Vivaldi Capital Management LP Boosts Holdings in NVIDIA Co. (NASDAQ:NVDA)

Vivaldi Capital Management LP increased its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 221.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 139,628 shares of the computer hardware maker's stock after buying an additional 96,238 shares during the quarter. NVIDIA makes up 2.8% of Vivaldi Capital Management LP's holdings, making the stock its 5th biggest position. Vivaldi Capital Management LP's holdings in NVIDIA were worth $18,751,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Tacita Capital Inc bought a new stake in shares of NVIDIA during the 4th quarter worth about $28,000. Vision Financial Markets LLC acquired a new position in NVIDIA in the 4th quarter valued at $38,000. Luken Investment Analytics LLC bought a new position in NVIDIA during the 4th quarter worth $40,000. LSV Asset Management acquired a new stake in shares of NVIDIA during the fourth quarter worth $54,000. Finally, Delos Wealth Advisors LLC boosted its position in shares of NVIDIA by 134.8% in the fourth quarter. Delos Wealth Advisors LLC now owns 493 shares of the computer hardware maker's stock valued at $66,000 after acquiring an additional 283 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on NVDA shares. Barclays reaffirmed an "overweight" rating and set a $170.00 price target (up from $155.00) on shares of NVIDIA in a research report on Thursday, May 29th. Citigroup reaffirmed a "buy" rating and set a $180.00 target price (up from $150.00) on shares of NVIDIA in a report on Thursday, May 29th. Stifel Nicolaus set a $180.00 price target on NVIDIA in a research note on Wednesday, March 19th. UBS Group reissued a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. Finally, DZ Bank raised NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-six have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, NVIDIA has an average rating of "Moderate Buy" and a consensus price target of $171.66.

NVIDIA Trading Up 0.0%

Shares of NVDA traded up $0.03 during trading hours on Wednesday, hitting $141.25. 77,493,574 shares of the stock were exchanged, compared to its average volume of 282,503,010. The firm has a market capitalization of $3.45 trillion, a P/E ratio of 55.64, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA Co. has a fifty-two week low of $86.62 and a fifty-two week high of $195.95. The business has a 50-day moving average of $116.54 and a 200-day moving average of $126.31.

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

NVIDIA Announces Dividend

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

Insider Activity

In other NVIDIA news, Director John Dabiri sold 2,663 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the sale, the director now owns 17,279 shares in the company, valued at approximately $1,900,690. The trade was a 13.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert K. Burgess sold 53,324 shares of the firm's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the completion of the transaction, the director now directly owns 251,044 shares in the company, valued at approximately $28,993,071.56. The trade was a 17.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 197,147 shares of company stock worth $23,874,207 in the last three months. Company insiders own 4.17% of the company's stock.

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.