Haven Private LLC Invests $1.46 Million in NVIDIA Co. (NASDAQ:NVDA)

Haven Private LLC purchased a new position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,865 shares of the computer hardware maker's stock, valued at approximately $1,459,000. NVIDIA accounts for approximately 0.8% of Haven Private LLC's investment portfolio, making the stock its 29th largest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tacita Capital Inc acquired a new stake in shares of NVIDIA during the 4th quarter worth about $28,000. Legend Financial Advisors Inc. acquired a new stake in shares of NVIDIA during the fourth quarter worth approximately $34,000. Vision Financial Markets LLC bought a new position in shares of NVIDIA in the fourth quarter valued at approximately $38,000. Luken Investment Analytics LLC acquired a new position in shares of NVIDIA in the 4th quarter worth approximately $40,000. Finally, Lowe Wealth Advisors LLC acquired a new stake in NVIDIA during the 4th quarter valued at $46,000. Institutional investors own 65.27% of the company's stock.

Insider Activity

In other news, Director John Dabiri sold 2,663 shares of the company'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 sale, the director now directly owns 17,279 shares of the company's stock, valued at approximately $1,900,690. This represents a 13.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction dated 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 of the company's stock, valued at $360,509,924.95. The trade was a 2.11 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is owned by insiders.

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Wall Street Analyst Weigh In

A number of equities analysts have commented on NVDA shares. KeyCorp set a $190.00 price objective on NVIDIA in a research note on Wednesday, March 19th. Summit Insights cut shares of NVIDIA from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. Needham & Company LLC reissued a "buy" rating and issued a $160.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Bank of America reaffirmed a "buy" rating and set a $200.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Hsbc Global Res cut NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Six equities research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $168.39.

NVIDIA Stock Up 3.1 %

NVIDIA stock traded up $3.36 during mid-day trading on Friday, reaching $110.93. The company's stock had a trading volume of 312,748,883 shares, compared to its average volume of 314,750,490. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Co. has a 12 month low of $75.61 and a 12 month high of $195.95. The business's 50 day simple moving average is $118.95 and its 200 day simple moving average is $130.36. The company has a market capitalization of $2.71 trillion, a price-to-earnings ratio of 43.66, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating 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, research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA's dividend 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.