Jump Financial LLC Buys 173,426 Shares of NVIDIA Co. (NASDAQ:NVDA)

Jump Financial LLC lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 327.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 226,426 shares of the computer hardware maker's stock after acquiring an additional 173,426 shares during the quarter. NVIDIA comprises approximately 0.6% of Jump Financial LLC's holdings, making the stock its 11th largest position. Jump Financial LLC's holdings in NVIDIA were worth $30,407,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Hickory Point Bank & Trust acquired a new position in shares of NVIDIA in the 4th quarter worth approximately $2,272,000. Capital Performance Advisors LLP raised its holdings in shares of NVIDIA by 59.3% in the 4th quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock worth $3,586,000 after buying an additional 9,944 shares in the last quarter. Waddell & Associates LLC raised its holdings in shares of NVIDIA by 1.2% in the 4th quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker's stock worth $3,240,000 after buying an additional 297 shares in the last quarter. Ethos Financial Group LLC raised its holdings in shares of NVIDIA by 24.1% in the 4th quarter. Ethos Financial Group LLC now owns 32,092 shares of the computer hardware maker's stock worth $4,312,000 after buying an additional 6,241 shares in the last quarter. Finally, Metis Global Partners LLC raised its holdings in shares of NVIDIA by 3.6% in the 4th quarter. Metis Global Partners LLC now owns 1,464,826 shares of the computer hardware maker's stock worth $196,711,000 after buying an additional 50,978 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Insiders Place Their Bets

In related news, Director Robert K. Burgess sold 53,324 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the transaction, the director now directly owns 251,044 shares of the company's stock, valued at approximately $28,993,071.56. This represents a 17.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Dabiri sold 2,663 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the transaction, the director now directly owns 17,279 shares in the company, valued at approximately $1,900,690. This trade represents a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is currently owned by company insiders.

NVIDIA Trading Up 4.2%

NVDA traded up $5.41 during midday trading on Wednesday, hitting $135.34. 279,277,491 shares of the company were exchanged, compared to its average volume of 296,148,002. The firm has a market capitalization of $3.31 trillion, a P/E ratio of 53.26, a P/E/G 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 firm's 50 day moving average price is $110.79 and its 200-day moving average price is $127.08. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping the consensus estimate of $0.84 by $0.05. The firm had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. As a group, equities analysts forecast that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Analysts Set New Price Targets

A number of research firms recently commented on NVDA. Wedbush restated an "outperform" rating and set a $175.00 price target on shares of NVIDIA in a research report on Wednesday, April 16th. William Blair restated an "outperform" rating on shares of NVIDIA in a research report on Thursday, March 20th. Needham & Company LLC restated a "buy" rating and set a $160.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Benchmark restated a "buy" rating and set a $190.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, Stifel Nicolaus set a $180.00 price target on NVIDIA in a research report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $164.84.

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.