Anchor Investment Management LLC Has $9.74 Million Holdings in NVIDIA Co. (NASDAQ:NVDA)

Anchor Investment Management LLC lifted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 10.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,523 shares of the computer hardware maker's stock after purchasing an additional 6,930 shares during the quarter. NVIDIA accounts for 0.9% of Anchor Investment Management LLC's holdings, making the stock its 24th largest position. Anchor Investment Management LLC's holdings in NVIDIA were worth $9,739,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in NVDA. Norges Bank bought a new position in shares of NVIDIA during the fourth quarter worth approximately $43,515,504,000. Clear Street Derivatives LLC bought a new position in shares of NVIDIA during the third quarter worth approximately $4,589,905,000. Proficio Capital Partners LLC increased its holdings in shares of NVIDIA by 14,641.2% during the fourth quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker's stock worth $4,656,682,000 after purchasing an additional 34,441,082 shares during the period. APG Asset Management N.V. increased its holdings in shares of NVIDIA by 493.2% during the fourth quarter. APG Asset Management N.V. now owns 18,415,785 shares of the computer hardware maker's stock worth $2,388,272,000 after purchasing an additional 15,311,330 shares during the period. Finally, GQG Partners LLC increased its holdings in shares of NVIDIA by 132.3% during the fourth quarter. GQG Partners LLC now owns 25,697,930 shares of the computer hardware maker's stock worth $3,450,975,000 after purchasing an additional 14,636,057 shares during the period. 65.27% of the stock is owned by institutional investors.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of NVIDIA stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the sale, the director now directly owns 251,044 shares of the company's stock, valued at approximately $28,993,071.56. The trade was a 17.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the sale, the chief financial officer now directly owns 3,085,765 shares of the company's stock, valued at approximately $360,509,924.95. This trade represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 147,147 shares of company stock valued at $17,133,207. Corporate insiders own 4.23% of the company's stock.

NVIDIA Trading Down 0.4%

NASDAQ NVDA traded down $0.51 during mid-day trading on Thursday, reaching $134.83. 225,515,769 shares of the stock were exchanged, compared to its average volume of 295,863,883. NVIDIA Co. has a one year low of $86.62 and a one year high of $195.95. The stock has a 50 day simple moving average of $111.24 and a 200-day simple moving average of $127.14. The stock has a market cap of $3.30 trillion, a P/E ratio of 53.06, a P/E/G ratio of 1.76 and a beta of 2.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. On average, analysts anticipate 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 paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date was Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is currently 1.36%.

Wall Street Analysts Forecast Growth

NVDA has been the topic of several analyst reports. Piper Sandler reiterated an "overweight" rating on shares of NVIDIA in a research report on Friday, April 25th. DZ Bank upgraded shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. Citigroup reiterated a "buy" rating on shares of NVIDIA in a research report on Wednesday, April 16th. UBS Group reduced their price target on shares of NVIDIA from $180.00 to $175.00 and set a "buy" rating on the stock in a research report on Monday. Finally, William Blair reiterated an "outperform" rating on shares of NVIDIA in a research report on Thursday, March 20th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.