NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Symmetry Partners LLC

Symmetry Partners LLC grew its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 106.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,759 shares of the computer hardware maker's stock after buying an additional 7,110 shares during the quarter. Symmetry Partners LLC's holdings in NVIDIA were worth $1,848,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Berkeley Capital Partners LLC increased its holdings in NVIDIA by 1.6% in the fourth quarter. Berkeley Capital Partners LLC now owns 34,301 shares of the computer hardware maker's stock valued at $4,606,000 after buying an additional 530 shares during the last quarter. iA Global Asset Management Inc. grew its position in shares of NVIDIA by 10.2% in the 4th quarter. iA Global Asset Management Inc. now owns 2,504,033 shares of the computer hardware maker's stock worth $336,267,000 after acquiring an additional 231,429 shares in the last quarter. Wilkins Investment Counsel Inc. increased its holdings in shares of NVIDIA by 12.9% in the 4th quarter. Wilkins Investment Counsel Inc. now owns 6,050 shares of the computer hardware maker's stock valued at $812,000 after acquiring an additional 690 shares during the last quarter. Talos Asset Management LP acquired a new stake in shares of NVIDIA during the 4th quarter valued at approximately $44,087,000. Finally, Teacher Retirement System of Texas lifted its position in shares of NVIDIA by 25.4% in the 4th quarter. Teacher Retirement System of Texas now owns 8,734,868 shares of the computer hardware maker's stock worth $1,173,005,000 after buying an additional 1,771,877 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on NVDA shares. Rosenblatt Securities dropped their price objective on shares of NVIDIA from $220.00 to $200.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Barclays cut their price target on NVIDIA from $175.00 to $155.00 and set an "overweight" rating on the stock in a report on Tuesday. Raymond James restated a "strong-buy" rating on shares of NVIDIA in a research note on Wednesday, April 16th. Morgan Stanley set a $162.00 price target on shares of NVIDIA and gave the company an "overweight" rating in a report on Wednesday, March 19th. Finally, Mizuho dropped their price objective on shares of NVIDIA from $175.00 to $168.00 and set an "outperform" rating on the stock in a report on Friday, March 14th. Six equities research analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA has a consensus rating of "Moderate Buy" and an average price target of $165.01.

Insider Activity

In related news, Director John Dabiri sold 2,663 shares of the company's stock in a transaction 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 transaction, the director now directly owns 17,279 shares of the company's stock, valued at approximately $1,900,690. The trade was a 13.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert K. Burgess sold 53,324 shares of the stock in a transaction dated Thursday, March 13th. The stock was 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 directly owns 251,044 shares of the company's stock, valued at approximately $28,993,071.56. This represents a 17.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 147,147 shares of company stock worth $17,133,207 over the last 90 days. 4.23% of the stock is owned by company insiders.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $102.67 on Thursday. The company has a market capitalization of $2.51 trillion, a PE ratio of 40.41, a price-to-earnings-growth 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 stock has a fifty day moving average of $114.42 and a 200-day moving average of $129.31. NVIDIA Co. has a one year low of $78.22 and a one year high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating the consensus estimate of $0.84 by $0.05. The business had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. As a group, equities analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Co. (NASDAQ:NVDA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.