Shepherd Kaplan Krochuk LLC Invests $326,000 in NVIDIA Co. (NASDAQ:NVDA)

Shepherd Kaplan Krochuk LLC purchased a new stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,431 shares of the computer hardware maker's stock, valued at approximately $326,000.

Several other hedge funds and other institutional investors also recently modified their holdings of NVDA. Tacita Capital Inc acquired a new stake in NVIDIA in the fourth quarter worth about $28,000. Vision Financial Markets LLC acquired a new stake in NVIDIA in the fourth quarter worth about $38,000. Luken Investment Analytics LLC acquired a new stake in NVIDIA in the fourth quarter worth about $40,000. LSV Asset Management acquired a new stake in NVIDIA in the fourth quarter worth about $54,000. Finally, Gleason Group Inc. lifted its holdings in NVIDIA by 52.9% in the fourth quarter. Gleason Group Inc. now owns 428 shares of the computer hardware maker's stock worth $58,000 after purchasing an additional 148 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Stock Performance

NVDA stock traded up $2.25 during midday trading on Monday, hitting $137.38. The stock had a trading volume of 195,048,031 shares, compared to its average volume of 284,142,630. The firm has a market capitalization of $3.36 trillion, a price-to-earnings ratio of 54.07, a P/E/G ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a 52 week low of $86.62 and a 52 week high of $195.95. The stock has a 50-day simple moving average of $115.95 and a 200 day simple moving average of $126.21. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The company had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm's revenue was up 69.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.61 earnings per share. As a group, equities research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's payout ratio is presently 1.29%.

Analysts Set New Price Targets

Several research firms recently weighed in on NVDA. Rosenblatt Securities upped their price objective on shares of NVIDIA from $178.00 to $200.00 and gave the stock a "buy" rating in a report on Thursday. UBS Group restated a "buy" rating on shares of NVIDIA in a report on Friday, May 23rd. Truist Financial boosted their price objective on NVIDIA from $205.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday. TD Cowen boosted their price objective on NVIDIA from $140.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Needham & Company LLC reissued a "buy" rating and issued a $160.00 price target on shares of NVIDIA in a research note on Thursday. One 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 issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $171.66.

Insider Buying and Selling at NVIDIA

In related news, Director Robert K. Burgess sold 53,324 shares of NVIDIA stock in a transaction dated 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 completion of the transaction, the director now directly owns 251,044 shares of the company's stock, valued at $28,993,071.56. The trade was a 17.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the sale, the chief financial officer now owns 3,085,765 shares of the company's stock, valued at approximately $360,509,924.95. The trade was a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 147,147 shares of company stock valued at $17,133,207. 4.17% of the stock is currently owned by company insiders.

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.