Grantham Mayo Van Otterloo & Co. LLC Purchases 8,569 Shares of NVIDIA Co. (NASDAQ:NVDA)

Grantham Mayo Van Otterloo & Co. LLC raised its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 9.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 102,982 shares of the computer hardware maker's stock after purchasing an additional 8,569 shares during the period. Grantham Mayo Van Otterloo & Co. LLC's holdings in NVIDIA were worth $13,829,000 as of its most recent filing with the SEC.

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

NVIDIA Trading Down 0.2 %

NVDA opened at $113.54 on Wednesday. The company's 50 day moving average is $110.37 and its 200-day moving average is $127.81. The company has a market cap of $2.77 trillion, a P/E ratio of 44.68, a PEG ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a 1-year low of $86.62 and a 1-year high of $195.95. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. 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 declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA's payout ratio is 1.36%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Barclays dropped their price objective on NVIDIA from $175.00 to $155.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Raymond James reissued a "strong-buy" rating on shares of NVIDIA in a research report on Wednesday, April 16th. William Blair reaffirmed an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. Morgan Stanley reduced their price target on NVIDIA from $162.00 to $160.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Finally, Seaport Res Ptn raised NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $164.96.

Insider Activity

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the company'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 completion of the transaction, the insider now directly owns 479,428 shares in the company, valued at approximately $55,997,190.40. This represents a 0.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction on 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 transaction, the director now owns 53,208 shares in the company, valued at approximately $6,300,891.36. This trade represents a 27.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock valued at $17,133,207 over the last quarter. 4.23% of the stock is owned by company insiders.

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.

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