NVIDIA Co. (NASDAQ:NVDA) Stock Position Lifted by Fishman Jay A Ltd. MI

Fishman Jay A Ltd. MI boosted its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 12.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 239,898 shares of the computer hardware maker's stock after buying an additional 27,498 shares during the quarter. NVIDIA makes up about 3.0% of Fishman Jay A Ltd. MI's holdings, making the stock its 10th biggest position. Fishman Jay A Ltd. MI's holdings in NVIDIA were worth $32,216,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NVDA. Legend Financial Advisors Inc. acquired a new stake in NVIDIA in the 4th quarter worth $34,000. Luken Investment Analytics LLC bought a new position in shares of NVIDIA during the 4th quarter worth about $40,000. DHJJ Financial Advisors Ltd. lifted its holdings in 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 purchasing an additional 140 shares during the last quarter. Lowe Wealth Advisors LLC bought a new position in NVIDIA during the 4th quarter valued at about $46,000. Finally, 1620 Investment Advisors Inc. lifted 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 purchasing an additional 248 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on NVDA shares. HSBC lowered their price objective on shares of NVIDIA from $195.00 to $185.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Morgan Stanley reiterated an "overweight" rating and set a $162.00 price target (up previously from $152.00) on shares of NVIDIA in a research report on Wednesday, February 26th. Evercore ISI lifted their price target on shares of NVIDIA from $189.00 to $190.00 and gave the stock an "outperform" rating in a research report on Thursday, November 21st. Needham & Company LLC restated a "buy" rating and set a $160.00 price objective on shares of NVIDIA in a report on Thursday, February 27th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $200.00 price objective on shares of NVIDIA in a report on Thursday, February 27th. Four 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 MarketBeat.com, NVIDIA currently has a consensus rating of "Moderate Buy" and an average target price of $171.51.

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Insider Buying and Selling

In other news, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the transaction, the director now directly owns 28,671,360 shares of the company's stock, valued at approximately $3,763,402,713.60. This represents a 3.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Dabiri sold 2,663 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the transaction, the director now directly owns 17,279 shares in the company, valued at $1,900,690. This represents a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,039,125 shares of company stock worth $137,062,338 in the last three months. 4.23% of the stock is owned by insiders.

NVIDIA Price Performance

Shares of NVDA stock opened at $121.67 on Friday. NVIDIA Co. has a twelve month low of $75.61 and a twelve month high of $153.13. The stock has a market capitalization of $2.97 trillion, a price-to-earnings ratio of 47.88, a P/E/G ratio of 1.76 and a beta of 1.77. The stock has a fifty day simple moving average of $129.26 and a two-hundred day simple moving average of $131.17. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

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 for the quarter, topping analysts' consensus estimates of $0.84 by $0.05. The firm had revenue of $39.33 billion during the quarter, compared to analysts' expectations of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. On average, analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date is 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.

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