Caxton Associates LP Acquires 197,390 Shares of NVIDIA Co. (NASDAQ:NVDA)

Caxton Associates LP raised its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 101.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 392,672 shares of the computer hardware maker's stock after purchasing an additional 197,390 shares during the quarter. NVIDIA accounts for approximately 1.7% of Caxton Associates LP's portfolio, making the stock its 10th largest position. Caxton Associates LP's holdings in NVIDIA were worth $52,732,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NVDA. Tacita Capital Inc purchased a new stake in shares of NVIDIA during the fourth quarter worth $28,000. Legend Financial Advisors Inc. acquired a new stake in shares of NVIDIA during the fourth quarter worth about $34,000. Vision Financial Markets LLC purchased a new position in NVIDIA during the fourth quarter worth about $38,000. Luken Investment Analytics LLC purchased a new position in NVIDIA during the fourth quarter worth about $40,000. Finally, Lowe Wealth Advisors LLC purchased a new position in NVIDIA in the fourth quarter valued at about $46,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $131.29 on Friday. NVIDIA Co. has a fifty-two week low of $86.62 and a fifty-two week high of $195.95. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The company has a market cap of $3.21 trillion, a PE ratio of 51.67, a P/E/G 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 (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $39.33 billion during the quarter, compared to analysts' expectations of $38.16 billion. On average, sell-side analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

Wall Street Analyst Weigh In

NVDA has been the subject of several research reports. Summit Insights downgraded NVIDIA from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. Citigroup reaffirmed a "buy" rating on shares of NVIDIA in a research report on Wednesday, April 16th. Tigress Financial reaffirmed a "buy" rating on shares of NVIDIA in a research report on Wednesday, February 26th. UBS Group reiterated a "buy" rating on shares of NVIDIA in a report on Friday. Finally, Hsbc Global Res lowered shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirty-three have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, NVIDIA has a consensus rating of "Moderate Buy" and a consensus price target of $167.53.

Insider Activity

In related news, Director Aarti S. Shah sold 20,000 shares of the 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 completion of the sale, the director now directly owns 53,208 shares of the company's stock, valued at $6,300,891.36. This represents a 27.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the sale, the insider now owns 479,428 shares of the company's stock, valued at approximately $55,997,190.40. This trade represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock worth $17,133,207 over the last three months. Corporate insiders own 4.17% of the company's stock.

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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