NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Baker Avenue Asset Management LP

Baker Avenue Asset Management LP boosted its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 48.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 656,057 shares of the computer hardware maker's stock after acquiring an additional 214,251 shares during the quarter. NVIDIA accounts for 2.7% of Baker Avenue Asset Management LP's portfolio, making the stock its 5th largest position. Baker Avenue Asset Management LP's holdings in NVIDIA were worth $88,102,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Tacita Capital Inc acquired a new position in shares of NVIDIA during the 4th quarter valued at $28,000. Legend Financial Advisors Inc. bought a new stake in shares of NVIDIA during the 4th quarter worth $34,000. Vision Financial Markets LLC bought a new stake in shares of NVIDIA during the 4th quarter worth $38,000. Luken Investment Analytics LLC bought a new stake in shares of NVIDIA during the 4th quarter worth $40,000. Finally, Lowe Wealth Advisors LLC bought a new stake in shares of NVIDIA during the 4th quarter worth $46,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Stock Performance

Shares of NVIDIA stock traded up $4.21 during trading on Tuesday, reaching $135.50. The company's stock had a trading volume of 191,793,409 shares, compared to its average volume of 288,543,894. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The business's fifty day moving average price is $114.51 and its 200-day moving average price is $126.60. The firm has a market cap of $3.31 trillion, a price-to-earnings ratio of 53.33, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a one year low of $86.62 and a one year high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.05. The business had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. As a group, equities research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were paid a $0.01 dividend. 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 presently 1.36%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Piper Sandler set a $150.00 price objective on NVIDIA in a research note on Tuesday. Citigroup reissued a "buy" rating on shares of NVIDIA in a research note on Wednesday, April 16th. Susquehanna reaffirmed a "positive" rating and issued a $180.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $200.00 target price on shares of NVIDIA in a research report on Wednesday, April 16th. Finally, Truist Financial raised their target price on NVIDIA from $204.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, thirty-three have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $167.53.

Insider Buying and Selling

In related news, Director Robert K. Burgess sold 53,324 shares of NVIDIA stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the sale, the director now directly owns 251,044 shares of the company's stock, valued at $28,993,071.56. This trade represents a 17.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the sale, the insider now directly owns 479,428 shares in the company, valued at approximately $55,997,190.40. This trade represents a 0.93% 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 valued at $17,133,207 over the last three months. 4.17% of the stock is owned by corporate insiders.

About NVIDIA

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.