Shay Capital LLC Buys 5,900 Shares of NVIDIA Co. (NASDAQ:NVDA)

Shay Capital LLC increased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 115.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,000 shares of the computer hardware maker's stock after buying an additional 5,900 shares during the quarter. Shay Capital LLC's holdings in NVIDIA were worth $1,477,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Tacita Capital Inc acquired a new stake in shares of NVIDIA in the 4th quarter valued at approximately $28,000. Vision Financial Markets LLC bought a new position in NVIDIA in the 4th quarter valued at approximately $38,000. Luken Investment Analytics LLC bought a new position in NVIDIA in the 4th quarter valued at approximately $40,000. LSV Asset Management acquired a new stake in NVIDIA in the fourth quarter valued at approximately $54,000. Finally, Gleason Group Inc. grew its stake 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 worth $58,000 after buying an additional 148 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Stock Down 3.5%

Shares of NASDAQ NVDA traded down $4.91 during trading on Friday, hitting $134.28. 332,224,842 shares of the company traded hands, compared to its average volume of 285,804,787. The firm has a market capitalization 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 fifty day moving average is $115.20 and its 200 day moving average is $126.61. 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 Co. has a fifty-two week low of $86.62 and a fifty-two week high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted 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). NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the previous year, the firm earned $0.61 earnings per share. The company's revenue was up 69.2% on a year-over-year basis. Equities research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Insider Transactions at NVIDIA

In other news, Director Robert K. Burgess sold 53,324 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total value of $6,158,388.76. Following the transaction, the director now owns 251,044 shares in the company, valued at $28,993,071.56. The trade was a 17.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Dabiri sold 2,663 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the transaction, the director now directly owns 17,279 shares of the company's stock, valued at approximately $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 147,147 shares of company stock valued at $17,133,207 over the last ninety days. 4.17% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NVDA. Piper Sandler reissued an "overweight" rating and set a $180.00 price objective (up previously from $150.00) on shares of NVIDIA in a report on Wednesday. Arete Research upgraded NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. Bank of America boosted their price target on NVIDIA from $150.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Susquehanna reiterated a "positive" rating and issued a $180.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Finally, DA Davidson lifted their target price on shares of NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a research report on Thursday. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $171.66.

NVIDIA Company 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.