Meridiem Capital Partners LP Purchases Shares of 310,486 NVIDIA Co. (NASDAQ:NVDA)

Meridiem Capital Partners LP purchased a new stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 310,486 shares of the computer hardware maker's stock, valued at approximately $41,695,000. NVIDIA comprises approximately 3.7% of Meridiem Capital Partners LP's investment portfolio, making the stock its 4th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of NVDA. Minot DeBlois Advisors LLC bought a new position in shares of NVIDIA in the 4th quarter worth approximately $1,913,000. Morse Asset Management Inc raised its position in shares of NVIDIA by 1.1% in the 4th quarter. Morse Asset Management Inc now owns 204,257 shares of the computer hardware maker's stock worth $27,430,000 after acquiring an additional 2,203 shares in the last quarter. Napa Wealth Management raised its position in shares of NVIDIA by 7.6% in the 4th quarter. Napa Wealth Management now owns 23,490 shares of the computer hardware maker's stock worth $3,154,000 after acquiring an additional 1,656 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of NVIDIA by 3.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,140,874 shares of the computer hardware maker's stock worth $1,767,008,000 after acquiring an additional 423,080 shares in the last quarter. Finally, MJP Associates Inc. ADV raised its position in shares of NVIDIA by 8.3% in the 4th quarter. MJP Associates Inc. ADV now owns 94,628 shares of the computer hardware maker's stock worth $12,708,000 after acquiring an additional 7,224 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Insider Buying and Selling

In related news, Director Aarti S. Shah sold 20,000 shares of the firm's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the transaction, the director now directly owns 53,208 shares of the company's stock, valued at approximately $6,300,891.36. This trade represents a 27.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the transaction, the director now directly owns 17,279 shares in the company, valued at approximately $1,900,690. This represents a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 147,147 shares of company stock valued at $17,133,207. 4.17% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. UBS Group reissued a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. DA Davidson increased their target price on NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a research report on Thursday. Barclays reissued an "overweight" rating and issued a $170.00 target price (up previously from $155.00) on shares of NVIDIA in a research report on Thursday. Stifel Nicolaus set a $180.00 price target on NVIDIA in a research note on Wednesday, March 19th. Finally, Mizuho upped their price target on NVIDIA from $168.00 to $170.00 and gave the stock an "outperform" rating in a research note on Thursday. One investment 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $171.66.

NVIDIA Stock Performance

Shares of NVDA stock traded down $4.04 on Friday, reaching $135.15. The stock had a trading volume of 222,495,682 shares, compared to its average volume of 286,185,232. The stock has a market cap of $3.31 trillion, a P/E ratio of 53.13, 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 $195.95. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The company has a 50 day simple moving average of $115.20 and a 200 day simple moving average of $126.61.

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 (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 analysts' expectations of $43.09 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business's quarterly revenue was up 69.2% on a year-over-year basis. During the same quarter last year, the business earned $0.61 earnings per share. Equities research analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be issued 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 is currently 1.29%.

NVIDIA Company Profile

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.