Thoma Capital Management LLC Makes New $1.56 Million Investment in NVIDIA Co. (NASDAQ:NVDA)

Thoma Capital Management LLC acquired 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 SEC. The firm acquired 11,605 shares of the computer hardware maker's stock, valued at approximately $1,558,000. NVIDIA comprises 1.1% of Thoma Capital Management LLC's holdings, making the stock its 12th biggest position.

Other hedge funds have also added to or reduced their stakes in the company. Tacita Capital Inc bought a new position in NVIDIA during the fourth quarter worth $28,000. Vision Financial Markets LLC acquired a new stake in NVIDIA during the 4th quarter worth about $38,000. Luken Investment Analytics LLC acquired a new stake in NVIDIA during the fourth quarter worth approximately $40,000. Copia Wealth Management acquired a new stake in NVIDIA during the fourth quarter worth approximately $50,000. Finally, LSV Asset Management bought a new stake in NVIDIA in the fourth quarter worth approximately $54,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Stock Performance

Shares of NASDAQ NVDA traded up $1.73 during midday trading on Friday, hitting $141.72. The company's stock had a trading volume of 153,523,162 shares, compared to its average volume of 278,603,184. The firm has a market capitalization of $3.46 trillion, a price-to-earnings ratio of 55.77, a P/E/G ratio of 1.76 and a beta of 2.12. 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 stock has a fifty day moving average price of $118.45 and a 200 day moving average price of $126.24. 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 issued its earnings results 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 business 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 company's revenue was up 69.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.61 EPS. On average, research analysts forecast that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business 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 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 yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is 1.29%.

Insider Buying and Selling

In other news, Director John Dabiri sold 2,663 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the sale, the director now directly owns 17,279 shares in the company, valued at $1,900,690. This represents a 13.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Mark A. Stevens sold 935,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the completion of the transaction, the director now owns 9,214,697 shares of the company's stock, valued at $1,298,535,101.24. This trade represents a 9.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,257,983 shares of company stock valued at $172,973,349. Corporate insiders own 4.17% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on NVDA. Benchmark reiterated a "buy" rating and set a $190.00 target price on shares of NVIDIA in a research report on Thursday, May 29th. Piper Sandler reaffirmed an "overweight" rating and issued a $180.00 price target (up from $150.00) on shares of NVIDIA in a research note on Wednesday, May 28th. Arete Research upgraded shares of NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. DA Davidson raised their target price on NVIDIA from $120.00 to $135.00 and gave the company a "neutral" rating in a research note on Thursday, May 29th. Finally, Seaport Res Ptn raised NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $171.66.

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.