AlTi Global Inc. Grows Stake in NVIDIA Co. (NASDAQ:NVDA)

AlTi Global Inc. grew its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 8.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,414 shares of the computer hardware maker's stock after purchasing an additional 8,969 shares during the period. AlTi Global Inc.'s holdings in NVIDIA were worth $15,917,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Albar Capital Partners LLP bought a new stake in shares of NVIDIA during the 4th quarter worth $23,061,000. Allegheny Financial Group lifted its holdings in shares of NVIDIA by 9.5% during the 4th quarter. Allegheny Financial Group now owns 8,390 shares of the computer hardware maker's stock worth $1,127,000 after acquiring an additional 729 shares during the last quarter. 1248 Management LLC bought a new stake in shares of NVIDIA during the 4th quarter worth $4,961,000. 4WEALTH Advisors Inc. bought a new stake in shares of NVIDIA during the 4th quarter worth $2,319,000. Finally, Gallagher Fiduciary Advisors LLC lifted its holdings in shares of NVIDIA by 3.1% during the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 31,211 shares of the computer hardware maker's stock worth $4,191,000 after acquiring an additional 953 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NVIDIA

In related news, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the sale, the director now owns 17,279 shares of the company's stock, valued at $1,900,690. This trade represents a 13.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Aarti S. Shah sold 20,000 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The shares were 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 of the company's stock, valued at $6,300,891.36. This trade represents a 27.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock valued at $17,133,207 over the last 90 days. Corporate insiders own 4.23% of the company's stock.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $132.83 on Friday. NVIDIA Co. has a 1 year low of $86.62 and a 1 year high of $195.95. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The company's 50-day moving average is $113.57 and its 200 day 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.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. On average, sell-side analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently declared 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. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is currently 1.36%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NVDA. Benchmark reaffirmed a "buy" rating and set a $190.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Needham & Company LLC reissued a "buy" rating and issued a $160.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Raymond James reissued a "strong-buy" rating on shares of NVIDIA in a research note on Wednesday, April 16th. Citigroup reissued a "buy" rating on shares of NVIDIA in a research note on Wednesday, April 16th. Finally, Tigress Financial reissued a "buy" rating on shares of NVIDIA in a research note on Wednesday, February 26th. One 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 given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $164.84.

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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