Fjell Capital LLC Takes $2.62 Million Position in NVIDIA Co. (NASDAQ:NVDA)

Fjell Capital LLC bought a new position in NVIDIA Co. (NASDAQ:NVDA - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 19,540 shares of the computer hardware maker's stock, valued at approximately $2,624,000. NVIDIA comprises 2.7% of Fjell Capital LLC's portfolio, making the stock its 14th largest position.

Several other large investors have also added to or reduced their stakes in the company. Clear Street Derivatives LLC purchased a new stake in shares of NVIDIA in the 3rd quarter valued at $4,589,905,000. Geode Capital Management LLC lifted its position in NVIDIA by 2.2% during the third quarter. Geode Capital Management LLC now owns 546,079,492 shares of the computer hardware maker's stock valued at $66,101,133,000 after purchasing an additional 11,525,969 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in NVIDIA by 3.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 180,403,789 shares of the computer hardware maker's stock valued at $21,908,236,000 after purchasing an additional 6,526,200 shares during the last quarter. National Pension Service grew its position in NVIDIA by 14.9% during the 3rd quarter. National Pension Service now owns 47,220,708 shares of the computer hardware maker's stock worth $5,734,483,000 after purchasing an additional 6,118,674 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of NVIDIA by 57.7% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 13,571,355 shares of the computer hardware maker's stock valued at $1,648,105,000 after buying an additional 4,965,442 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insiders Place Their Bets

In related news, Director John Dabiri sold 2,663 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now owns 17,279 shares of the company's stock, valued at approximately $1,900,690. This trade represents a 13.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Colette Kress sold 66,660 shares of the company's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the transaction, the chief financial officer now owns 3,085,765 shares in the company, valued at $360,509,924.95. This trade represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 183,609 shares of company stock valued at $22,642,615 over the last 90 days. 4.23% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on NVDA. Truist Financial upped their target price on NVIDIA from $204.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Susquehanna reaffirmed a "positive" rating and set a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. DA Davidson decreased their target price on shares of NVIDIA from $135.00 to $125.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. Wedbush restated an "outperform" rating and set a $175.00 price target on shares of NVIDIA in a research report on Thursday, February 20th. Finally, Hsbc Global Res cut shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday. Six research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus price target of $169.89.

NVIDIA Trading Down 7.4 %

Shares of NASDAQ NVDA traded down $7.49 during midday trading on Friday, reaching $94.31. 529,399,816 shares of the stock were exchanged, compared to its average volume of 312,806,578. The stock has a market capitalization of $2.30 trillion, a P/E ratio of 37.12, a PEG ratio of 1.76 and a beta of 1.96. 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 company has a 50 day simple moving average of $121.20 and a 200 day simple moving average of $131.07. NVIDIA Co. has a twelve month low of $75.61 and a twelve month high of $195.95.

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 (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $39.33 billion during the quarter, compared to analysts' expectations of $38.16 billion. As a group, equities analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

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.