Junto Capital Management LP Has $36.23 Million Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Junto Capital Management LP increased its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 20.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 269,754 shares of the computer hardware maker's stock after buying an additional 46,423 shares during the period. Junto Capital Management LP's holdings in NVIDIA were worth $36,225,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NVDA. Tacita Capital Inc acquired a new stake in shares of NVIDIA in the 4th quarter valued at $28,000. Vision Financial Markets LLC bought a new position in NVIDIA during the fourth quarter valued at about $38,000. Luken Investment Analytics LLC acquired a new stake in shares of NVIDIA in the fourth quarter worth about $40,000. Lowe Wealth Advisors LLC acquired a new stake in shares of NVIDIA in the fourth quarter worth about $46,000. Finally, LSV Asset Management bought a new stake in shares of NVIDIA during the 4th quarter worth about $54,000. Institutional investors own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Summit Insights raised NVIDIA from a "hold" rating to a "buy" rating in a research note on Thursday. Citigroup reissued a "buy" rating and issued a $180.00 price target (up previously from $150.00) on shares of NVIDIA in a research report on Thursday. Rosenblatt Securities boosted their target price on shares of NVIDIA from $178.00 to $200.00 and gave the stock a "buy" rating in a research report on Thursday. Tigress Financial reiterated a "buy" rating on shares of NVIDIA in a research note on Wednesday, February 26th. Finally, KeyCorp set a $190.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-six have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $171.66.

NVIDIA Stock Performance

Shares of NVIDIA stock traded down $2.98 during trading on Friday, hitting $136.22. 82,554,544 shares of the stock were exchanged, compared to its average volume of 276,468,563. 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 fifty day moving average price of $115.20 and a 200-day moving average price of $126.61. The stock has a market capitalization of $3.33 trillion, a price-to-earnings ratio of 53.59, a price-to-earnings-growth 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 $153.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data 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). NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter in the prior year, the company earned $0.61 EPS. NVIDIA's quarterly revenue was up 69.2% on a year-over-year basis. As a group, equities analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be paid a $0.01 dividend. 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 dividend payout ratio (DPR) is currently 1.29%.

Insiders Place Their Bets

In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of NVIDIA stock in a transaction dated 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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Dabiri sold 2,663 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was 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 approximately $1,900,690. The trade was a 13.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock worth $17,133,207 over the last three months. Insiders own 4.17% of the company's stock.

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.