DSG Capital Advisors LLC Acquires New Position in NVIDIA Co. (NASDAQ:NVDA)

DSG Capital Advisors LLC bought a new position in NVIDIA Co. (NASDAQ:NVDA - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 126,979 shares of the computer hardware maker's stock, valued at approximately $17,052,000. NVIDIA makes up 3.1% of DSG Capital Advisors LLC's investment portfolio, making the stock its 8th largest position.

Several other large investors also recently bought and sold shares of NVDA. Tacita Capital Inc purchased a new stake in shares of NVIDIA during the fourth quarter valued at $28,000. Vision Financial Markets LLC purchased a new position in NVIDIA in the 4th quarter worth $38,000. Luken Investment Analytics LLC acquired a new stake in NVIDIA during the 4th quarter worth about $40,000. Copia Wealth Management acquired a new stake in NVIDIA during the 4th quarter worth about $50,000. Finally, LSV Asset Management purchased a new stake in NVIDIA during the 4th quarter valued at about $54,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Stock Up 1.2%

NVDA stock opened at $141.72 on Friday. NVIDIA Co. has a 52 week low of $86.62 and a 52 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 firm has a 50-day simple moving average of $118.45 and a 200-day simple moving average of $126.24. The stock has a market capitalization of $3.46 trillion, a P/E ratio of 55.77, a P/E/G ratio of 1.76 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data 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 return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same quarter in the previous year, the firm posted $0.61 earnings per share. The company's quarterly revenue was up 69.2% on a year-over-year basis. Equities analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's payout ratio is 1.29%.

Insider Buying and Selling

In other news, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the transaction, the director now directly owns 17,279 shares of the company's stock, valued at approximately $1,900,690. This trade represents a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Aarti S. Shah sold 20,000 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following 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. Over the last ninety days, insiders sold 1,257,983 shares of company stock worth $172,973,349. 4.17% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Hsbc Global Res cut NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. HSBC downgraded shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target on the stock. in a report on Thursday, April 3rd. DA Davidson lifted their price objective on shares of NVIDIA from $120.00 to $135.00 and gave the company a "neutral" rating in a research note on Thursday, May 29th. Bank of America upped their price objective on shares of NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Finally, Susquehanna reissued a "positive" rating and set a $180.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. One research 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $171.66.

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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