NVIDIA Co. (NASDAQ:NVDA) is Ratan Capital Management LP's Largest Position

Ratan Capital Management LP raised its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 68.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 834,930 shares of the computer hardware maker's stock after purchasing an additional 338,820 shares during the quarter. NVIDIA makes up approximately 17.3% of Ratan Capital Management LP's portfolio, making the stock its largest holding. Ratan Capital Management LP's holdings in NVIDIA were worth $112,123,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Tacita Capital Inc purchased a new stake in NVIDIA during the fourth quarter valued at about $28,000. Vision Financial Markets LLC purchased a new stake in NVIDIA in the fourth quarter worth $38,000. Luken Investment Analytics LLC purchased a new stake in shares of NVIDIA in the 4th quarter worth approximately $40,000. LSV Asset Management purchased a new stake in NVIDIA during the 4th quarter valued at $54,000. Finally, Gleason Group Inc. raised its holdings in shares of NVIDIA by 52.9% during the fourth quarter. Gleason Group Inc. now owns 428 shares of the computer hardware maker's stock valued at $58,000 after purchasing an additional 148 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NVDA. KeyCorp set a $190.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Stifel Nicolaus set a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Barclays restated an "overweight" rating and set a $170.00 price objective (up from $155.00) on shares of NVIDIA in a report on Thursday. UBS Group reiterated a "buy" rating on shares of NVIDIA in a research note on Friday, May 23rd. Finally, HSBC lowered shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective for the company. in a research report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-six have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus price target of $171.66.

NVIDIA Trading Down 3.5%

NVIDIA stock traded down $4.91 during trading hours on Friday, hitting $134.28. The stock had a trading volume of 332,224,842 shares, compared to its average volume of 285,804,787. The stock has a market cap of $3.28 trillion, a price-to-earnings ratio of 52.85, a P/E/G ratio of 1.76 and a beta of 2.11. The business's 50 day simple moving average is $115.20 and its 200-day simple moving average is $126.61. 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 one year low of $86.62 and a one year high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The company had revenue of $44.06 billion during 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 earnings per share. On average, equities analysts predict 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 will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be issued 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 at NVIDIA

In related news, Director John Dabiri sold 2,663 shares of the stock in a transaction 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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Colette Kress sold 66,660 shares of the business's stock in a transaction that occurred on Friday, March 21st. The stock was 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 directly owns 3,085,765 shares of the company's stock, valued at approximately $360,509,924.95. This represents a 2.11% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 147,147 shares of company stock worth $17,133,207. Company insiders own 4.17% of the company's stock.

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.