111 Capital Buys Shares of 129,710 NVIDIA Co. (NASDAQ:NVDA)

111 Capital bought a new stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 129,710 shares of the computer hardware maker's stock, valued at approximately $17,419,000. NVIDIA comprises about 3.7% of 111 Capital's portfolio, making the stock its 4th biggest position.

Other large investors have also added to or reduced their stakes in the company. Thoma Capital Management LLC bought a new position in NVIDIA during the fourth quarter valued at approximately $1,558,000. Members Wealth LLC bought a new stake in shares of NVIDIA in the 4th quarter worth approximately $1,616,000. Tableaux LLC purchased a new stake in shares of NVIDIA in the 4th quarter valued at $268,000. Keystone Financial Services LLC bought a new position in shares of NVIDIA during the 4th quarter valued at $1,020,000. Finally, Lansforsakringar Fondforvaltning AB publ bought a new position in shares of NVIDIA during the 4th quarter valued at $1,288,798,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analyst Ratings Changes

NVDA has been the subject of several recent research reports. Needham & Company LLC reissued a "buy" rating and issued a $160.00 price target on shares of NVIDIA in a research note on Thursday, May 29th. Tigress Financial reiterated a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. William Blair restated an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. Arete Research upgraded NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. Finally, Bank of America lifted their price target on NVIDIA from $150.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $171.66.

NVIDIA Stock Up 1.2%

NVDA traded up $1.73 during trading on Friday, hitting $141.72. 153,523,162 shares of the company's stock traded hands, compared to its average volume of 278,603,184. The stock has a market capitalization of $3.46 trillion, a price-to-earnings ratio of 55.77, a PEG ratio of 1.76 and a beta of 2.12. The company's 50 day simple moving average is $118.45 and its two-hundred day simple moving average is $126.24. NVIDIA Co. has a 12-month low of $86.62 and a 12-month high of $195.95. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the previous year, the company earned $0.61 earnings per share. The company's revenue for the quarter was up 69.2% compared to the same quarter last year. Analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's payout ratio is presently 1.29%.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 125,836 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $137.79, for a total transaction of $17,338,942.44. Following the transaction, the director now directly owns 10,149,697 shares of the company's stock, valued at $1,398,526,749.63. This represents a 1.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the completion of the sale, the director now directly owns 53,208 shares of the company's stock, valued at $6,300,891.36. The trade was a 27.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,257,983 shares of company stock worth $172,973,349 over the last three months. 4.17% of the stock is currently owned by company insiders.

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.