Fayez Sarofim & Co Purchases 1,936,048 Shares of NVIDIA Co. (NASDAQ:NVDA)

Fayez Sarofim & Co grew its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 49.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,814,117 shares of the computer hardware maker's stock after purchasing an additional 1,936,048 shares during the quarter. NVIDIA makes up about 1.9% of Fayez Sarofim & Co's investment portfolio, making the stock its 15th biggest position. Fayez Sarofim & Co's holdings in NVIDIA were worth $791,625,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Oxbow Capital Management HK Ltd increased its holdings in shares of NVIDIA by 35.9% during the 4th quarter. Oxbow Capital Management HK Ltd now owns 455,389 shares of the computer hardware maker's stock worth $61,154,000 after buying an additional 120,389 shares during the last quarter. Optivise Advisory Services LLC increased its stake in NVIDIA by 20.9% during the fourth quarter. Optivise Advisory Services LLC now owns 15,805 shares of the computer hardware maker's stock worth $2,121,000 after acquiring an additional 2,728 shares during the last quarter. Select Asset Management & Trust lifted its stake in shares of NVIDIA by 153.2% in the 4th quarter. Select Asset Management & Trust now owns 11,570 shares of the computer hardware maker's stock valued at $1,554,000 after purchasing an additional 7,000 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. grew its holdings in shares of NVIDIA by 0.5% during the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,159,681 shares of the computer hardware maker's stock worth $155,734,000 after purchasing an additional 5,583 shares during the period. Finally, WPWealth LLP raised its holdings in NVIDIA by 9.4% in the fourth quarter. WPWealth LLP now owns 12,013 shares of the computer hardware maker's stock valued at $1,613,000 after buying an additional 1,033 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Trading Up 0.1%

Shares of NVDA traded up $0.17 during midday trading on Monday, hitting $135.57. The stock had a trading volume of 192,257,358 shares, compared to its average volume of 294,328,000. NVIDIA Co. has a fifty-two week low of $86.62 and a fifty-two week high of $195.95. The business has a 50-day simple moving average of $112.33 and a two-hundred day simple moving average of $126.93. 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 firm has a market cap of $3.32 trillion, a P/E ratio of 53.35, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.05. The firm had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. As a group, equities analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis 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 currently 1.36%.

Insider Activity

In other NVIDIA news, CFO Colette Kress sold 66,660 shares of the business's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the transaction, the chief financial officer now owns 3,085,765 shares in the company, valued at $360,509,924.95. The trade was a 2.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the sale, the director now directly owns 17,279 shares of the company's stock, valued at $1,900,690. This trade represents a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock worth $17,133,207 in the last ninety days. Corporate insiders own 4.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Rosenblatt Securities reduced their price target on NVIDIA from $220.00 to $200.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $200.00 price objective on shares of NVIDIA in a research report on Wednesday, April 16th. Mizuho lowered their target price on NVIDIA from $175.00 to $168.00 and set an "outperform" rating for the company in a report on Friday, March 14th. Wedbush restated an "outperform" rating and set a $175.00 price objective on shares of NVIDIA in a research report on Wednesday, April 16th. Finally, Summit Insights lowered NVIDIA from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $164.84.

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.