NVIDIA Co. (NASDAQ:NVDA) is Firetrail Investments PTY Ltd.'s 2nd Largest Position

Firetrail Investments PTY Ltd. grew its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 15.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 190,697 shares of the computer hardware maker's stock after purchasing an additional 24,855 shares during the quarter. NVIDIA accounts for about 7.7% of Firetrail Investments PTY Ltd.'s holdings, making the stock its 2nd biggest holding. Firetrail Investments PTY Ltd.'s holdings in NVIDIA were worth $25,702,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Legend Financial Advisors Inc. acquired a new position in NVIDIA in the fourth quarter valued at $34,000. Luken Investment Analytics LLC purchased a new stake in NVIDIA during the fourth quarter worth $40,000. Lowe Wealth Advisors LLC acquired a new position in NVIDIA during the fourth quarter worth about $46,000. 1620 Investment Advisors Inc. grew its holdings in NVIDIA by 145.9% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker's stock valued at $51,000 after buying an additional 248 shares during the last quarter. Finally, Gleason Group Inc. raised its stake in NVIDIA by 52.9% in the 4th quarter. Gleason Group Inc. now owns 428 shares of the computer hardware maker's stock valued at $58,000 after purchasing an additional 148 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NVIDIA

In other news, Director John Dabiri sold 2,663 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the transaction, the director now directly owns 17,279 shares in the company, valued at approximately $1,900,690. The trade was a 13.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert K. Burgess sold 53,324 shares of the company's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the sale, the director now owns 251,044 shares of the company's stock, valued at approximately $28,993,071.56. This trade represents a 17.52 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is currently owned by insiders.

NVIDIA Trading Down 7.4 %

Shares of NVIDIA stock opened at $94.31 on Monday. The company's fifty day moving average is $121.20 and its two-hundred day moving average is $131.19. NVIDIA Co. has a 1 year low of $75.61 and a 1 year high of $195.95. 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 company has a market capitalization of $2.30 trillion, a P/E ratio of 37.12, a PEG ratio of 1.76 and a beta of 1.96.

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NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results 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 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 forecast that NVIDIA Co. will post 2.77 earnings per share for the current 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 dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.04%. The ex-dividend date was Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is presently 1.36%.

Analyst Ratings Changes

Several brokerages have recently issued reports on NVDA. Morgan Stanley set a $162.00 price objective on shares of NVIDIA and gave the company an "overweight" rating in a research note on Wednesday, March 19th. Needham & Company LLC reissued a "buy" rating and set a $160.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. DA Davidson dropped their target price on shares of NVIDIA from $135.00 to $125.00 and set a "neutral" rating on the stock in a report on Thursday, March 20th. Wedbush reaffirmed an "outperform" rating and issued a $175.00 price objective on shares of NVIDIA in a report on Thursday, February 20th. Finally, Hsbc Global Res cut shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday. Six research analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus 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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