FWL Investment Management LLC Raises Holdings in NVIDIA Co. (NASDAQ:NVDA)

FWL Investment Management LLC boosted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 25.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 64,857 shares of the computer hardware maker's stock after purchasing an additional 12,968 shares during the quarter. NVIDIA makes up 3.2% of FWL Investment Management LLC's holdings, making the stock its 11th largest position. FWL Investment Management LLC's holdings in NVIDIA were worth $8,710,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Tacita Capital Inc acquired a new stake in shares of NVIDIA in the fourth quarter valued at approximately $28,000. Legend Financial Advisors Inc. acquired a new stake in shares of NVIDIA in the fourth quarter valued at approximately $34,000. Vision Financial Markets LLC acquired a new stake in shares of NVIDIA in the fourth quarter valued at approximately $38,000. Luken Investment Analytics LLC acquired a new stake in shares of NVIDIA in the fourth quarter valued at approximately $40,000. Finally, Lowe Wealth Advisors LLC acquired a new stake in shares of NVIDIA in the fourth quarter valued at approximately $46,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Price Performance

Shares of NVDA traded up $4.21 on Tuesday, reaching $135.50. The stock had a trading volume of 191,793,409 shares, compared to its average volume of 288,540,761. The firm has a market capitalization of $3.31 trillion, a PE ratio of 53.33, a PEG ratio of 1.76 and a beta of 2.11. 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 moving average of $114.17 and a 200 day moving average of $126.54. NVIDIA Co. has a twelve month low of $86.62 and a twelve month high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.05. The business had revenue of $39.33 billion for the quarter, compared to analysts' expectations of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. Sell-side analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is presently 1.36%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. DA Davidson cut their target price on NVIDIA from $125.00 to $120.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Barclays lowered their target price on NVIDIA from $175.00 to $155.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Mizuho lowered their target price on NVIDIA from $175.00 to $168.00 and set an "outperform" rating for the company in a research note on Friday, March 14th. Wedbush downgraded NVIDIA from an "outperform" rating to a "cautious" rating in a report on Friday. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $160.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, thirty-three have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and an average price target of $167.53.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction on 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 of the company's stock, valued at $6,300,891.36. This represents a 27.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director John Dabiri sold 2,663 shares of the stock in a transaction on Monday, March 10th. The stock was 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 in the company, valued at approximately $1,900,690. This represents a 13.35% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 147,147 shares of company stock worth $17,133,207. 4.17% of the stock is owned by insiders.

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.