AI Squared Management Ltd Has $6.22 Million Position in NVIDIA Co. (NASDAQ:NVDA)

AI Squared Management Ltd raised its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 7.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,300 shares of the computer hardware maker's stock after buying an additional 3,300 shares during the quarter. NVIDIA comprises about 6.4% of AI Squared Management Ltd's holdings, making the stock its 8th largest position. AI Squared Management Ltd's holdings in NVIDIA were worth $6,218,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Hickory Point Bank & Trust purchased a new position in shares of NVIDIA in the fourth quarter worth about $2,272,000. Capital Performance Advisors LLP grew its stake in NVIDIA by 59.3% in the 4th quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock valued at $3,586,000 after buying an additional 9,944 shares in the last quarter. Ethos Financial Group LLC raised its holdings in NVIDIA by 24.1% during the 4th quarter. Ethos Financial Group LLC now owns 32,092 shares of the computer hardware maker's stock valued at $4,312,000 after acquiring an additional 6,241 shares during the period. Metis Global Partners LLC lifted its position in shares of NVIDIA by 3.6% during the fourth quarter. Metis Global Partners LLC now owns 1,464,826 shares of the computer hardware maker's stock worth $196,711,000 after acquiring an additional 50,978 shares in the last quarter. Finally, Candriam S.C.A. boosted its holdings in shares of NVIDIA by 0.5% in the fourth quarter. Candriam S.C.A. now owns 7,061,058 shares of the computer hardware maker's stock worth $948,229,000 after acquiring an additional 35,684 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $108.76 on Tuesday. The business has a 50-day simple moving average of $112.60 and a two-hundred day simple moving average of $128.76. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The firm has a market cap of $2.65 trillion, a price-to-earnings ratio of 42.80, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a fifty-two week low of $81.25 and a fifty-two week high of $195.95.

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

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors 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 yield of 0.04%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is presently 1.36%.

Insider Buying and Selling at NVIDIA

In related news, Director Aarti S. Shah sold 20,000 shares of the firm's stock in a transaction that occurred on 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 transaction, the director now owns 53,208 shares of the company's stock, valued at approximately $6,300,891.36. This trade represents a 27.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the transaction, the insider now owns 479,428 shares in the company, valued at $55,997,190.40. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on NVDA shares. Summit Insights cut NVIDIA from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. Bank of America cut their price objective on shares of NVIDIA from $200.00 to $160.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. DZ Bank raised shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. HSBC lowered shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target for the company. in a research report on Thursday, April 3rd. Finally, KeyCorp set a $190.00 price objective on NVIDIA in a research report on Wednesday, March 19th. Six analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $164.96.

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.

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