Junto Capital Management LP Boosts Holdings in NVIDIA Co. (NASDAQ:NVDA)

Junto Capital Management LP boosted its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 20.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 269,754 shares of the computer hardware maker's stock after purchasing an additional 46,423 shares during the quarter. Junto Capital Management LP's holdings in NVIDIA were worth $36,225,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Hickory Point Bank & Trust purchased a new position in shares of NVIDIA in the 4th quarter valued at about $2,272,000. Capital Performance Advisors LLP increased its holdings in shares of NVIDIA by 59.3% in the 4th quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock valued at $3,586,000 after acquiring an additional 9,944 shares during the last quarter. Waddell & Associates LLC increased its holdings in shares of NVIDIA by 1.2% in the 4th quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker's stock valued at $3,240,000 after acquiring an additional 297 shares during the last quarter. Strategy Asset Managers LLC boosted its position in shares of NVIDIA by 0.8% in the 4th quarter. Strategy Asset Managers LLC now owns 52,307 shares of the computer hardware maker's stock valued at $7,024,000 after purchasing an additional 405 shares during the period. Finally, Ethos Financial Group LLC boosted its position in shares of NVIDIA by 24.1% in the 4th quarter. Ethos Financial Group LLC now owns 32,092 shares of the computer hardware maker's stock valued at $4,312,000 after purchasing an additional 6,241 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NVDA. Needham & Company LLC reissued a "buy" rating and issued a $160.00 target price on shares of NVIDIA in a research report on Thursday. Stifel Nicolaus set a $180.00 target price on NVIDIA in a research report on Wednesday, March 19th. DA Davidson upped their target price on NVIDIA from $120.00 to $135.00 and gave the company a "neutral" rating in a research report on Thursday. HSBC cut NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 target price for the company. in a research report on Thursday, April 3rd. Finally, Wedbush reaffirmed an "outperform" rating on shares of NVIDIA in a research report on Thursday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-six have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $171.66.

NVIDIA Stock Performance

NVDA stock traded up $4.07 during trading on Thursday, reaching $138.88. 306,279,224 shares of the stock were exchanged, compared to its average volume of 287,265,802. NVIDIA Co. has a twelve month low of $86.62 and a twelve month high of $195.95. The company has a market capitalization of $3.40 trillion, a P/E ratio of 54.67, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. The stock has a 50 day simple moving average of $114.85 and a 200-day simple moving average of $126.66. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

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

Insider Transactions at NVIDIA

In related news, Director Robert K. Burgess sold 53,324 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the transaction, the director now owns 251,044 shares in the company, valued at $28,993,071.56. The trade was a 17.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John Dabiri sold 2,663 shares of the company's stock in a transaction 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 sale, the director now owns 17,279 shares of the company's stock, valued at $1,900,690. The trade was a 13.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,147 shares of company stock valued at $17,133,207 in the last three months. 4.17% of the stock is owned by corporate insiders.

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.