Blue Capital Inc. Purchases Shares of 19,600 NVIDIA Co. (NASDAQ:NVDA)

Blue Capital Inc. purchased a new stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 19,600 shares of the computer hardware maker's stock, valued at approximately $2,632,000. NVIDIA accounts for about 1.9% of Blue Capital Inc.'s investment portfolio, making the stock its 20th largest position.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of NVIDIA by 11.9% during the 4th quarter. GAMMA Investing LLC now owns 397,922 shares of the computer hardware maker's stock worth $53,437,000 after acquiring an additional 42,213 shares during the period. NRI Wealth Management LC bought a new position in shares of NVIDIA during the 4th quarter worth about $12,207,000. Waller Financial Planning Group Inc. lifted its holdings in shares of NVIDIA by 4.6% during the 4th quarter. Waller Financial Planning Group Inc. now owns 4,024 shares of the computer hardware maker's stock worth $540,000 after acquiring an additional 177 shares during the period. jvl associates llc lifted its holdings in shares of NVIDIA by 1.0% during the 4th quarter. jvl associates llc now owns 10,652 shares of the computer hardware maker's stock worth $1,430,000 after acquiring an additional 105 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in shares of NVIDIA by 15.3% during the 4th quarter. Nordea Investment Management AB now owns 34,432,573 shares of the computer hardware maker's stock worth $4,703,145,000 after acquiring an additional 4,561,284 shares during the period. 65.27% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the transaction, the chief financial officer now owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. This trade represents a 2.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert K. Burgess sold 53,324 shares of NVIDIA stock in a transaction that occurred on 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 transaction, the director now directly owns 251,044 shares in the company, valued at $28,993,071.56. The trade was a 17.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock valued at $17,133,207 over the last ninety days. Insiders own 4.17% of the company's stock.

Wall Street Analyst Weigh In

NVDA has been the subject of a number of analyst reports. Barclays reduced their price objective on shares of NVIDIA from $175.00 to $155.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Susquehanna reaffirmed a "positive" rating and set a $180.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $200.00 price objective on shares of NVIDIA in a report on Wednesday, April 16th. Mizuho dropped their target price on shares of NVIDIA from $175.00 to $168.00 and set an "outperform" rating for the company in a research report on Friday, March 14th. Finally, Raymond James reiterated a "strong-buy" rating on shares of NVIDIA in a research report on Wednesday, April 16th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, thirty-three have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $167.53.

NVIDIA Trading Down 1.2%

NVDA opened at $131.29 on Friday. 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 has a market cap of $3.21 trillion, a price-to-earnings ratio of 51.67, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. The firm has a 50 day simple moving average of $113.89 and a 200 day simple moving average of $126.81. NVIDIA Co. has a fifty-two week low of $86.62 and a fifty-two week high of $195.95.

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

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were paid 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 was Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is 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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