Panoramic Capital Partners LLC purchased a new position in NVIDIA Co. (NASDAQ:NVDA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 15,604 shares of the computer hardware maker's stock, valued at approximately $2,095,000. NVIDIA accounts for approximately 1.8% of Panoramic Capital Partners LLC's investment portfolio, making the stock its 9th largest position.
Several other hedge funds have also recently made changes to their positions in NVDA. International Private Wealth Advisors LLC boosted its stake in NVIDIA by 202.0% during the 4th quarter. International Private Wealth Advisors LLC now owns 21,960 shares of the computer hardware maker's stock valued at $2,949,000 after purchasing an additional 14,688 shares during the last quarter. First National Corp MA ADV lifted its holdings in shares of NVIDIA by 6.9% in the fourth quarter. First National Corp MA ADV now owns 13,746 shares of the computer hardware maker's stock valued at $1,846,000 after purchasing an additional 883 shares in the last quarter. Equitable Trust Co. boosted its position in shares of NVIDIA by 0.5% during the fourth quarter. Equitable Trust Co. now owns 148,673 shares of the computer hardware maker's stock valued at $19,965,000 after buying an additional 723 shares during the last quarter. Global Wealth Management Investment Advisory Inc. grew its holdings in NVIDIA by 1.0% during the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 92,517 shares of the computer hardware maker's stock worth $12,424,000 after buying an additional 901 shares in the last quarter. Finally, Powell Investment Advisors LLC raised its position in NVIDIA by 11.3% in the 4th quarter. Powell Investment Advisors LLC now owns 18,272 shares of the computer hardware maker's stock valued at $2,454,000 after buying an additional 1,848 shares during the last quarter. 65.27% of the stock is owned by institutional investors.
NVIDIA Price Performance
Shares of NVIDIA stock opened at $115.74 on Thursday. 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 Co. has a 52-week low of $75.61 and a 52-week high of $153.13. The company has a fifty day moving average of $130.17 and a 200-day moving average of $131.31. The stock has a market capitalization of $2.82 trillion, a price-to-earnings ratio of 45.55, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77.
NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.05. The business had revenue of $39.33 billion for 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%. Equities research analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.
NVIDIA Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA's payout ratio is 1.36%.
Analysts Set New Price Targets
Several research firms have recently issued reports on NVDA. Loop Capital reiterated a "buy" rating and issued a $175.00 target price on shares of NVIDIA in a research note on Wednesday, November 20th. Citigroup upped their price objective on shares of NVIDIA from $170.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Evercore ISI lifted their target price on shares of NVIDIA from $189.00 to $190.00 and gave the stock an "outperform" rating in a research report on Thursday, November 21st. Rosenblatt Securities reaffirmed a "buy" rating and issued a $220.00 target price on shares of NVIDIA in a report on Monday, February 24th. Finally, Susquehanna lifted their price target on NVIDIA from $160.00 to $180.00 and gave the stock a "positive" rating in a report on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $171.69.
View Our Latest Stock Report on NVDA
Insider Activity
In other NVIDIA news, CFO Colette Kress sold 66,670 shares of the firm's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.40, for a total value of $9,027,118.00. Following the completion of the sale, the chief financial officer now directly owns 3,351,572 shares in the company, valued at $453,802,848.80. This trade represents a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $135.28, for a total value of $608,760.00. Following the sale, the insider now owns 480,899 shares in the company, valued at $65,056,016.72. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,110,295 shares of company stock valued at $146,698,216. Insiders own 4.23% of the company's stock.
NVIDIA Company Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Co. (NASDAQ:NVDA - Free Report).
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