Climber Capital SA Takes Position in NVIDIA Co. (NASDAQ:NVDA)

Climber Capital SA bought a new position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,766 shares of the computer hardware maker's stock, valued at approximately $371,000.

Several other large investors have also bought and sold shares of NVDA. Hickory Point Bank & Trust purchased a new position in NVIDIA in the 4th quarter worth about $2,272,000. Capital Performance Advisors LLP increased its position in shares of NVIDIA by 59.3% in the fourth quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock worth $3,586,000 after acquiring an additional 9,944 shares in the last quarter. Ethos Financial Group LLC raised its holdings in shares of NVIDIA by 24.1% during the fourth quarter. Ethos Financial Group LLC now owns 32,092 shares of the computer hardware maker's stock valued at $4,312,000 after acquiring an additional 6,241 shares during the period. Metis Global Partners LLC lifted its position in shares of NVIDIA by 3.6% in the 4th quarter. Metis Global Partners LLC now owns 1,464,826 shares of the computer hardware maker's stock valued at $196,711,000 after acquiring an additional 50,978 shares in the last quarter. Finally, Candriam S.C.A. boosted its stake in NVIDIA by 0.5% in the 4th quarter. Candriam S.C.A. now owns 7,061,058 shares of the computer hardware maker's stock worth $948,229,000 after purchasing an additional 35,684 shares during the period. Institutional investors own 65.27% of the company's stock.

Insiders Place Their Bets

In other news, Director Robert K. Burgess sold 53,324 shares of NVIDIA stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the sale, the director now directly owns 251,044 shares in the company, valued at approximately $28,993,071.56. The trade was a 17.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's stock in a transaction dated Friday, March 21st. The shares were 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. Insiders have sold 147,147 shares of company stock worth $17,133,207 over the last 90 days. Corporate insiders own 4.23% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on NVDA. Bank of America decreased their target price on NVIDIA from $200.00 to $160.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. KeyCorp set a $190.00 target price on NVIDIA in a research note on Wednesday, March 19th. Tigress Financial reaffirmed a "buy" rating on shares of NVIDIA in a research report on Wednesday, February 26th. Mizuho cut their target price on shares of NVIDIA from $175.00 to $168.00 and set an "outperform" rating for the company in a research report on Friday, March 14th. Finally, UBS Group restated a "buy" rating on shares of NVIDIA in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and a consensus target price of $164.96.

NVIDIA Stock Down 0.6 %

Shares of NVDA opened at $113.82 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The company has a 50-day simple moving average of $110.50 and a 200-day simple moving average of $127.91. 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 $2.78 trillion, a P/E ratio of 44.79, a P/E/G ratio of 1.76 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted 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. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $39.33 billion during the quarter, compared to analysts' expectations of $38.16 billion. On average, equities research analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were given a $0.01 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.04%. NVIDIA's dividend payout ratio (DPR) is currently 1.36%.

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.

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