Murphy & Mullick Capital Management Corp Buys Shares of 27,189 NVIDIA Co. (NASDAQ:NVDA)

Murphy & Mullick Capital Management Corp bought a new position 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 (SEC). The firm bought 27,189 shares of the computer hardware maker's stock, valued at approximately $3,651,000. NVIDIA accounts for approximately 3.4% of Murphy & Mullick Capital Management Corp's portfolio, making the stock its 2nd largest holding.

Other institutional investors also recently bought and sold shares of the company. Clear Street Derivatives LLC acquired a new position in shares of NVIDIA during the 3rd quarter worth approximately $4,589,905,000. Proficio Capital Partners LLC increased its holdings in NVIDIA by 14,641.2% in the 4th quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker's stock worth $4,656,682,000 after acquiring an additional 34,441,082 shares in the last quarter. GQG Partners LLC raised its position in NVIDIA by 132.3% during the fourth quarter. GQG Partners LLC now owns 25,697,930 shares of the computer hardware maker's stock worth $3,450,975,000 after acquiring an additional 14,636,057 shares during the period. Amundi grew its position in shares of NVIDIA by 12.9% in the fourth quarter. Amundi now owns 117,036,612 shares of the computer hardware maker's stock valued at $16,394,224,000 after purchasing an additional 13,406,054 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of NVIDIA by 2.2% during the third quarter. Geode Capital Management LLC now owns 546,079,492 shares of the computer hardware maker's stock worth $66,101,133,000 after purchasing an additional 11,525,969 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on NVDA shares. UBS Group reaffirmed a "buy" rating on shares of NVIDIA in a research note on Friday, April 25th. TD Cowen lowered their price target on NVIDIA from $175.00 to $140.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Wedbush reissued an "outperform" rating and issued a $175.00 price objective on shares of NVIDIA in a research note on Wednesday, April 16th. Summit Insights lowered NVIDIA from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. Finally, Hsbc Global Res downgraded shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Six analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, NVIDIA currently has a consensus rating of "Moderate Buy" and a consensus target price of $164.96.

Insider Activity at NVIDIA

In other NVIDIA 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 transaction, the director now directly owns 251,044 shares of the company's stock, valued at approximately $28,993,071.56. This trade represents a 17.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the transaction, the insider now directly owns 479,428 shares of the company's stock, valued at approximately $55,997,190.40. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock worth $17,133,207 in the last three months. Insiders own 4.23% of the company's stock.

NVIDIA Stock Down 0.1 %

NVIDIA stock traded down $0.10 during mid-day trading on Wednesday, hitting $108.92. The company had a trading volume of 223,117,523 shares, compared to its average volume of 303,086,208. The business has a fifty day moving average of $111.97 and a 200 day moving average of $128.63. NVIDIA Co. has a 1 year low of $81.25 and a 1 year high of $195.95. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The stock has a market cap of $2.66 trillion, a price-to-earnings ratio of 42.87, a PEG ratio of 1.76 and a beta of 1.96.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (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%. On average, sell-side analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

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.