Generation Capital Management LLC Invests $3.02 Million in NVIDIA Co. (NASDAQ:NVDA)

Generation Capital Management 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 disclosure with the SEC. The firm purchased 22,480 shares of the computer hardware maker's stock, valued at approximately $3,019,000. NVIDIA comprises about 2.6% of Generation Capital Management LLC's investment portfolio, making the stock its 12th biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NVDA. Tacita Capital Inc bought a new position in NVIDIA during the 4th quarter worth $28,000. Legend Financial Advisors Inc. acquired a new position in shares of NVIDIA in the fourth quarter valued at about $34,000. Vision Financial Markets LLC bought a new position in NVIDIA during the fourth quarter worth about $38,000. Luken Investment Analytics LLC acquired a new stake in NVIDIA in the 4th quarter worth about $40,000. Finally, Lowe Wealth Advisors LLC bought a new stake in NVIDIA in the 4th quarter valued at about $46,000. 65.27% of the stock is owned by institutional investors.

NVIDIA Stock Up 0.4%

Shares of NVDA stock traded up $0.57 on Friday, reaching $135.40. 221,859,039 shares of the company were exchanged, compared to its average volume of 294,990,946. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The company has a 50-day moving average of $112.33 and a 200-day moving average of $127.06. The company has a market cap of $3.31 trillion, a price-to-earnings ratio of 53.29, a PEG ratio of 1.76 and a beta of 2.11. 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 announced its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. The firm had revenue of $39.33 billion during the quarter, compared to analysts' expectations of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. Analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were issued a $0.01 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's dividend payout ratio is presently 1.36%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on NVDA shares. Seaport Res Ptn upgraded shares of NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. Summit Insights downgraded NVIDIA from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. Susquehanna restated a "positive" rating and set a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Mizuho reduced their target price on NVIDIA from $175.00 to $168.00 and set an "outperform" rating on the stock in a report on Friday, March 14th. Finally, Raymond James reaffirmed a "strong-buy" rating on shares of NVIDIA in a research note on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus price target of $164.84.

Insider Transactions at NVIDIA

In other news, Director Robert K. Burgess sold 53,324 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the sale, the director now owns 251,044 shares in the company, valued at $28,993,071.56. This represents a 17.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the transaction, the director now directly owns 17,279 shares in the company, valued at $1,900,690. The trade was a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock valued at $17,133,207 over the last ninety days. 4.23% of the stock is currently owned by insiders.

NVIDIA 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.