Albar Capital Partners LLP Makes New $23.06 Million Investment in NVIDIA Co. (NASDAQ:NVDA)

Albar Capital Partners LLP acquired a new position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 171,726 shares of the computer hardware maker's stock, valued at approximately $23,061,000. NVIDIA makes up approximately 5.5% of Albar Capital Partners LLP's holdings, making the stock its 8th largest position.

A number of other large investors have also recently bought and sold shares of NVDA. FMR LLC boosted its stake in shares of NVIDIA by 0.7% in the 4th quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock valued at $134,877,735,000 after purchasing an additional 6,665,252 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of NVIDIA by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker's stock valued at $74,439,273,000 after purchasing an additional 9,468,786 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of NVIDIA by 0.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker's stock valued at $55,237,367,000 after purchasing an additional 3,721,331 shares in the last quarter. Norges Bank acquired a new stake in shares of NVIDIA in the 4th quarter valued at approximately $43,515,504,000. Finally, Northern Trust Corp boosted its stake in shares of NVIDIA by 15.8% in the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock valued at $35,782,134,000 after purchasing an additional 36,266,817 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Aarti S. Shah sold 20,000 shares of the company's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the sale, the director now directly owns 53,208 shares in the company, valued at $6,300,891.36. This represents a 27.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director John Dabiri sold 2,663 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the sale, the director now owns 17,279 shares in the company, valued at approximately $1,900,690. This represents a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock worth $17,133,207 over the last ninety days. Company insiders own 4.23% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NVDA. Hsbc Global Res downgraded shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Tigress Financial restated a "buy" rating on shares of NVIDIA in a research note on Wednesday, February 26th. TD Cowen dropped their price objective on shares of NVIDIA from $175.00 to $140.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Morgan Stanley dropped their price objective on shares of NVIDIA from $162.00 to $160.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Finally, Wedbush reiterated an "outperform" rating and issued a $175.00 price objective on shares of NVIDIA in a report on Thursday. One research 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 issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $164.84.

NVIDIA Trading Up 0.8%

Shares of NVIDIA stock opened at $132.83 on Friday. NVIDIA Co. has a 52-week low of $86.62 and a 52-week high of $195.95. The stock's 50-day simple moving average is $113.57 and its 200 day simple moving average is $126.99. The stock has a market capitalization of $3.25 trillion, a P/E ratio of 52.27, a P/E/G ratio of 1.76 and a beta of 2.11. 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 (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating 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 business had revenue of $39.33 billion for the quarter, compared to analysts' expectations of $38.16 billion. As a group, research analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date was Wednesday, March 12th. NVIDIA's dividend payout ratio is presently 1.36%.

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.

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