Oxbow Capital Management HK Ltd Has $61.15 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

Oxbow Capital Management HK Ltd raised its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 35.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 455,389 shares of the computer hardware maker's stock after acquiring an additional 120,389 shares during the quarter. NVIDIA comprises approximately 21.7% of Oxbow Capital Management HK Ltd's investment portfolio, making the stock its biggest holding. Oxbow Capital Management HK Ltd's holdings in NVIDIA were worth $61,154,000 as of its most recent SEC filing.

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

Insider Transactions at NVIDIA

In other NVIDIA news, Director John Dabiri sold 2,663 shares of the stock in a transaction that occurred 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 sale, the director now owns 17,279 shares in the company, valued at approximately $1,900,690. This trade represents a 13.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $525,600.00. Following the transaction, the insider now owns 479,428 shares of the company's stock, valued at approximately $55,997,190.40. This represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 147,147 shares of company stock worth $17,133,207. Company insiders own 4.23% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on NVDA shares. Seaport Res Ptn upgraded shares of NVIDIA to a "strong sell" rating in a report on Wednesday, April 30th. Citigroup reissued a "buy" rating on shares of NVIDIA in a research note on Wednesday, April 16th. Summit Insights cut NVIDIA from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. Rosenblatt Securities decreased their price objective on shares of NVIDIA from $220.00 to $200.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Finally, Susquehanna reaffirmed a "positive" rating and set a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. One equities research 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $164.84.

NVIDIA Price Performance

Shares of NVDA traded up $0.17 during trading hours on Monday, reaching $135.57. 192,257,358 shares of the company's stock traded hands, compared to its average volume of 294,328,000. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The firm's 50 day simple moving average is $112.33 and its 200-day simple moving average is $126.93. The stock has a market cap 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 12 month low of $86.62 and a 12 month high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued 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 firm had revenue of $39.33 billion during 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%. Equities analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

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.