Fire Capital Management LLC Takes $13.94 Million Position in NVIDIA Co. (NASDAQ:NVDA)

Fire 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 Form 13F filing with the Securities & Exchange Commission. The firm bought 103,783 shares of the computer hardware maker's stock, valued at approximately $13,937,000. NVIDIA makes up 10.4% of Fire Capital Management LLC's holdings, making the stock its biggest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tacita Capital Inc bought a new stake in shares of NVIDIA in the 4th quarter valued at approximately $28,000. Vision Financial Markets LLC acquired a new stake in NVIDIA in the 4th quarter valued at $38,000. Luken Investment Analytics LLC bought a new stake in NVIDIA in the fourth quarter valued at $40,000. Copia Wealth Management acquired a new position in NVIDIA during the fourth quarter worth $50,000. Finally, LSV Asset Management bought a new position in shares of NVIDIA during the fourth quarter valued at $54,000. 65.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NVDA has been the topic of several analyst reports. Seaport Res Ptn raised shares of NVIDIA to a "strong sell" rating in a report on Wednesday, April 30th. Wedbush reaffirmed an "outperform" rating on shares of NVIDIA in a research note on Thursday, May 29th. Bank of America boosted their target price on NVIDIA from $150.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Stifel Nicolaus set a $180.00 price target on NVIDIA in a report on Wednesday, March 19th. Finally, UBS Group restated a "buy" rating on shares of NVIDIA in a report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-six have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, NVIDIA has a consensus rating of "Moderate Buy" and a consensus price target of $171.66.

Insider Activity at NVIDIA

In other news, Director Mark A. Stevens sold 935,000 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total value of $131,760,200.00. Following the completion of the transaction, the director now owns 9,214,697 shares in the company, valued at $1,298,535,101.24. This trade represents a 9.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the sale, the insider now owns 479,428 shares in the company, valued at $55,997,190.40. The trade was a 0.93% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,255,320 shares of company stock valued at $172,680,419. Corporate insiders own 4.17% of the company's stock.

NVIDIA Stock Up 0.6%

Shares of NVIDIA stock traded up $0.91 during trading on Monday, reaching $142.63. The stock had a trading volume of 184,474,522 shares, compared to its average volume of 278,229,971. 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 company has a market capitalization of $3.48 trillion, a price-to-earnings ratio of 56.13, a P/E/G ratio of 1.76 and a beta of 2.12. The stock has a fifty day moving average price of $118.45 and a two-hundred day moving average price of $126.10. NVIDIA Co. has a 52 week low of $86.62 and a 52 week high of $195.95.

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

NVIDIA Dividend Announcement

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

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.