Lockheed Martin Investment Management Co. Purchases 233,920 Shares of NVIDIA Co. (NASDAQ:NVDA)

Lockheed Martin Investment Management Co. boosted its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 22.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,284,290 shares of the computer hardware maker's stock after purchasing an additional 233,920 shares during the period. NVIDIA makes up approximately 6.9% of Lockheed Martin Investment Management Co.'s portfolio, making the stock its 3rd biggest holding. Lockheed Martin Investment Management Co.'s holdings in NVIDIA were worth $172,467,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc acquired a new stake in NVIDIA during the 3rd quarter worth about $27,000. Legend Financial Advisors Inc. acquired a new stake in NVIDIA during the 4th quarter worth about $34,000. West Financial Advisors LLC acquired a new stake in NVIDIA during the 3rd quarter worth about $36,000. Luken Investment Analytics LLC acquired a new stake in shares of NVIDIA during the 4th quarter valued at about $40,000. Finally, DHJJ Financial Advisors Ltd. grew its position in shares of NVIDIA by 70.0% during the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker's stock valued at $41,000 after acquiring an additional 140 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NVDA has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on NVIDIA from $115.00 to $140.00 and gave the company a "hold" rating in a research report on Thursday, November 21st. Cantor Fitzgerald restated an "overweight" rating and set a $200.00 target price on shares of NVIDIA in a research report on Thursday, February 27th. The Goldman Sachs Group raised their target price on NVIDIA from $150.00 to $165.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Citigroup raised their target price on NVIDIA from $170.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Finally, Morgan Stanley restated an "overweight" rating and set a $162.00 target price (up from $152.00) on shares of NVIDIA in a research report on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, NVIDIA currently has a consensus rating of "Moderate Buy" and an average target price of $169.62.

NVIDIA Stock Up 1.1 %

Shares of NASDAQ NVDA opened at $117.30 on Thursday. The company has a 50 day simple moving average of $132.73 and a 200-day simple moving average of $131.90. The company has a market capitalization of $2.86 trillion, a P/E ratio of 46.16, a P/E/G ratio of 1.76 and a beta of 1.77. 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 Co. has a 1 year low of $75.61 and a 1 year high of $153.13.

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 for the quarter, beating 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 firm had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. On average, equities research analysts predict 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 will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a $0.01 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is presently 1.36%.

Insider Activity at NVIDIA

In related news, EVP Ajay K. Puri sold 36,462 shares of NVIDIA stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $151.10, for a total value of $5,509,408.20. Following the completion of the sale, the executive vice president now owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. This trade represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Colette Kress sold 66,670 shares of the business's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the completion of the transaction, the chief financial officer now owns 3,351,572 shares of the company's stock, valued at approximately $453,802,848.80. This trade represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,107,632 shares of company stock worth $146,405,286. Insiders own 4.23% of the company's stock.

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.

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