PKO Investment Management Joint Stock Co Purchases New Position in NVIDIA Co. (NASDAQ:NVDA)

PKO Investment Management Joint Stock Co purchased a new stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 158,000 shares of the computer hardware maker's stock, valued at approximately $21,218,000. NVIDIA makes up about 2.6% of PKO Investment Management Joint Stock Co's portfolio, making the stock its 6th biggest holding.

Several other large investors have also added to or reduced their stakes in NVDA. Hickory Point Bank & Trust purchased a new stake in shares of NVIDIA during the 4th quarter worth approximately $2,272,000. Capital Performance Advisors LLP raised its holdings in NVIDIA by 59.3% during the 4th quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock valued at $3,586,000 after acquiring an additional 9,944 shares during the period. Waddell & Associates LLC raised its holdings in NVIDIA by 1.2% during the 4th quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker's stock valued at $3,240,000 after acquiring an additional 297 shares during the period. Strategy Asset Managers LLC raised its holdings in NVIDIA by 0.8% during the 4th quarter. Strategy Asset Managers LLC now owns 52,307 shares of the computer hardware maker's stock valued at $7,024,000 after acquiring an additional 405 shares during the period. Finally, Ethos Financial Group LLC raised its holdings in NVIDIA by 24.1% during the 4th quarter. Ethos Financial Group LLC now owns 32,092 shares of the computer hardware maker's stock valued at $4,312,000 after acquiring an additional 6,241 shares during the period. Institutional investors own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on NVDA shares. DZ Bank raised shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. Tigress Financial reissued a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. Raymond James boosted their price target on shares of NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research report on Thursday, May 29th. Susquehanna restated a "positive" rating and set a $180.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, Seaport Res Ptn upgraded shares of NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-six have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $171.66.

Insider Activity at NVIDIA

In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of the business's stock in a transaction on 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 directly owns 251,044 shares of the company's stock, valued at approximately $28,993,071.56. The trade was a 17.52% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 1,257,983 shares of company stock worth $172,973,349 in the last 90 days. 4.17% of the stock is owned by insiders.

NVIDIA Trading Up 1.2%

NASDAQ NVDA opened at $141.72 on Friday. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 52 week low of $86.62 and a 52 week high of $195.95. The stock has a market capitalization of $3.46 trillion, a PE ratio of 55.77, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12. The firm has a 50 day moving average of $118.45 and a two-hundred day moving average of $126.24.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). The company had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm's quarterly revenue was up 69.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 EPS. As a group, research analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

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.

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