Sherman Asset Management Inc. Acquires Shares of 6,953 NVIDIA Co. (NASDAQ:NVDA)

Sherman Asset Management Inc. purchased a new position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,953 shares of the computer hardware maker's stock, valued at approximately $934,000. NVIDIA accounts for 0.9% of Sherman Asset Management Inc.'s investment portfolio, making the stock its 22nd biggest position.

Other large investors have also modified their holdings of the company. AMF Tjanstepension AB raised its holdings in shares of NVIDIA by 2.2% in the third quarter. AMF Tjanstepension AB now owns 8,039,712 shares of the computer hardware maker's stock valued at $976,348,000 after buying an additional 169,445 shares during the last quarter. Wealth Group Ltd. lifted its position in NVIDIA by 5.0% during the 3rd quarter. Wealth Group Ltd. now owns 5,602 shares of the computer hardware maker's stock worth $680,000 after acquiring an additional 265 shares during the period. SOA Wealth Advisors LLC. grew its stake in shares of NVIDIA by 0.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker's stock valued at $14,650,000 after purchasing an additional 350 shares during the last quarter. Swedbank AB raised its stake in shares of NVIDIA by 4.8% during the third quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker's stock worth $4,965,526,000 after purchasing an additional 1,868,358 shares during the last quarter. Finally, Horizon Bancorp Inc. IN lifted its holdings in shares of NVIDIA by 10.9% during the third quarter. Horizon Bancorp Inc. IN now owns 10,330 shares of the computer hardware maker's stock worth $1,254,000 after purchasing an additional 1,018 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

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NVIDIA Stock Up 3.5 %

Shares of NASDAQ:NVDA traded up $3.33 during trading on Monday, hitting $97.64. The company's stock had a trading volume of 605,975,624 shares, compared to its average volume of 313,976,024. The stock's 50-day moving average price is $121.20 and its two-hundred day moving average price is $131.19. NVIDIA Co. has a fifty-two week low of $75.61 and a fifty-two week high of $195.95. The company has a market capitalization of $2.38 trillion, a PE ratio of 38.43, a PEG 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.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results 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. The business had revenue of $39.33 billion for 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%. As a group, sell-side analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA's dividend payout ratio is presently 1.36%.

Insider Buying and Selling at NVIDIA

In other news, CFO Colette Kress sold 66,660 shares of the business's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the sale, the chief financial officer now directly owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. The trade was a 2.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the sale, the insider now directly owns 479,428 shares of the company's stock, valued at $55,997,190.40. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock worth $17,133,207 over the last 90 days. Insiders own 4.23% of the company's stock.

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of recent analyst reports. William Blair restated an "outperform" rating on shares of NVIDIA in a research report on Thursday, March 20th. Needham & Company LLC reiterated a "buy" rating and issued a $160.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $200.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. DZ Bank upgraded shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. Finally, Tigress Financial reiterated a "buy" rating on shares of NVIDIA in a research report on Wednesday, February 26th. Six investment analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $169.89.

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.