Talos Asset Management LP Invests $44.09 Million in NVIDIA Co. (NASDAQ:NVDA)

Talos Asset Management LP acquired a new stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 328,300 shares of the computer hardware maker's stock, valued at approximately $44,087,000. NVIDIA accounts for about 10.4% of Talos Asset Management LP's portfolio, making the stock its 2nd largest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Geode Capital Management LLC increased its stake in shares of NVIDIA by 2.2% in the third quarter. Geode Capital Management LLC now owns 546,079,492 shares of the computer hardware maker's stock worth $66,101,133,000 after purchasing an additional 11,525,969 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in NVIDIA by 3.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 180,403,789 shares of the computer hardware maker's stock worth $21,908,236,000 after buying an additional 6,526,200 shares during the period. Charles Schwab Investment Management Inc. increased its stake in NVIDIA by 3.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 151,280,130 shares of the computer hardware maker's stock worth $20,315,409,000 after buying an additional 5,211,040 shares in the last quarter. Amundi raised its holdings in NVIDIA by 12.9% during the fourth quarter. Amundi now owns 117,036,612 shares of the computer hardware maker's stock valued at $16,394,224,000 after acquiring an additional 13,406,054 shares during the period. Finally, Fisher Asset Management LLC lifted its position in shares of NVIDIA by 1.7% in the fourth quarter. Fisher Asset Management LLC now owns 98,339,379 shares of the computer hardware maker's stock valued at $13,205,995,000 after acquiring an additional 1,618,672 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on NVDA. Summit Insights cut NVIDIA from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. Stifel Nicolaus set a $180.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Mizuho lowered their target price 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. Benchmark reaffirmed a "buy" rating and set a $190.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $160.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Six equities research analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and a consensus target price of $165.01.

Insider Buying and Selling

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.80, for a total value 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Colette Kress sold 66,660 shares of the firm'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 transaction, the chief financial officer now directly owns 3,085,765 shares of the company's stock, valued at approximately $360,509,924.95. This trade represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock valued at $17,133,207 over the last quarter. 4.23% of the stock is currently owned by company insiders.

NVIDIA Price Performance

Shares of NVDA stock opened at $102.67 on Thursday. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $2.51 trillion, a price-to-earnings ratio of 40.41, a P/E/G ratio of 1.76 and a beta of 1.96. The stock has a fifty day simple moving average of $114.42 and a two-hundred day simple moving average of $129.31. NVIDIA Co. has a twelve month low of $78.22 and a twelve month high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly 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. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. On average, analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

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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