Navigoe LLC Acquires Shares of 6,855 NVIDIA Co. (NASDAQ:NVDA)

Navigoe LLC bought a new stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,855 shares of the computer hardware maker's stock, valued at approximately $920,000. NVIDIA comprises approximately 0.9% of Navigoe LLC's portfolio, making the stock its 19th biggest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tacita Capital Inc purchased a new position in shares of NVIDIA in the fourth quarter worth about $28,000. Legend Financial Advisors Inc. purchased a new stake in shares of NVIDIA during the 4th quarter valued at approximately $34,000. Vision Financial Markets LLC bought a new position in NVIDIA in the 4th quarter worth approximately $38,000. Luken Investment Analytics LLC purchased a new position in NVIDIA in the 4th quarter valued at approximately $40,000. Finally, Lowe Wealth Advisors LLC bought a new stake in NVIDIA during the 4th quarter valued at $46,000. 65.27% of the stock is owned by institutional investors.

Insider Activity at NVIDIA

In related news, Director Aarti S. Shah sold 20,000 shares of the firm's stock in a transaction dated 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 sale, the director now directly owns 53,208 shares of the company's stock, valued at $6,300,891.36. This trade represents a 27.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert K. Burgess sold 53,324 shares of the business's 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 transaction, the director now owns 251,044 shares in the company, valued at approximately $28,993,071.56. This represents a 17.52% 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 in the last three months. 4.23% of the stock is owned by insiders.

NVIDIA Trading Down 1.2%

Shares of NVDA traded down $1.54 during trading hours on Friday, hitting $131.29. The company had a trading volume of 197,156,244 shares, compared to its average volume of 291,655,925. NVIDIA Co. has a 52-week low of $86.62 and a 52-week high of $195.95. 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 stock's 50 day moving average price is $113.57 and its 200 day moving average price is $126.99. The firm has a market cap of $3.21 trillion, a P/E ratio of 51.67, a P/E/G ratio of 1.76 and a beta of 2.11.

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

NVIDIA Dividend Announcement

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

Analysts Set New Price Targets

NVDA has been the subject of a number of analyst reports. UBS Group reaffirmed a "buy" rating on shares of NVIDIA in a report on Friday. Barclays cut their target price on NVIDIA from $175.00 to $155.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. William Blair reaffirmed an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. Stifel Nicolaus set a $180.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Finally, TD Cowen cut their price objective on shares of NVIDIA from $175.00 to $140.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirty-four have issued a buy rating and two 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 target price of $164.84.

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.