AGP Franklin LLC Purchases Shares of 57,498 NVIDIA Co. (NASDAQ:NVDA)

AGP Franklin LLC bought a new stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 57,498 shares of the computer hardware maker's stock, valued at approximately $7,721,000. NVIDIA comprises 4.7% of AGP Franklin LLC's holdings, making the stock its biggest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in NVIDIA in the 4th quarter valued at $43,515,504,000. Clear Street Derivatives LLC bought a new stake in NVIDIA in the 3rd quarter valued at $4,589,905,000. Proficio Capital Partners LLC boosted its holdings in NVIDIA by 14,641.2% in the 4th quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker's stock valued at $4,656,682,000 after purchasing an additional 34,441,082 shares during the period. APG Asset Management N.V. boosted its holdings in NVIDIA by 493.2% in the 4th quarter. APG Asset Management N.V. now owns 18,415,785 shares of the computer hardware maker's stock valued at $2,388,272,000 after purchasing an additional 15,311,330 shares during the period. Finally, GQG Partners LLC boosted its holdings in NVIDIA by 132.3% in the 4th quarter. GQG Partners LLC now owns 25,697,930 shares of the computer hardware maker's stock valued at $3,450,975,000 after purchasing an additional 14,636,057 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Barclays reduced their price target on shares of NVIDIA from $175.00 to $155.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Tigress Financial reissued a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. Bank of America increased their price target on shares of NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday. Raymond James reaffirmed a "strong-buy" rating on shares of NVIDIA in a report on Wednesday, April 16th. Finally, Citigroup reaffirmed a "buy" rating on shares of NVIDIA in a report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $164.84.

NVIDIA Trading Down 0.4%

Shares of NASDAQ:NVDA traded down $0.51 during trading on Thursday, hitting $134.83. 225,515,769 shares of the company's stock were exchanged, compared to its average volume of 295,863,883. NVIDIA Co. has a 1-year low of $86.62 and a 1-year high of $195.95. The firm has a 50-day moving average price of $111.24 and a two-hundred day moving average price of $127.14. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The firm has a market cap of $3.30 trillion, a P/E ratio of 53.06, a PEG ratio of 1.76 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $39.33 billion during the quarter, compared to analysts' expectations of $38.16 billion. Equities analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were given 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 was Wednesday, March 12th. NVIDIA's dividend payout ratio is 1.36%.

Insider Transactions at NVIDIA

In related news, Director Aarti S. Shah sold 20,000 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the completion of the transaction, the director now owns 53,208 shares in the company, valued at approximately $6,300,891.36. The trade was a 27.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Dabiri sold 2,663 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the transaction, the director now owns 17,279 shares of the company's stock, valued at approximately $1,900,690. This represents a 13.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock worth $17,133,207 in the last quarter. 4.23% of the stock is owned by company insiders.

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.