Flputnam Investment Management Co. Has $19.78 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

Flputnam Investment Management Co. grew its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 126.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 39,949 shares of the computer hardware maker's stock after acquiring an additional 22,317 shares during the quarter. Flputnam Investment Management Co.'s holdings in NVIDIA were worth $19,784,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA purchased a new stake in shares of NVIDIA during the fourth quarter worth about $28,000. Peoples Financial Services CORP. acquired a new position in NVIDIA during the third quarter valued at approximately $30,000. Your Advocates Ltd. LLP purchased a new stake in NVIDIA during the third quarter worth approximately $30,000. Trivant Custom Portfolio Group LLC raised its stake in shares of NVIDIA by 44.1% in the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker's stock valued at $43,000 after acquiring an additional 30 shares during the period. Finally, O Brien Wealth Partners LLC raised its position in NVIDIA by 139.5% in the fourth quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker's stock valued at $45,000 after purchasing an additional 53 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insiders Place Their Bets

In related news, Director Mark A. Stevens sold 10,000 shares of the business's stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the completion of the transaction, the director now owns 1,124,583 shares of the company's stock, valued at $896,933,663.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the completion of the sale, the director now directly owns 1,124,583 shares of the company's stock, valued at $896,933,663.31. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John Dabiri sold 128 shares of NVIDIA stock in a transaction on Monday, March 25th. The stock was sold at an average price of $940.00, for a total transaction of $120,320.00. Following the completion of the transaction, the director now directly owns 2,055 shares in the company, valued at $1,931,700. The disclosure for this sale can be found here. In the last ninety days, insiders sold 61,278 shares of company stock worth $52,689,898. 3.99% of the stock is currently owned by company insiders.

NVIDIA Trading Down 3.3 %

Shares of NASDAQ:NVDA traded down $27.46 during trading on Wednesday, hitting $796.77. The company had a trading volume of 50,966,778 shares, compared to its average volume of 52,245,457. The stock has a market cap of $1.99 trillion, a price-to-earnings ratio of 66.73, a price-to-earnings-growth ratio of 1.14 and a beta of 1.73. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. The company has a fifty day simple moving average of $849.38 and a two-hundred day simple moving average of $631.03. NVIDIA Co. has a one year low of $262.25 and a one year high of $974.00.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, beating the consensus estimate of $4.21 by $0.95. The company had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The firm's revenue was up 265.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.65 EPS. As a group, equities analysts forecast that NVIDIA Co. will post 22.55 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA's dividend payout ratio (DPR) is presently 1.34%.

Analyst Ratings Changes

Several brokerages have recently commented on NVDA. Mizuho lifted their target price on NVIDIA from $850.00 to $1,000.00 and gave the stock a "buy" rating in a research report on Thursday, March 7th. The Goldman Sachs Group increased their target price on shares of NVIDIA from $875.00 to $1,000.00 and gave the company a "buy" rating in a research note on Wednesday, March 20th. Argus boosted their price target on shares of NVIDIA from $850.00 to $950.00 and gave the company a "buy" rating in a report on Wednesday, March 20th. CICC Research initiated coverage on NVIDIA in a research note on Wednesday, March 6th. They set an "outperform" rating and a $870.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of NVIDIA from $720.00 to $850.00 and gave the stock a "hold" rating in a report on Wednesday, March 20th. Four analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $940.30.

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.