Flputnam Investment Management Co. Has $172.69 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Flputnam Investment Management Co. grew its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 9.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,285,929 shares of the computer hardware maker's stock after buying an additional 111,161 shares during the quarter. NVIDIA accounts for approximately 3.2% of Flputnam Investment Management Co.'s holdings, making the stock its 5th largest position. Flputnam Investment Management Co.'s holdings in NVIDIA were worth $172,687,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tower Bridge Advisors lifted its holdings in NVIDIA by 9.8% in the fourth quarter. Tower Bridge Advisors now owns 33,700 shares of the computer hardware maker's stock valued at $4,526,000 after acquiring an additional 3,000 shares during the period. TD Capital Management LLC increased its position in shares of NVIDIA by 1.8% during the 4th quarter. TD Capital Management LLC now owns 8,592 shares of the computer hardware maker's stock valued at $1,154,000 after purchasing an additional 150 shares during the last quarter. Illumine Investment Management LLC bought a new position in shares of NVIDIA in the 4th quarter worth approximately $581,000. Tufton Capital Management boosted its holdings in shares of NVIDIA by 6.8% in the fourth quarter. Tufton Capital Management now owns 11,380 shares of the computer hardware maker's stock worth $1,528,000 after buying an additional 720 shares during the last quarter. Finally, Veridan Wealth LLC bought a new stake in NVIDIA during the fourth quarter valued at approximately $1,350,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NVIDIA news, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the sale, the director now owns 17,279 shares of the company's stock, valued at $1,900,690. This trade represents a 13.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $525,600.00. Following the transaction, the insider now directly owns 479,428 shares in the company, valued at approximately $55,997,190.40. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 183,609 shares of company stock valued at $22,642,615 over the last three months. 4.23% of the stock is owned by company insiders.

NVIDIA Stock Performance

NVIDIA stock opened at $94.31 on Friday. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a twelve month low of $75.61 and a twelve month high of $195.95. The company's 50-day moving average price is $121.20 and its 200-day moving average price is $130.96. The company has a market cap of $2.30 trillion, a PE ratio of 37.12, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96.

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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 for the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. On average, equities research analysts forecast that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. DZ Bank upgraded shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. William Blair reissued an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $220.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Benchmark reiterated a "buy" rating and set a $190.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Bank of America reissued a "buy" rating and issued a $200.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Five investment analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $169.89.

NVIDIA Company 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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