Polymer Capital Management HK LTD Purchases 44,948 Shares of NVIDIA Co. (NASDAQ:NVDA)

Polymer Capital Management HK LTD grew its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 52.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 130,266 shares of the computer hardware maker's stock after acquiring an additional 44,948 shares during the period. NVIDIA comprises approximately 3.0% of Polymer Capital Management HK LTD's portfolio, making the stock its 4th largest position. Polymer Capital Management HK LTD's holdings in NVIDIA were worth $17,493,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. SOA Wealth Advisors LLC. grew its holdings in NVIDIA by 0.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker's stock worth $14,650,000 after acquiring an additional 350 shares in the last quarter. Swedbank AB grew its position in shares of NVIDIA by 4.8% in the 3rd quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker's stock valued at $4,965,526,000 after buying an additional 1,868,358 shares during the last quarter. Principal Financial Group Inc. boosted its stake in NVIDIA by 3.7% in the third quarter. Principal Financial Group Inc. now owns 35,627,274 shares of the computer hardware maker's stock valued at $4,326,576,000 after acquiring an additional 1,285,897 shares in the last quarter. German American Bancorp Inc. boosted its position in shares of NVIDIA by 4.7% in the 3rd quarter. German American Bancorp Inc. now owns 256,257 shares of the computer hardware maker's stock valued at $31,120,000 after purchasing an additional 11,392 shares during the period. Finally, John G Ullman & Associates Inc. purchased a new stake in NVIDIA in the third quarter valued at approximately $208,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on NVDA. Piper Sandler reissued an "overweight" rating on shares of NVIDIA in a report on Friday, April 25th. Morgan Stanley reduced their price objective on shares of NVIDIA from $162.00 to $160.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Benchmark reissued a "buy" rating and issued a $190.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Susquehanna restated a "positive" rating and set a $180.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, DZ Bank raised NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. One 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 given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $164.96.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA opened at $116.89 on Thursday. The company has a market cap of $2.85 trillion, a P/E ratio of 46.00, a PEG ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a one year low of $86.62 and a one year high of $195.95. The business's 50-day simple moving average is $110.21 and its 200 day simple moving average is $127.73. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.

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 for the quarter, beating the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. On average, sell-side analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were given 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 payout ratio is 1.36%.

Insider Buying and Selling

In other NVIDIA news, CFO Colette Kress sold 66,660 shares of the stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the transaction, the chief financial officer now directly owns 3,085,765 shares in the company, valued at $360,509,924.95. This represents a 2.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John Dabiri sold 2,663 shares of the business's 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 of the company's stock, valued at $1,900,690. The trade was a 13.35 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 147,147 shares of company stock worth $17,133,207. 4.23% of the stock is currently owned by corporate insiders.

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.

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