Arrow Capital Pty Ltd Purchases Shares of 32,500 NVIDIA Co. (NASDAQ:NVDA)

Arrow Capital Pty Ltd bought a new stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 32,500 shares of the computer hardware maker's stock, valued at approximately $4,364,000. NVIDIA accounts for about 4.0% of Arrow Capital Pty Ltd's holdings, making the stock its 6th largest holding.

Several other hedge funds have also recently made changes to their positions in the business. Arvest Bank Trust Division increased its stake in shares of NVIDIA by 17.3% during the fourth quarter. Arvest Bank Trust Division now owns 38,269 shares of the computer hardware maker's stock valued at $5,139,000 after buying an additional 5,650 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in shares of NVIDIA by 2.1% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 22,648,521 shares of the computer hardware maker's stock valued at $3,037,894,000 after buying an additional 462,234 shares during the period. Ally Financial Inc. increased its stake in shares of NVIDIA by 58.3% during the fourth quarter. Ally Financial Inc. now owns 76,000 shares of the computer hardware maker's stock valued at $10,206,000 after buying an additional 28,000 shares during the period. GKV Capital Management Co. Inc. purchased a new position in shares of NVIDIA during the fourth quarter valued at approximately $26,746,000. Finally, Foster Dykema Cabot & Partners LLC increased its stake in shares of NVIDIA by 1,491.3% during the fourth quarter. Foster Dykema Cabot & Partners LLC now owns 154,720 shares of the computer hardware maker's stock valued at $20,777,000 after buying an additional 144,997 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NVDA. TD Cowen dropped their price target on NVIDIA from $175.00 to $140.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Mizuho dropped their price target on NVIDIA from $175.00 to $168.00 and set an "outperform" rating on the stock in a research report on Friday, March 14th. UBS Group dropped their price target on NVIDIA from $180.00 to $175.00 and set a "buy" rating on the stock in a research report on Monday. Hsbc Global Res lowered NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Finally, Benchmark restated a "buy" rating and set a $190.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $164.84.

NVIDIA Stock Performance

Shares of NASDAQ NVDA traded up $0.57 during trading on Friday, hitting $135.40. The company had a trading volume of 221,859,039 shares, compared to its average volume of 294,990,945. The stock has a 50 day simple moving average of $111.80 and a 200 day simple moving average of $127.10. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Co. has a 12 month low of $86.62 and a 12 month high of $195.95. The firm has a market capitalization of $3.31 trillion, a P/E ratio of 53.29, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11.

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 the consensus estimate of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. As a group, analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently announced 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. 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 currently 1.36%.

Insider Buying and Selling

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction dated Friday, March 21st. The stock was 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction dated Thursday, March 20th. The stock was 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 of the company's stock, valued at $6,300,891.36. This represents a 27.32% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 147,147 shares of company stock worth $17,133,207. 4.23% of the stock is owned by corporate insiders.

About NVIDIA

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.