NVIDIA Co. (NASDAQ:NVDA) is Newbridge Financial Services Group Inc.'s Largest Position

Newbridge Financial Services Group Inc. boosted its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 4.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 257,545 shares of the computer hardware maker's stock after acquiring an additional 11,646 shares during the quarter. NVIDIA accounts for 8.9% of Newbridge Financial Services Group Inc.'s portfolio, making the stock its biggest holding. Newbridge Financial Services Group Inc.'s holdings in NVIDIA were worth $34,586,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of NVDA. International Assets Investment Management LLC increased its position in NVIDIA by 12,898.6% during the third quarter. International Assets Investment Management LLC now owns 56,292,986 shares of the computer hardware maker's stock valued at $6,836,220,000 after acquiring an additional 55,859,917 shares during the last quarter. Clear Street Derivatives LLC purchased a new stake in NVIDIA during the third quarter valued at $4,589,905,000. Geode Capital Management LLC increased its position in NVIDIA by 2.2% during the third quarter. Geode Capital Management LLC now owns 546,079,492 shares of the computer hardware maker's stock valued at $66,101,133,000 after acquiring an additional 11,525,969 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in NVIDIA by 3.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 180,403,789 shares of the computer hardware maker's stock worth $21,908,236,000 after buying an additional 6,526,200 shares in the last quarter. Finally, National Pension Service increased its position in NVIDIA by 14.9% in the third quarter. National Pension Service now owns 47,220,708 shares of the computer hardware maker's stock worth $5,734,483,000 after buying an additional 6,118,674 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

NVDA has been the subject of a number of analyst reports. Wells Fargo & Company upped their price target on NVIDIA from $165.00 to $185.00 and gave the stock an "overweight" rating in a research report on Thursday, November 21st. DZ Bank upgraded NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. Tigress Financial restated a "buy" rating on shares of NVIDIA in a research report on Wednesday, February 26th. Oppenheimer restated an "outperform" rating and issued a $175.00 price target on shares of NVIDIA in a research report on Thursday, November 21st. Finally, HSBC reduced their price target on NVIDIA from $195.00 to $185.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Four research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $171.69.

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Insider Transactions at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.28, for a total transaction of $608,760.00. Following the transaction, the insider now directly owns 480,899 shares in the company, valued at $65,056,016.72. This trade represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of the firm's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the transaction, the executive vice president now owns 3,902,888 shares in the company, valued at $589,726,376.80. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,107,632 shares of company stock worth $146,405,286. 4.23% of the stock is currently owned by company insiders.

NVIDIA Trading Up 1.7 %

Shares of NVDA stock opened at $108.76 on Wednesday. NVIDIA Co. has a 1 year low of $75.61 and a 1 year high of $153.13. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The stock's 50 day simple moving average is $130.54 and its two-hundred day simple moving average is $131.42. The company has a market cap of $2.65 trillion, a PE ratio of 42.80, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $38.16 billion. Research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders 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 dividend yield of 0.04%. NVIDIA's payout ratio is 1.36%.

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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