M1 Capital Management LLC Purchases Shares of 11,272 NVIDIA Co. (NASDAQ:NVDA)

M1 Capital Management LLC acquired a new position in NVIDIA Co. (NASDAQ:NVDA - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 11,272 shares of the computer hardware maker's stock, valued at approximately $1,514,000. NVIDIA makes up 0.8% of M1 Capital Management LLC's holdings, making the stock its 25th largest holding.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. DSG Capital Advisors LLC bought a new position in shares of NVIDIA in the fourth quarter valued at $17,052,000. Chancellor Financial Group WB LP purchased a new stake in shares of NVIDIA during the fourth quarter valued at $3,966,000. Triton Wealth Management PLLC boosted its position in shares of NVIDIA by 4.6% in the 4th quarter. Triton Wealth Management PLLC now owns 51,074 shares of the computer hardware maker's stock valued at $7,469,000 after purchasing an additional 2,259 shares during the period. 111 Capital purchased a new position in NVIDIA in the 4th quarter worth about $17,419,000. Finally, Thoma Capital Management LLC purchased a new position in NVIDIA in the 4th quarter worth about $1,558,000. Institutional investors own 65.27% of the company's stock.

Insider Buying and Selling

In other news, Director John Dabiri sold 2,663 shares of the firm's 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 approximately $1,900,690. This trade represents a 13.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the transaction, the insider now owns 479,428 shares of the company's stock, valued at approximately $55,997,190.40. The trade was a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,257,983 shares of company stock valued at $172,973,349. Insiders own 4.17% of the company's stock.

NVIDIA Trading Up 1.2%

Shares of NVDA stock opened at $141.72 on Friday. NVIDIA Co. has a 12 month low of $86.62 and a 12 month high of $195.95. The company has a market cap of $3.46 trillion, a PE ratio of 55.77, a price-to-earnings-growth 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 business's 50 day moving average is $118.45 and its two-hundred day moving average is $126.24.

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

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders 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 dividend yield of 0.03%. NVIDIA's payout ratio is presently 1.29%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. TD Cowen upped their price objective on shares of NVIDIA from $140.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Seaport Res Ptn upgraded shares of NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. William Blair reiterated an "outperform" rating on shares of NVIDIA in a research report on Thursday, March 20th. Piper Sandler reissued an "overweight" rating and set a $180.00 target price (up from $150.00) on shares of NVIDIA in a research note on Wednesday, May 28th. Finally, Arete Research raised NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $171.66.

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.

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