Hughes Financial Services LLC Buys Shares of 3,493 NVIDIA Co. (NASDAQ:NVDA)

Hughes Financial Services LLC purchased a new stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 3,493 shares of the computer hardware maker's stock, valued at approximately $469,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Carret Asset Management LLC grew its holdings in shares of NVIDIA by 15.3% during the 4th quarter. Carret Asset Management LLC now owns 72,218 shares of the computer hardware maker's stock worth $9,698,000 after acquiring an additional 9,580 shares during the period. Postrock Partners LLC purchased a new position in shares of NVIDIA in the 4th quarter valued at approximately $7,330,000. Analyst IMS Investment Management Services Ltd. boosted its position in shares of NVIDIA by 1.7% during the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 258,055 shares of the computer hardware maker's stock valued at $34,654,000 after purchasing an additional 4,368 shares in the last quarter. Northwest Wealth Management LLC grew its stake in NVIDIA by 9.6% in the fourth quarter. Northwest Wealth Management LLC now owns 35,774 shares of the computer hardware maker's stock worth $4,804,000 after purchasing an additional 3,143 shares during the period. Finally, Wellington Shields Capital Management LLC raised its holdings in NVIDIA by 646.4% in the fourth quarter. Wellington Shields Capital Management LLC now owns 538,166 shares of the computer hardware maker's stock worth $72,270,000 after purchasing an additional 466,061 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other NVIDIA news, Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction on 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 transaction, the director now directly owns 53,208 shares of the company's stock, valued at $6,300,891.36. This trade represents a 27.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction dated Friday, March 21st. The stock was 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 of the company's stock, 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. In the last ninety days, insiders sold 147,147 shares of company stock worth $17,133,207. 4.23% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on NVDA shares. Morgan Stanley set a $162.00 target price on shares of NVIDIA and gave the company an "overweight" rating in a report on Wednesday, March 19th. Needham & Company LLC restated a "buy" rating and issued a $160.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Citigroup reiterated a "buy" rating on shares of NVIDIA in a report on Wednesday, April 16th. Raymond James restated a "strong-buy" rating on shares of NVIDIA in a research note on Wednesday, April 16th. Finally, Hsbc Global Res cut NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Six investment 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. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $165.01.

NVIDIA Price Performance

Shares of NVIDIA stock traded up $1.98 during trading hours on Tuesday, hitting $98.89. The company's stock had a trading volume of 236,352,439 shares, compared to its average volume of 308,248,699. The company has a market cap of $2.41 trillion, a PE ratio of 38.92, 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 business has a 50 day moving average price of $115.15 and a two-hundred day moving average price of $129.50. NVIDIA Co. has a 12-month low of $78.22 and a 12-month high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share 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 business had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. Analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were issued a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. NVIDIA's dividend payout ratio (DPR) is 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.