AI Squared Management Ltd Has $6.22 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

AI Squared Management Ltd lifted its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 7.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,300 shares of the computer hardware maker's stock after acquiring an additional 3,300 shares during the period. NVIDIA accounts for about 6.4% of AI Squared Management Ltd's portfolio, making the stock its 8th biggest holding. AI Squared Management Ltd's holdings in NVIDIA were worth $6,218,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. DiNuzzo Private Wealth Inc. raised its holdings in shares of NVIDIA by 0.8% during the 4th quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker's stock worth $1,157,000 after acquiring an additional 71 shares in the last quarter. Palisade Asset Management LLC lifted its holdings in shares of NVIDIA by 0.5% in the 3rd quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker's stock worth $1,866,000 after acquiring an additional 75 shares during the last quarter. Baker Boyer National Bank grew its stake in shares of NVIDIA by 3.3% during the fourth quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker's stock valued at $323,000 after buying an additional 76 shares during the last quarter. Kwmg LLC increased its stake in NVIDIA by 0.6% in the fourth quarter. Kwmg LLC now owns 13,067 shares of the computer hardware maker's stock worth $1,755,000 after purchasing an additional 77 shares during the period. Finally, SC&H Financial Advisors Inc. lifted its holdings in NVIDIA by 1.6% during the 4th quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker's stock valued at $681,000 after buying an additional 80 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Robert K. Burgess sold 53,324 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the transaction, the director now directly owns 251,044 shares in the company, valued at $28,993,071.56. The trade was a 17.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the sale, the director now directly owns 17,279 shares in the company, valued at $1,900,690. The trade was 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 worth $17,133,207 in the last ninety days. Insiders own 4.23% of the company's stock.

NVIDIA Stock Performance

Shares of NVIDIA stock traded down $0.10 on Wednesday, reaching $108.92. The stock had a trading volume of 223,117,523 shares, compared to its average volume of 303,086,208. 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 business's 50-day moving average price is $111.97 and its two-hundred day moving average price is $128.63. The stock has a market cap of $2.66 trillion, a P/E ratio of 42.87, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a fifty-two week low of $81.25 and a fifty-two week high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) 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 business 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%. On average, sell-side analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is presently 1.36%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on NVDA shares. William Blair restated an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. UBS Group restated a "buy" rating on shares of NVIDIA in a research note on Friday, April 25th. Stifel Nicolaus set a $180.00 target price on NVIDIA in a report on Wednesday, March 19th. Susquehanna restated a "positive" rating and set a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Mizuho decreased their target price on shares of NVIDIA from $175.00 to $168.00 and set an "outperform" rating for the company in a research report on Friday, March 14th. Six equities research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $164.96.

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.