NVIDIA Co. (NASDAQ:NVDA) is Harvest Investment Services LLC's 4th Largest Position

Harvest Investment Services LLC boosted its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 4.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 68,568 shares of the computer hardware maker's stock after purchasing an additional 3,146 shares during the quarter. NVIDIA comprises about 2.3% of Harvest Investment Services LLC's investment portfolio, making the stock its 4th largest holding. Harvest Investment Services LLC's holdings in NVIDIA were worth $9,208,000 as of its most recent filing with the Securities and Exchange Commission.

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

NVIDIA Stock Up 0.1%

NVIDIA stock traded up $0.17 during mid-day trading on Monday, reaching $135.57. The stock had a trading volume of 192,257,358 shares, compared to its average volume of 294,328,000. The firm has a market capitalization of $3.32 trillion, a PE ratio of 53.35, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a fifty-two week low of $86.62 and a fifty-two week high of $195.95. The stock's 50-day simple moving average is $112.33 and its 200-day simple moving average is $126.93. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $39.33 billion for the quarter, compared to analysts' expectations of $38.16 billion. On average, sell-side analysts forecast that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on NVDA shares. Summit Insights downgraded NVIDIA from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. Rosenblatt Securities reduced their target price on NVIDIA from $220.00 to $200.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. DA Davidson cut their price objective on shares of NVIDIA from $125.00 to $120.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Truist Financial raised their target price on shares of NVIDIA from $204.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Finally, Tigress Financial reaffirmed a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, NVIDIA presently has an average rating of "Moderate Buy" and a consensus price target of $164.84.

Insider Buying and Selling at NVIDIA

In related news, CFO Colette Kress sold 66,660 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the transaction, the chief financial officer now owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. This represents a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction dated Monday, March 10th. The stock was 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 directly owns 17,279 shares in the company, valued at approximately $1,900,690. This represents a 13.35% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 147,147 shares of company stock worth $17,133,207. Insiders own 4.23% 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.