SBI Securities Co. Ltd. Buys New Position in NVIDIA Co. (NASDAQ:NVDA)

SBI Securities Co. Ltd. purchased a new position in NVIDIA Co. (NASDAQ:NVDA - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,961,130 shares of the computer hardware maker's stock, valued at approximately $397,650,000. NVIDIA comprises approximately 12.3% of SBI Securities Co. Ltd.'s holdings, making the stock its largest position.

A number of other hedge funds also recently made changes to their positions in NVDA. Legend Financial Advisors Inc. acquired a new stake in shares of NVIDIA in the fourth quarter valued at about $34,000. Luken Investment Analytics LLC bought a new stake in NVIDIA in the fourth quarter valued at about $40,000. Lowe Wealth Advisors LLC bought a new position in NVIDIA during the fourth quarter worth $46,000. 1620 Investment Advisors Inc. grew its position in shares of 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. lifted its holdings in shares of NVIDIA by 52.9% in the 4th quarter. Gleason Group Inc. now owns 428 shares of the computer hardware maker's stock worth $58,000 after purchasing an additional 148 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 analysts have commented on NVDA shares. Wedbush reissued an "outperform" rating and set a $175.00 target price on shares of NVIDIA in a research note on Thursday, February 20th. KeyCorp set a $190.00 target price on NVIDIA in a report on Wednesday, March 19th. HSBC lowered shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective on the stock. in a research note on Thursday. Susquehanna restated a "positive" rating and issued a $180.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Finally, Hsbc Global Res cut NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday. Six investment analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, NVIDIA has an average rating of "Moderate Buy" and an average price target of $169.89.

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NVIDIA Trading Down 7.4 %

NVDA stock opened at $94.31 on Monday. The company has a market cap of $2.30 trillion, a P/E ratio of 37.12, a PEG ratio of 1.76 and a beta of 1.96. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a twelve month low of $75.61 and a twelve month high of $195.95. The business has a fifty day moving average of $121.20 and a 200-day moving average of $131.19.

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, topping 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 company had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. As a group, equities research analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date was Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is currently 1.36%.

Insider Activity at NVIDIA

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