Soros Capital Management LLC Takes Position in NVIDIA Co. (NASDAQ:NVDA)

Soros Capital Management LLC acquired 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 firm acquired 206,700 shares of the computer hardware maker's stock, valued at approximately $27,758,000. NVIDIA accounts for about 4.4% of Soros Capital Management LLC's holdings, making the stock its 7th biggest position.

Other hedge funds have also recently modified their holdings of the company. Fayez Sarofim & Co boosted its holdings in NVIDIA by 49.9% in the fourth quarter. Fayez Sarofim & Co now owns 5,814,117 shares of the computer hardware maker's stock worth $791,625,000 after acquiring an additional 1,936,048 shares in the last quarter. Oxbow Capital Management HK Ltd increased its position in NVIDIA by 35.9% during the fourth quarter. Oxbow Capital Management HK Ltd now owns 455,389 shares of the computer hardware maker's stock valued at $61,154,000 after acquiring an additional 120,389 shares during the last quarter. Optivise Advisory Services LLC increased its holdings in NVIDIA by 20.9% during the fourth quarter. Optivise Advisory Services LLC now owns 15,805 shares of the computer hardware maker's stock valued at $2,121,000 after buying an additional 2,728 shares during the last quarter. Select Asset Management & Trust increased its position in NVIDIA by 153.2% in the fourth quarter. Select Asset Management & Trust now owns 11,570 shares of the computer hardware maker's stock worth $1,554,000 after buying an additional 7,000 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. lifted its holdings in NVIDIA by 0.5% during the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,159,681 shares of the computer hardware maker's stock valued at $155,734,000 after purchasing an additional 5,583 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Insiders Place Their Bets

In related news, Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the sale, the director now directly owns 53,208 shares in the company, valued at $6,300,891.36. This trade represents a 27.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Colette Kress sold 66,660 shares of the business's stock in a transaction dated Friday, March 21st. The shares were 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 directly owns 3,085,765 shares of the company's stock, valued at $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. Insiders sold 147,147 shares of company stock valued at $17,133,207 in the last ninety days. Insiders own 4.23% of the company's stock.

NVIDIA Trading Up 0.1%

NVDA stock traded up $0.17 during mid-day trading on Monday, hitting $135.57. 192,257,358 shares of the company were exchanged, compared to its average volume of 294,328,000. The business has a fifty day simple moving average of $112.33 and a 200-day simple moving average of $126.93. 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 12-month low of $86.62 and a 12-month high of $195.95. The firm has a market capitalization of $3.32 trillion, a P/E ratio of 53.35, a PEG ratio of 1.76 and a beta of 2.11.

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 analysts' consensus estimates of $0.84 by $0.05. The company had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. On average, equities research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Analysts Set New Price Targets

NVDA has been the subject of several recent analyst reports. HSBC downgraded NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target for the company. in a research note on Thursday, April 3rd. Morgan Stanley decreased their target price on NVIDIA from $162.00 to $160.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Wedbush reissued an "outperform" rating and set a $175.00 target price on shares of NVIDIA in a research report on Wednesday, April 16th. Hsbc Global Res cut shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Finally, Summit Insights lowered NVIDIA from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $164.84.

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.