Sphera Management Technology Funds Ltd Takes Position in NVIDIA Co. (NASDAQ:NVDA)

Sphera Management Technology Funds Ltd acquired a new position in NVIDIA Co. (NASDAQ:NVDA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 17,400 shares of the computer hardware maker's stock, valued at approximately $2,337,000. NVIDIA accounts for approximately 1.4% of Sphera Management Technology Funds Ltd's investment portfolio, making the stock its 15th biggest holding.

Other institutional investors also recently bought and sold shares of the company. Hickory Point Bank & Trust bought a new position in shares of NVIDIA in the 4th quarter valued at about $2,272,000. Capital Performance Advisors LLP lifted its holdings in shares of NVIDIA by 59.3% during the 4th quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock valued at $3,586,000 after purchasing an additional 9,944 shares during the last quarter. Waddell & Associates LLC increased its stake in NVIDIA by 1.2% during the 4th quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker's stock valued at $3,240,000 after purchasing an additional 297 shares in the last quarter. Strategy Asset Managers LLC raised its stake in shares of NVIDIA by 0.8% in the fourth quarter. Strategy Asset Managers LLC now owns 52,307 shares of the computer hardware maker's stock worth $7,024,000 after purchasing an additional 405 shares during the last quarter. Finally, Ethos Financial Group LLC lifted its position in 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 purchasing an additional 6,241 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock Performance

Shares of NVIDIA stock traded up $0.70 during trading on Wednesday, hitting $141.92. 166,543,405 shares of the stock were exchanged, compared to its average volume of 282,361,906. The stock's fifty day moving average is $117.19 and its 200 day moving average is $126.42. The stock has a market cap of $3.46 trillion, a PE ratio of 55.85, a P/E/G ratio of 1.76 and a beta of 2.12. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Co. has a 12 month low of $86.62 and a 12 month high of $195.95.

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

NVIDIA Dividend Announcement

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

Analysts Set New Price Targets

NVDA has been the topic of a number of research analyst reports. UBS Group reissued a "buy" rating on shares of NVIDIA in a research note on Friday, May 23rd. TD Cowen raised their price target on NVIDIA from $140.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Susquehanna reaffirmed a "positive" rating and issued a $180.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Mizuho boosted their target price on NVIDIA from $168.00 to $170.00 and gave the stock an "outperform" rating in a research note on Thursday, May 29th. Finally, Wedbush reiterated an "outperform" rating on shares of NVIDIA in a research note on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-six have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $171.66.

Insiders Place Their Bets

In other NVIDIA news, Director Mark A. Stevens sold 935,000 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total value of $131,760,200.00. Following the completion of the transaction, the director now directly owns 9,214,697 shares of the company's stock, valued at approximately $1,298,535,101.24. The trade was a 9.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John Dabiri sold 2,663 shares of the company's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the transaction, the director now directly owns 17,279 shares in the company, valued at $1,900,690. This trade represents a 13.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,257,983 shares of company stock valued at $172,973,349 over the last 90 days. 4.17% of the stock is currently owned by company insiders.

NVIDIA Company 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.