Annis Gardner Whiting Capital Advisors LLC Has $7.57 Million Position in NVIDIA Co. (NASDAQ:NVDA)

Annis Gardner Whiting Capital Advisors LLC lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 45.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,381 shares of the computer hardware maker's stock after purchasing an additional 17,642 shares during the period. NVIDIA accounts for 2.1% of Annis Gardner Whiting Capital Advisors LLC's holdings, making the stock its 9th biggest position. Annis Gardner Whiting Capital Advisors LLC's holdings in NVIDIA were worth $7,571,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in NVDA. Atlas Capital Advisors Inc. raised its holdings in shares of NVIDIA by 46.8% in the 4th quarter. Atlas Capital Advisors Inc. now owns 32,300 shares of the computer hardware maker's stock valued at $4,338,000 after purchasing an additional 10,290 shares during the period. Climber Capital SA bought a new stake in NVIDIA in the fourth quarter valued at approximately $371,000. Uniting Wealth Partners LLC bought a new stake in NVIDIA in the fourth quarter valued at approximately $6,940,000. Grant Private Wealth Management Inc acquired a new stake in shares of NVIDIA in the fourth quarter valued at approximately $7,783,000. Finally, Selway Asset Management acquired a new position in shares of NVIDIA during the 4th quarter worth approximately $269,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on NVDA shares. HSBC downgraded NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target for the company. in a report on Thursday, April 3rd. Wedbush reaffirmed an "outperform" rating and set a $175.00 target price on shares of NVIDIA in a report on Wednesday, April 16th. Rosenblatt Securities lowered their price target on shares of NVIDIA from $220.00 to $200.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Summit Insights downgraded shares of NVIDIA from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. Finally, Susquehanna reaffirmed a "positive" rating and issued a $180.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and a consensus target price of $164.96.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $113.82 on Tuesday. NVIDIA Co. has a one year low of $86.62 and a one year high of $195.95. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The company has a market cap of $2.78 trillion, a price-to-earnings ratio of 44.79, a PEG ratio of 1.76 and a beta of 2.11. The firm has a 50 day simple moving average of $110.50 and a 200 day simple moving average of $127.91.

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

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date was Wednesday, March 12th. NVIDIA's payout ratio is 1.36%.

Insider Transactions at NVIDIA

In other news, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction 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 in the company, valued at approximately $1,900,690. The trade was a 13.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert K. Burgess sold 53,324 shares of the 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 owns 251,044 shares of the company's stock, valued at $28,993,071.56. The trade was a 17.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 147,147 shares of company stock worth $17,133,207. Insiders own 4.23% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.