Aigen Investment Management LP Makes New Investment in NVIDIA Co. (NASDAQ:NVDA)

Aigen Investment Management LP acquired a new position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,268 shares of the computer hardware maker's stock, valued at approximately $1,110,000.

A number of other large investors have also made changes to their positions in the stock. Proficio Capital Partners LLC increased its stake in NVIDIA by 10.7% in the fourth quarter. Proficio Capital Partners LLC now owns 260,403 shares of the computer hardware maker's stock valued at $34,970,000 after acquiring an additional 25,169 shares during the period. Boulder Wealth Advisors LLC lifted its position in shares of NVIDIA by 8.4% during the 4th quarter. Boulder Wealth Advisors LLC now owns 6,078 shares of the computer hardware maker's stock worth $816,000 after buying an additional 473 shares during the period. SPC Financial Inc. grew its position in NVIDIA by 13.4% in the fourth quarter. SPC Financial Inc. now owns 30,385 shares of the computer hardware maker's stock valued at $4,080,000 after acquiring an additional 3,588 shares during the period. LVZ Inc. raised its stake in NVIDIA by 6.6% during the fourth quarter. LVZ Inc. now owns 6,037 shares of the computer hardware maker's stock worth $811,000 after acquiring an additional 376 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in shares of NVIDIA by 12.8% in the 4th quarter. Assetmark Inc. now owns 5,521,811 shares of the computer hardware maker's stock valued at $741,524,000 after purchasing an additional 626,664 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Morgan Stanley set a $162.00 price target on shares of NVIDIA and gave the company an "overweight" rating in a report on Wednesday, March 19th. TD Cowen reduced their target price on NVIDIA from $175.00 to $140.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Needham & Company LLC reaffirmed a "buy" rating and set a $160.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Wedbush restated an "outperform" rating and set a $175.00 target price on shares of NVIDIA in a report on Thursday, February 20th. Finally, Bank of America reiterated a "buy" rating and issued a $200.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Six equities research analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus price target of $168.39.

Insider Activity

In related news, Director John Dabiri sold 2,663 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the transaction, the director now directly owns 17,279 shares of the company's stock, valued at $1,900,690. This represents a 13.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 of the company's stock, valued at approximately $6,300,891.36. This represents a 27.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 147,147 shares of company stock valued at $17,133,207. Company insiders own 4.23% of the company's stock.

NVIDIA Price Performance

Shares of NASDAQ NVDA traded up $2.03 during mid-day trading on Monday, hitting $112.96. 46,901,922 shares of the stock traded hands, compared to its average volume of 313,313,232. NVIDIA Co. has a twelve month low of $75.61 and a twelve month high of $195.95. The firm has a 50 day simple moving average of $118.95 and a two-hundred day simple moving average of $130.40. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The company has a market cap of $2.76 trillion, a PE ratio of 44.03, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. The business had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. As a group, equities research analysts forecast that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.04%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA's payout ratio is presently 1.36%.

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.