Thiel Macro LLC Purchases New Position in NVIDIA Co. (NASDAQ:NVDA)

Thiel Macro LLC purchased a new stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 246,893 shares of the computer hardware maker's stock, valued at approximately $33,155,000. NVIDIA accounts for approximately 28.1% of Thiel Macro LLC's investment portfolio, making the stock its 3rd biggest position.

A number of other institutional investors have also recently bought and sold shares of NVDA. Tolleson Wealth Management Inc. acquired a new stake in NVIDIA during the 4th quarter valued at $967,000. Trace Wealth Advisors LLC purchased a new position in shares of NVIDIA during the fourth quarter valued at $381,000. True Wealth Design LLC raised its position in NVIDIA by 8.5% during the fourth quarter. True Wealth Design LLC now owns 3,347 shares of the computer hardware maker's stock valued at $450,000 after buying an additional 262 shares during the period. State of Wyoming lifted its stake in NVIDIA by 113.5% in the 4th quarter. State of Wyoming now owns 85,056 shares of the computer hardware maker's stock worth $11,422,000 after acquiring an additional 45,214 shares in the last quarter. Finally, Stonebrook Private Inc. boosted its position in NVIDIA by 5.9% during the 4th quarter. Stonebrook Private Inc. now owns 56,194 shares of the computer hardware maker's stock worth $7,546,000 after acquiring an additional 3,132 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

NVDA has been the subject of a number of research analyst reports. DA Davidson increased their price target on shares of NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a research report on Thursday. Arete Research upgraded shares of NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. Raymond James lifted their target price on shares of NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research note on Thursday. HSBC downgraded shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target on the stock. in a research note on Thursday, April 3rd. Finally, Citigroup reissued a "buy" rating and set a $180.00 price objective (up previously from $150.00) on shares of NVIDIA in a research report on Thursday. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-six have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $171.66.

Insider Activity

In other news, CFO Colette Kress sold 66,660 shares of NVIDIA 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 sale, the chief financial officer now owns 3,085,765 shares of the company's stock, valued at approximately $360,509,924.95. This trade represents a 2.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the business's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $525,600.00. Following the sale, the insider now owns 479,428 shares in the company, valued at approximately $55,997,190.40. This represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 147,147 shares of company stock valued at $17,133,207. Insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

NVDA traded down $4.91 during midday trading on Friday, reaching $134.28. The company's stock had a trading volume of 332,224,842 shares, compared to its average volume of 284,499,573. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The company has a fifty day simple moving average of $115.48 and a 200 day simple moving average of $126.52. The stock has a market cap of $3.28 trillion, a P/E ratio of 52.85, a PEG ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a twelve month low of $86.62 and a twelve month high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (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 company had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. The company's revenue was up 69.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.61 EPS. Research analysts expect 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. Stockholders 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 annualized dividend and a dividend yield of 0.03%. NVIDIA's payout ratio 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.