Martingale Asset Management L P Purchases 2,205 Shares of NVIDIA Co. (NASDAQ:NVDA)

Martingale Asset Management L P grew its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 2.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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 reporting period.

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

NVIDIA Price Performance

Shares of NVDA traded up $7.00 during trading hours on Tuesday, reaching $130.00. 149,430,437 shares of the stock traded hands, compared to its average volume of 281,260,781. The company's 50-day moving average price is $110.40 and its two-hundred day moving average price is $127.06. 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 Co. has a 52-week low of $86.62 and a 52-week high of $153.13. The company has a market cap of $3.18 trillion, a P/E ratio of 51.16, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.05. The company had revenue of $39.33 billion during the quarter, compared to analysts' expectations of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. On average, analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date was Wednesday, March 12th. NVIDIA's dividend payout ratio is presently 1.36%.

Insider Activity

In other news, Director Aarti S. Shah sold 20,000 shares of the firm's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $118.42, for a total value of $2,368,400.00. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Dabiri sold 2,663 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the sale, the director now directly owns 17,279 shares in the company, valued at $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 worth $17,133,207. 4.23% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NVDA. HSBC cut NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective on the stock. in a research note on Thursday, April 3rd. Hsbc Global Res downgraded NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Needham & Company LLC restated a "buy" rating and set a $160.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Cantor Fitzgerald reissued an "overweight" rating and set a $200.00 price objective on shares of NVIDIA in a research report on Wednesday, April 16th. Finally, Rosenblatt Securities reduced their price target on NVIDIA from $220.00 to $200.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, NVIDIA has an average rating of "Moderate Buy" and a consensus target price of $164.84.

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.