Shaker Investments LLC OH Grows Holdings in NVIDIA Co. (NASDAQ:NVDA)

Shaker Investments LLC OH raised its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 21.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 81,629 shares of the computer hardware maker's stock after buying an additional 14,680 shares during the period. NVIDIA comprises about 4.6% of Shaker Investments LLC OH's holdings, making the stock its 2nd largest position. Shaker Investments LLC OH's holdings in NVIDIA were worth $10,962,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Legend Financial Advisors Inc. bought a new position in shares of NVIDIA during the fourth quarter valued at about $34,000. Luken Investment Analytics LLC bought a new position in shares of NVIDIA during the fourth quarter valued at about $40,000. DHJJ Financial Advisors Ltd. lifted its position in shares of NVIDIA by 70.0% during the third 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 in the last quarter. Lowe Wealth Advisors LLC bought a new position in shares of NVIDIA during the fourth quarter valued at about $46,000. Finally, 1620 Investment Advisors Inc. lifted its position in shares of NVIDIA by 145.9% during the third 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 in the last quarter. 65.27% of the stock is owned by institutional investors.

Insider Transactions at NVIDIA

In related news, Director Tench Coxe sold 1,000,000 shares of the company's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the completion of the sale, the director now directly owns 28,671,360 shares in the company, valued at $3,763,402,713.60. This represents a 3.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John Dabiri sold 2,663 shares of the company's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the sale, the director now owns 17,279 shares of the company's stock, 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. In the last ninety days, insiders sold 1,039,125 shares of company stock worth $137,062,338. 4.23% of the stock is currently owned by insiders.

NVIDIA Trading Up 5.3 %

Shares of NVIDIA stock opened at $121.67 on Friday. NVIDIA Co. has a 1 year low of $75.61 and a 1 year high of $153.13. The firm has a market cap of $2.97 trillion, a PE ratio of 47.88, a PEG ratio of 1.76 and a beta of 1.77. 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 company has a 50 day simple moving average of $129.26 and a two-hundred day simple moving average of $131.17.

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NVIDIA (NASDAQ:NVDA - Get Free Report) last announced 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 analyst estimates of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. Analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently disclosed 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 of this dividend is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's payout ratio is 1.36%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on NVDA shares. Evercore ISI raised their price target on shares of NVIDIA from $189.00 to $190.00 and gave the company an "outperform" rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. raised their price objective on shares of NVIDIA from $155.00 to $170.00 and gave the stock an "overweight" rating in a report on Thursday, November 21st. Robert W. Baird raised their price objective on shares of NVIDIA from $150.00 to $190.00 and gave the stock an "outperform" rating in a report on Thursday, November 21st. Mizuho decreased their price objective on shares of NVIDIA from $175.00 to $168.00 and set an "outperform" rating for the company in a report on Friday. Finally, Phillip Securities restated an "accumulate" rating and set a $160.00 price objective (up previously from $155.00) on shares of NVIDIA in a report on Friday, November 22nd. Four investment analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $171.51.

NVIDIA 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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