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

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

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

Insider Activity

In related news, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the transaction, the director now owns 17,279 shares in the company, valued at approximately $1,900,690. The trade was a 13.35% decrease in their position. The transaction was disclosed in a 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 shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the sale, the director now directly owns 251,044 shares in the company, valued at $28,993,071.56. This trade represents a 17.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock valued at $17,133,207 in the last quarter. 4.17% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on NVDA. Morgan Stanley reiterated an "overweight" rating and issued a $170.00 target price (up previously from $160.00) on shares of NVIDIA in a research report on Thursday. Needham & Company LLC reaffirmed a "buy" rating and issued a $160.00 price target on shares of NVIDIA in a research note on Thursday. HSBC cut NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective for the company. in a research report on Thursday, April 3rd. Barclays restated an "overweight" rating and set a $170.00 price target (up previously from $155.00) on shares of NVIDIA in a report on Thursday. Finally, Rosenblatt Securities upped their price target on NVIDIA from $178.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-six have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $171.66.

NVIDIA Stock Up 3.2%

NVIDIA stock traded up $4.38 during mid-day trading on Thursday, reaching $139.19. The stock had a trading volume of 368,832,482 shares, compared to its average volume of 286,404,452. NVIDIA Co. has a one year low of $86.62 and a one year high of $195.95. The company has a 50-day moving average price of $115.20 and a two-hundred day moving average price of $126.61. The company has a market capitalization of $3.40 trillion, a price-to-earnings ratio of 54.78, a PEG ratio of 1.76 and a beta of 2.11. 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 (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. During the same quarter in the prior year, the firm earned $0.61 EPS. The firm's revenue for the quarter was up 69.2% compared to the same quarter last year. On average, analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be paid a dividend of $0.01 per share. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's dividend payout ratio is currently 1.36%.

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.