Neo Ivy Capital Management Has $8.15 Million Position in NVIDIA Co. (NASDAQ:NVDA)

Neo Ivy Capital Management boosted its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 86.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,672 shares of the computer hardware maker's stock after acquiring an additional 28,186 shares during the quarter. NVIDIA accounts for about 1.6% of Neo Ivy Capital Management's holdings, making the stock its 8th biggest holding. Neo Ivy Capital Management's holdings in NVIDIA were worth $8,147,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Tacita Capital Inc purchased a new position in shares of NVIDIA during the fourth quarter worth approximately $28,000. Vision Financial Markets LLC acquired a new stake in NVIDIA in the fourth quarter valued at $38,000. Luken Investment Analytics LLC acquired a new position in shares of NVIDIA during the 4th quarter worth $40,000. LSV Asset Management acquired a new position in shares of NVIDIA during the 4th quarter worth $54,000. Finally, Delos Wealth Advisors LLC raised its stake in NVIDIA by 134.8% in the 4th quarter. Delos Wealth Advisors LLC now owns 493 shares of the computer hardware maker's stock valued at $66,000 after purchasing an additional 283 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Activity

In other NVIDIA news, Director John Dabiri sold 2,663 shares of the stock in a transaction dated 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 sale, the director now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Aarti S. Shah sold 20,000 shares of the 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 completion of the sale, the director now 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 disclosure for this sale can be found here. Insiders have sold 1,257,983 shares of company stock valued at $172,973,349 over the last 90 days. 4.17% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on NVDA shares. Barclays reissued an "overweight" rating and issued a $170.00 target price (up previously from $155.00) on shares of NVIDIA in a research note on Thursday, May 29th. William Blair reiterated an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. UBS Group reissued a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. Arete Research raised NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. Finally, Tigress Financial reaffirmed a "buy" rating on shares of NVIDIA in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-six have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $171.66.

NVIDIA Stock Performance

NASDAQ NVDA traded down $1.93 during trading on Thursday, hitting $139.99. The company's stock had a trading volume of 228,903,974 shares, compared to its average volume of 282,161,636. 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 firm has a 50 day moving average price of $117.19 and a 200 day moving average price of $126.42. The firm has a market cap of $3.42 trillion, a P/E ratio of 55.09, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12. NVIDIA Co. has a 52 week low of $86.62 and a 52 week high of $195.95.

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

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date is Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

NVIDIA 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.