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

Junto Capital Management LP lifted its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 20.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 269,754 shares of the computer hardware maker's stock after purchasing an additional 46,423 shares during the period. Junto Capital Management LP's holdings in NVIDIA were worth $36,225,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of NVDA. Tacita Capital Inc purchased a new stake in NVIDIA in the fourth quarter worth $28,000. Vision Financial Markets LLC purchased a new position in NVIDIA in the fourth quarter worth about $38,000. Luken Investment Analytics LLC bought a new position in NVIDIA in the 4th quarter valued at approximately $40,000. Lowe Wealth Advisors LLC bought a new stake in shares of NVIDIA in the 4th quarter worth $46,000. Finally, LSV Asset Management bought a new stake in NVIDIA in the 4th quarter worth about $54,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Stock Up 3.2%

Shares of NVDA traded up $4.21 during midday trading on Tuesday, reaching $135.50. 191,793,409 shares of the stock were exchanged, compared to its average volume of 288,543,863. The company has a market capitalization of $3.31 trillion, a P/E ratio of 53.33, a PEG ratio of 1.76 and a beta of 2.11. 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 Co. has a 52 week low of $86.62 and a 52 week high of $195.95. The company's 50 day moving average is $114.17 and its two-hundred day moving average is $126.54.

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

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA's payout ratio is currently 1.36%.

Insiders Place Their Bets

In other news, Director John Dabiri sold 2,663 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the sale, the director now owns 17,279 shares in the company, valued at $1,900,690. This represents a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the transaction, the chief financial officer now owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. The trade was a 2.11% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 147,147 shares of company stock valued at $17,133,207. 4.17% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on NVDA shares. Wedbush lowered shares of NVIDIA from an "outperform" rating to a "cautious" rating in a research note on Friday. Stifel Nicolaus set a $180.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. DA Davidson lowered their price objective on NVIDIA from $125.00 to $120.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Cantor Fitzgerald restated an "overweight" rating and issued a $200.00 price target on shares of NVIDIA in a research note on Wednesday, April 16th. Finally, Piper Sandler set a $150.00 price objective on NVIDIA in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, thirty-three have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $167.53.

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.