Banco BTG Pactual S.A. Acquires 150,082 Shares of NVIDIA Co. (NASDAQ:NVDA)

Banco BTG Pactual S.A. increased its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 113.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 282,952 shares of the computer hardware maker's stock after buying an additional 150,082 shares during the quarter. NVIDIA comprises approximately 9.1% of Banco BTG Pactual S.A.'s holdings, making the stock its largest position. Banco BTG Pactual S.A.'s holdings in NVIDIA were worth $39,135,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Tacita Capital Inc purchased a new stake in shares of NVIDIA during the fourth quarter valued at $28,000. Legend Financial Advisors Inc. purchased a new stake in NVIDIA during the fourth quarter valued at about $34,000. Vision Financial Markets LLC acquired a new position in shares of NVIDIA in the fourth quarter worth about $38,000. Luken Investment Analytics LLC acquired a new position in shares of NVIDIA in the fourth quarter worth about $40,000. Finally, Lowe Wealth Advisors LLC purchased a new position in shares of NVIDIA in the fourth quarter worth approximately $46,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Bank of America decreased their price objective on shares of NVIDIA from $200.00 to $160.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. DA Davidson decreased their target price on NVIDIA from $125.00 to $120.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Piper Sandler reissued an "overweight" rating on shares of NVIDIA in a research report on Friday, April 25th. UBS Group restated a "buy" rating on shares of NVIDIA in a research report on Friday, April 25th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $200.00 target price on shares of NVIDIA in a report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and an average price target of $164.96.

Insider Transactions at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's 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 directly owns 479,428 shares in the company, valued at approximately $55,997,190.40. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 147,147 shares of company stock valued at $17,133,207. Company insiders own 4.23% of the company's stock.

NVIDIA Stock Performance

Shares of NASDAQ NVDA traded up $2.69 during mid-day trading on Thursday, hitting $111.61. The company had a trading volume of 234,728,400 shares, compared to its average volume of 302,596,996. NVIDIA Co. has a 12 month low of $81.25 and a 12 month high of $195.95. The firm has a market cap of $2.72 trillion, a P/E ratio of 43.92, a PEG ratio of 1.76 and a beta of 1.96. The business's 50-day simple moving average is $111.47 and its 200-day simple moving average is $128.49. 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 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 company had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. As a group, analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were paid a $0.01 dividend. 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 dividend payout ratio is 1.36%.

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.