Fund 1 Investments LLC Buys Shares of 37,800 NVIDIA Co. (NASDAQ:NVDA)

Fund 1 Investments LLC bought a new position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 37,800 shares of the computer hardware maker's stock, valued at approximately $5,076,000.

Several other hedge funds also recently added to or reduced their stakes in NVDA. Elefante Mark B acquired a new stake in shares of NVIDIA during the fourth quarter worth $6,040,000. Ellevest Inc. lifted its holdings in NVIDIA by 23.5% in the fourth quarter. Ellevest Inc. now owns 29,101 shares of the computer hardware maker's stock valued at $3,908,000 after acquiring an additional 5,538 shares during the period. Elyxium Wealth LLC increased its position in shares of NVIDIA by 4.9% in the fourth quarter. Elyxium Wealth LLC now owns 31,945 shares of the computer hardware maker's stock valued at $4,290,000 after buying an additional 1,492 shares in the last quarter. Ethic Inc. increased its position in shares of NVIDIA by 1,115.0% in the fourth quarter. Ethic Inc. now owns 2,126,450 shares of the computer hardware maker's stock valued at $285,561,000 after buying an additional 1,951,433 shares in the last quarter. Finally, Fairview Capital Investment Management LLC increased its position in shares of NVIDIA by 17.3% in the fourth quarter. Fairview Capital Investment Management LLC now owns 9,745 shares of the computer hardware maker's stock valued at $1,309,000 after buying an additional 1,435 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NVIDIA

In other NVIDIA news, Director John Dabiri sold 2,663 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the transaction, the director now owns 17,279 shares of the company's stock, valued at $1,900,690. This represents a 13.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the sale, the insider now directly owns 479,428 shares of the company's stock, valued at approximately $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 quarter, insiders have sold 147,147 shares of company stock worth $17,133,207. Company insiders own 4.17% of the company's stock.

NVIDIA Price Performance

Shares of NVIDIA stock traded down $2.09 during trading on Friday, reaching $137.10. 66,178,149 shares of the company's stock were exchanged, compared to its average volume of 285,565,984. The company has a market cap of $3.35 trillion, a P/E ratio of 53.88, a PEG ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a 1-year low of $86.62 and a 1-year high of $195.95. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The firm's 50-day moving average price is $115.20 and its 200 day moving average price is $126.61.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly 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). The firm had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm's revenue was up 69.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.61 EPS. As a group, research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current 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 given a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA's payout ratio is 1.29%.

Analyst Ratings Changes

NVDA has been the subject of several analyst reports. UBS Group reissued a "buy" rating on shares of NVIDIA in a research note on Friday, May 23rd. Rosenblatt Securities boosted their target price on NVIDIA from $178.00 to $200.00 and gave the stock a "buy" rating in a report on Thursday. Piper Sandler reissued an "overweight" rating and set a $180.00 price target (up from $150.00) on shares of NVIDIA in a research report on Wednesday. KeyCorp set a $190.00 price target on NVIDIA in a research report on Wednesday, March 19th. Finally, Stifel Nicolaus set a $180.00 target price on NVIDIA in a research note on Wednesday, March 19th. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average 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.