Gordian Capital Singapore Pte Ltd Raises Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Gordian Capital Singapore Pte Ltd boosted its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 18.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 206,220 shares of the computer hardware maker's stock after buying an additional 31,846 shares during the period. NVIDIA makes up about 14.1% of Gordian Capital Singapore Pte Ltd's investment portfolio, making the stock its biggest position. Gordian Capital Singapore Pte Ltd's holdings in NVIDIA were worth $27,699,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NVDA. City National Bank of Florida MSD bought a new stake in NVIDIA in the fourth quarter valued at about $1,740,000. JT Stratford LLC increased its stake in shares of NVIDIA by 2.2% in the 4th quarter. JT Stratford LLC now owns 153,379 shares of the computer hardware maker's stock valued at $20,597,000 after acquiring an additional 3,280 shares during the last quarter. DCM Advisors LLC raised its position in shares of NVIDIA by 34.6% in the 4th quarter. DCM Advisors LLC now owns 14,463 shares of the computer hardware maker's stock valued at $1,926,000 after acquiring an additional 3,715 shares during the period. Pinnacle Investment Management Ltd bought a new position in NVIDIA during the 4th quarter worth approximately $1,544,000. Finally, Monograph Wealth Advisors LLC grew its holdings in NVIDIA by 3.2% during the fourth quarter. Monograph Wealth Advisors LLC now owns 129,669 shares of the computer hardware maker's stock valued at $17,413,000 after purchasing an additional 4,079 shares during the period. 65.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on NVDA shares. Susquehanna reissued a "positive" rating and set a $180.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Piper Sandler reaffirmed an "overweight" rating and set a $180.00 price objective (up previously from $150.00) on shares of NVIDIA in a research note on Wednesday, May 28th. DA Davidson boosted their target price on NVIDIA from $120.00 to $135.00 and gave the company a "neutral" rating in a research note on Thursday, May 29th. Arete Research upgraded NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. Finally, Stifel Nicolaus set a $180.00 price objective on 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 assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $171.66.

Insider Activity at NVIDIA

In other NVIDIA news, Director John Dabiri sold 2,663 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the transaction, the director now owns 17,279 shares in the company, valued at $1,900,690. This represents a 13.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert K. Burgess sold 53,324 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the transaction, the director now directly owns 251,044 shares in the company, valued at $28,993,071.56. This represents a 17.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,257,983 shares of company stock worth $172,973,349 in the last ninety days. 4.17% of the stock is owned by company insiders.

NVIDIA Stock Performance

Shares of NASDAQ NVDA traded up $0.70 during mid-day trading on Wednesday, reaching $141.92. 166,543,405 shares of the company were exchanged, compared to its average volume of 282,838,422. The stock has a market capitalization of $3.46 trillion, a P/E ratio of 55.85, a P/E/G ratio of 1.76 and a beta of 2.12. 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 company's 50-day simple moving average is $116.54 and its 200-day simple moving average is $126.31. 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, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the prior year, the company earned $0.61 earnings per share. The firm's revenue was up 69.2% compared to the same quarter last year. As a group, research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current 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 issued a dividend of $0.01 per share. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's payout ratio is currently 1.29%.

About NVIDIA

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.