Collar Capital Management LLC Makes New $492,000 Investment in NVIDIA Co. (NASDAQ:NVDA)

Collar Capital Management LLC acquired a new position in NVIDIA Co. (NASDAQ:NVDA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,660 shares of the computer hardware maker's stock, valued at approximately $492,000.

A number of other institutional investors and hedge funds have also bought and sold shares of NVDA. Colonial Trust Co SC grew its position in NVIDIA by 8.1% in the 4th quarter. Colonial Trust Co SC now owns 80,240 shares of the computer hardware maker's stock worth $10,775,000 after purchasing an additional 6,035 shares during the last quarter. Comprehensive Financial Management LLC raised its position in shares of NVIDIA by 25.0% during the fourth quarter. Comprehensive Financial Management LLC now owns 5,000 shares of the computer hardware maker's stock valued at $671,000 after buying an additional 1,000 shares during the last quarter. Cornerstone Financial Group LLC NE bought a new stake in shares of NVIDIA in the fourth quarter valued at about $806,000. Cornerstone Select Advisors LLC acquired a new stake in NVIDIA during the fourth quarter worth about $5,567,000. Finally, Crestline Management LP raised its holdings in NVIDIA by 159.2% in the 4th quarter. Crestline Management LP now owns 703,108 shares of the computer hardware maker's stock valued at $94,420,000 after acquiring an additional 431,805 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Seaport Res Ptn raised NVIDIA to a "strong sell" rating in a report on Wednesday, April 30th. Truist Financial raised their price objective on shares of NVIDIA from $204.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. UBS Group reissued a "buy" rating on shares of NVIDIA in a research note on Friday, May 23rd. DZ Bank upgraded shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $170.00 price objective on shares of NVIDIA in a report on Thursday. Two research analysts have rated the stock with a sell rating, five have given a hold rating, thirty-five have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $169.50.

NVIDIA Trading Up 5.0%

NVIDIA stock traded up $6.80 during mid-day trading on Thursday, hitting $141.61. The stock had a trading volume of 154,944,890 shares, compared to its average volume of 286,706,902. The stock has a market capitalization of $3.46 trillion, a PE ratio of 55.54, a P/E/G ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a 12 month low of $86.62 and a 12 month high of $195.95. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The stock has a 50-day simple moving average of $114.85 and a two-hundred day simple moving average of $126.66.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same period last year, the business posted $0.61 EPS. The firm's revenue for the quarter was up 69.2% compared to the same quarter last year. As a group, sell-side analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.

Insider Buying and Selling at NVIDIA

In related news, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction on Monday, March 10th. The stock was 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 directly owns 17,279 shares of the company's stock, valued at $1,900,690. The trade was a 13.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert K. Burgess sold 53,324 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of 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. In the last 90 days, insiders sold 147,147 shares of company stock worth $17,133,207. 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.