Bay Capital Advisors LLC Takes Position in NVIDIA Co. (NASDAQ:NVDA)

Bay Capital Advisors LLC acquired a new position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,060 shares of the computer hardware maker's stock, valued at approximately $1,620,000. NVIDIA makes up 1.3% of Bay Capital Advisors LLC's investment portfolio, making the stock its 17th largest holding.

Several other large investors also recently made changes to their positions in NVDA. Tacita Capital Inc bought a new position in NVIDIA during the fourth quarter worth $28,000. Legend Financial Advisors Inc. acquired a new stake in shares of NVIDIA during the 4th quarter worth about $34,000. Vision Financial Markets LLC bought a new stake in shares of NVIDIA during the 4th quarter worth about $38,000. Luken Investment Analytics LLC acquired a new position in NVIDIA in the 4th quarter valued at about $40,000. Finally, Lowe Wealth Advisors LLC bought a new position in NVIDIA in the 4th quarter valued at about $46,000. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Stock Up 2.7 %

Shares of NVDA stock traded up $2.96 during trading hours on Friday, reaching $114.57. The company had a trading volume of 63,791,003 shares, compared to its average volume of 300,662,153. The business has a fifty day simple moving average of $111.09 and a 200-day simple moving average of $128.31. NVIDIA Co. has a 12 month low of $83.20 and a 12 month high of $195.95. The company has a market cap of $2.80 trillion, a price-to-earnings ratio of 44.93, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. 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 EPS for the quarter, beating the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. On average, research analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were given a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's dividend payout ratio is currently 1.36%.

Analyst Ratings Changes

A number of equities analysts recently commented on NVDA shares. Mizuho lowered their price target on shares of NVIDIA from $175.00 to $168.00 and set an "outperform" rating on the stock in a research report on Friday, March 14th. Susquehanna reiterated a "positive" rating and issued a $180.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Morgan Stanley lowered their price objective on NVIDIA from $162.00 to $160.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. Barclays cut their target price on NVIDIA from $175.00 to $155.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Finally, UBS Group restated a "buy" rating on shares of NVIDIA in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $164.96.

Insider Buying and Selling at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the sale, the insider now directly owns 479,428 shares in the company, valued at approximately $55,997,190.40. This represents a 0.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed 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 value of $7,787,887.80. Following the completion of the transaction, the chief financial officer now 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. Insiders sold 147,147 shares of company stock worth $17,133,207 in the last quarter. 4.23% of the stock is currently owned by company 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.