Collar Capital Management LLC Buys Shares of 3,660 NVIDIA Co. (NASDAQ:NVDA)

Collar Capital Management LLC bought a new position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,660 shares of the computer hardware maker's stock, valued at approximately $492,000.

Other institutional investors have also modified their holdings of the company. Canandaigua National Trust Co of Florida lifted its holdings in NVIDIA by 17.8% during the 4th quarter. Canandaigua National Trust Co of Florida now owns 14,200 shares of the computer hardware maker's stock worth $1,907,000 after buying an additional 2,148 shares during the last quarter. APEIRON CAPITAL Ltd lifted its stake in NVIDIA by 46.1% during the fourth quarter. APEIRON CAPITAL Ltd now owns 284,100 shares of the computer hardware maker's stock worth $38,152,000 after purchasing an additional 89,650 shares during the last quarter. Bangor Savings Bank boosted its holdings in NVIDIA by 60.5% in the fourth quarter. Bangor Savings Bank now owns 14,006 shares of the computer hardware maker's stock worth $1,881,000 after purchasing an additional 5,277 shares during the period. Diversified Trust Co increased its stake in NVIDIA by 4.1% during the fourth quarter. Diversified Trust Co now owns 659,442 shares of the computer hardware maker's stock valued at $88,557,000 after purchasing an additional 26,179 shares during the last quarter. Finally, Bank & Trust Co increased its stake in NVIDIA by 5.3% during the fourth quarter. Bank & Trust Co now owns 5,593 shares of the computer hardware maker's stock valued at $751,000 after purchasing an additional 279 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Stock Up 3.2%

NASDAQ:NVDA traded up $4.21 during mid-day trading on Tuesday, reaching $135.50. The stock had a trading volume of 191,793,409 shares, compared to its average volume of 288,540,280. The stock has a market cap of $3.31 trillion, a P/E ratio of 53.33, a PEG ratio of 1.76 and a beta of 2.11. The business's 50 day moving average is $114.17 and its 200 day moving average is $126.54. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. 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 announced its quarterly 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 company had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. As a group, sell-side analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is currently 1.36%.

Insiders Place Their Bets

In other news, CFO Colette Kress sold 66,660 shares of the business's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the sale, the chief financial officer now directly owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. The trade was a 2.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Aarti S. Shah sold 20,000 shares of the firm's stock in a transaction 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 transaction, the director now owns 53,208 shares in the company, valued at $6,300,891.36. The trade was a 27.32% decrease in their ownership of the stock. 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 quarter. Insiders own 4.17% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Arete Research raised shares of NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. Mizuho cut their target price on shares of NVIDIA from $175.00 to $168.00 and set an "outperform" rating on the stock in a report on Friday, March 14th. Raymond James reaffirmed a "strong-buy" rating on shares of NVIDIA in a report on Wednesday, April 16th. Piper Sandler reaffirmed an "overweight" rating on shares of NVIDIA in a report on Friday, April 25th. Finally, Summit Insights downgraded NVIDIA from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirty-three have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $167.53.

NVIDIA 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.