,133,207. Company insiders own 4.23% of the company's stock.

NVIDIA Price Performance

Shares of NVIDIA stock traded down $0.51 during trading on Thursday, hitting $134.83. 225,714,934 shares of the company were exchanged, compared to its average volume of 295,380,357. The firm has a 50 day moving average price of $111.24 and a 200 day moving average price of $127.14. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $3.30 trillion, a price-to-earnings ratio of 53.06, a P/E/G ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a fifty-two week low of $86.62 and a fifty-two week high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released 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 business had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. 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 declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is 1.36%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. KeyCorp set a $190.00 price objective on NVIDIA in a report on Wednesday, March 19th. Bank of America boosted their price objective on NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday. Tigress Financial reissued a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. TD Cowen cut their price target on NVIDIA from $175.00 to $140.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Finally, Wedbush restated an "outperform" rating and set a $175.00 price target on shares of NVIDIA in a research report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $164.84.

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.