Vega Investment Solutions Makes New Investment in NVIDIA Co. (NASDAQ:NVDA)

Vega Investment Solutions bought a new stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 86,355 shares of the computer hardware maker's stock, valued at approximately $11,597,000. NVIDIA makes up approximately 9.5% of Vega Investment Solutions' holdings, making the stock its 2nd largest holding.

Other hedge funds also recently added to or reduced their stakes in the company. Tacita Capital Inc acquired a new position in NVIDIA during the 4th quarter valued at about $28,000. Vision Financial Markets LLC acquired a new position in NVIDIA during the 4th quarter valued at about $38,000. Luken Investment Analytics LLC purchased a new stake in NVIDIA during the 4th quarter valued at about $40,000. LSV Asset Management acquired a new position in shares of NVIDIA in the fourth quarter valued at about $54,000. Finally, Delos Wealth Advisors LLC raised its stake in shares of NVIDIA by 134.8% in the fourth quarter. Delos Wealth Advisors LLC now owns 493 shares of the computer hardware maker's stock worth $66,000 after purchasing an additional 283 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Mizuho upped their target price on NVIDIA from $168.00 to $170.00 and gave the company an "outperform" rating in a research report on Thursday, May 29th. KeyCorp set a $190.00 target price on NVIDIA in a research note on Wednesday, March 19th. DZ Bank upgraded NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. Wedbush reiterated an "outperform" rating on shares of NVIDIA in a research report on Thursday, May 29th. Finally, Benchmark restated a "buy" rating and issued a $190.00 target price on shares of NVIDIA in a research report on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, five have assigned 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.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $171.66.

Insiders Place Their Bets

In other news, Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the sale, the director now owns 53,208 shares in the company, valued at approximately $6,300,891.36. The trade was a 27.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark A. Stevens sold 935,000 shares of NVIDIA stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total value of $131,760,200.00. Following the sale, the director now owns 9,214,697 shares in the company, valued at $1,298,535,101.24. This trade represents a 9.21% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,257,983 shares of company stock valued at $172,973,349 in the last ninety days. Insiders own 4.17% of the company's stock.

NVIDIA Trading Down 1.4%

Shares of NVDA traded down $1.93 during midday trading on Thursday, hitting $139.99. 228,903,974 shares of the stock were exchanged, compared to its average volume of 282,161,636. NVIDIA Co. has a 52-week low of $86.62 and a 52-week high of $195.95. The stock has a fifty day simple moving average of $117.19 and a 200 day simple moving average of $126.42. The firm has a market cap of $3.42 trillion, a P/E ratio of 55.09, a P/E/G ratio of 1.76 and a beta of 2.12. 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 (NASDAQ:NVDA - Get Free Report) last released 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 company had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company's revenue for the quarter was up 69.2% on a year-over-year basis. During the same quarter last year, the business posted $0.61 earnings per share. On average, research analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently declared 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 of this dividend is Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is 1.29%.

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.