Crescent Park Management L.P. Boosts Position in NVIDIA Co. (NASDAQ:NVDA)

Crescent Park Management L.P. grew its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 108.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,250 shares of the computer hardware maker's stock after acquiring an additional 13,663 shares during the period. NVIDIA comprises 1.3% of Crescent Park Management L.P.'s holdings, making the stock its 16th biggest position. Crescent Park Management L.P.'s holdings in NVIDIA were worth $3,525,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NVDA. Tacita Capital Inc acquired a new stake in shares of NVIDIA during the 4th quarter worth approximately $28,000. Legend Financial Advisors Inc. acquired a new stake in NVIDIA during the fourth quarter valued at $34,000. Vision Financial Markets LLC purchased a new position in NVIDIA in the fourth quarter valued at $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 stake in shares of NVIDIA during the 4th quarter worth about $46,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. KeyCorp set a $190.00 price target on NVIDIA in a research note on Wednesday, March 19th. DZ Bank upgraded NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. UBS Group reiterated a "buy" rating on shares of NVIDIA in a research report on Friday, April 25th. Stifel Nicolaus set a $180.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Finally, William Blair reaffirmed an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $164.96.

Insider Activity at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction dated Friday, March 21st. The stock was 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 directly owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. The trade was a 2.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 sale, the insider now directly owns 479,428 shares in the company, valued at $55,997,190.40. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,147 shares of company stock worth $17,133,207. Insiders own 4.23% of the company's stock.

NVIDIA Price Performance

NVDA stock opened at $114.50 on Monday. NVIDIA Co. has a 52-week low of $86.62 and a 52-week high of $195.95. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The stock has a market cap 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 2.11. The business has a fifty day moving average of $110.85 and a two-hundred day moving average of $128.08.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $38.16 billion. As a group, research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's payout ratio is currently 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.

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