Martingale Asset Management L P Has $13.59 Million Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Martingale Asset Management L P boosted its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,162 shares of the computer hardware maker's stock after acquiring an additional 2,205 shares during the period. Martingale Asset Management L P's holdings in NVIDIA were worth $13,585,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Faithward Advisors LLC lifted its stake in shares of NVIDIA by 15.1% in the fourth quarter. Faithward Advisors LLC now owns 90,863 shares of the computer hardware maker's stock valued at $12,202,000 after buying an additional 11,937 shares during the period. Tandem Investment Partners LLC acquired a new stake in shares of NVIDIA during the 4th quarter worth approximately $782,000. APG Asset Management N.V. increased its position in shares of NVIDIA by 493.2% during the fourth quarter. APG Asset Management N.V. now owns 18,415,785 shares of the computer hardware maker's stock valued at $2,388,272,000 after purchasing an additional 15,311,330 shares during the period. Straightline Group LLC acquired a new position in shares of NVIDIA in the fourth quarter valued at $505,000. Finally, Bernard Wealth Management Corp. acquired a new stake in NVIDIA during the fourth quarter worth $3,311,000. 65.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Robert K. Burgess sold 53,324 shares of the company's stock in a transaction 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 completion of the sale, the director now directly owns 251,044 shares in the company, valued at approximately $28,993,071.56. This represents a 17.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction 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 completion of the transaction, the director now owns 17,279 shares in the company, valued at $1,900,690. The trade was a 13.35 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 147,147 shares of company stock valued at $17,133,207. Company insiders own 4.23% of the company's stock.

NVIDIA Stock Performance

NVDA stock traded down $0.72 during trading hours on Friday, reaching $116.65. The stock had a trading volume of 132,620,250 shares, compared to its average volume of 296,326,827. NVIDIA Co. has a fifty-two week low of $86.62 and a fifty-two week high of $195.95. The stock has a market capitalization of $2.85 trillion, a PE ratio of 45.91, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. The stock has a 50-day simple moving average of $110.29 and a 200 day simple moving average of $127.28. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued 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. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. Analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently announced 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 0.03%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA's dividend payout ratio is presently 1.36%.

Wall Street Analyst Weigh In

NVDA has been the subject of several research analyst reports. Morgan Stanley cut their price objective on NVIDIA from $162.00 to $160.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Tigress Financial reissued a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. Needham & Company LLC reaffirmed a "buy" rating and issued a $160.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. KeyCorp set a $190.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Stifel Nicolaus set a $180.00 price objective on NVIDIA in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $164.96.

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.