NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd grew its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 19.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,227,710 shares of the computer hardware maker's stock after buying an additional 203,201 shares during the quarter. NVIDIA comprises 7.6% of Harvest Fund Management Co. Ltd's holdings, making the stock its 2nd biggest position. Harvest Fund Management Co. Ltd's holdings in NVIDIA were worth $164,894,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Tacita Capital Inc acquired a new stake in NVIDIA in the 4th quarter valued at about $28,000. Legend Financial Advisors Inc. bought a new stake in shares of NVIDIA in the 4th quarter worth approximately $34,000. Vision Financial Markets LLC acquired a new stake in NVIDIA during the fourth quarter valued at approximately $38,000. Luken Investment Analytics LLC bought a new stake in NVIDIA during the fourth quarter worth approximately $40,000. Finally, Lowe Wealth Advisors LLC acquired a new position in NVIDIA in the fourth quarter worth approximately $46,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on NVDA shares. Stifel Nicolaus set a $180.00 price objective on NVIDIA in a research report on Wednesday, March 19th. Morgan Stanley reduced their target price on NVIDIA from $162.00 to $160.00 and set an "overweight" rating for the company in a report on Friday. William Blair reissued an "outperform" rating on shares of NVIDIA in a research note on Thursday, March 20th. Tigress Financial reaffirmed a "buy" rating on shares of NVIDIA in a research note on Wednesday, February 26th. Finally, Truist Financial boosted their price target on shares of NVIDIA from $204.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Six 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 stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $164.96.

NVIDIA Stock Performance

NVDA stock traded up $4.58 on Friday, reaching $111.01. 250,248,639 shares of the company were exchanged, compared to its average volume of 305,623,412. The firm has a market capitalization of $2.71 trillion, a PE ratio of 43.69, a PEG ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a 12 month low of $81.25 and a 12 month high of $195.95. The stock's fifty day moving average price is $113.21 and its 200 day moving average price is $129.01. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data 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 net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. On average, research analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently disclosed 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 was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. NVIDIA's dividend payout ratio is currently 1.36%.

Insider Transactions at NVIDIA

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction 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 completion of the transaction, the insider now owns 479,428 shares in the company, valued at approximately $55,997,190.40. This represents a 0.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the sale, the director now owns 17,279 shares in the company, valued at approximately $1,900,690. This trade represents a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is owned by corporate insiders.

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.