Brown Brothers Harriman & Co. Grows Position in NVIDIA Co. (NASDAQ:NVDA)

Brown Brothers Harriman & Co. grew its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 26.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 488,739 shares of the computer hardware maker's stock after buying an additional 100,875 shares during the period. Brown Brothers Harriman & Co.'s holdings in NVIDIA were worth $65,633,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tacita Capital Inc acquired a new position in NVIDIA during the fourth quarter valued at $28,000. Legend Financial Advisors Inc. acquired a new position in shares of NVIDIA in the 4th quarter valued at about $34,000. Vision Financial Markets LLC purchased a new stake in shares of NVIDIA in the fourth quarter worth about $38,000. Luken Investment Analytics LLC acquired a new stake in NVIDIA during the fourth quarter worth about $40,000. Finally, Lowe Wealth Advisors LLC purchased a new position in NVIDIA during the fourth quarter valued at approximately $46,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on NVDA. DZ Bank upgraded NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. Wedbush reissued an "outperform" rating and set a $175.00 price target on shares of NVIDIA in a report on Wednesday, April 16th. Needham & Company LLC reaffirmed a "buy" rating and issued a $160.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Hsbc Global Res lowered shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Finally, Susquehanna restated a "positive" rating and issued a $180.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, NVIDIA has an average rating of "Moderate Buy" and an average price target of $164.96.

Insider Buying and Selling at NVIDIA

In related news, Director Robert K. Burgess sold 53,324 shares of the firm's stock in a transaction that occurred 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 sale, the director now owns 251,044 shares of the company's stock, valued at $28,993,071.56. This trade represents a 17.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Colette Kress sold 66,660 shares of the business's stock in a transaction that occurred 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 transaction, the chief financial officer now owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. This trade represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,147 shares of company stock valued at $17,133,207 in the last quarter. Corporate insiders own 4.23% of the company's stock.

NVIDIA Trading Up 2.6 %

NASDAQ:NVDA traded up $2.89 on Friday, reaching $114.50. 189,662,858 shares of the company's stock were exchanged, compared to its average volume of 300,819,709. The business has a fifty day moving average of $111.09 and a 200-day moving average of $128.31. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 52-week low of $86.62 and a 52-week high of $195.95. The firm has a market capitalization of $2.79 trillion, a price-to-earnings ratio of 45.06, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly 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. The company had revenue of $39.33 billion during the quarter, compared to analysts' expectations of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. As a group, analysts expect that NVIDIA Co. will post 2.77 earnings per share 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 issued a dividend of $0.01 per share. 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 (DPR) is 1.36%.

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.