Verus Capital Partners LLC Buys 80,062 Shares of NVIDIA Co. (NASDAQ:NVDA)

Verus Capital Partners LLC lifted its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 17.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 541,946 shares of the computer hardware maker's stock after acquiring an additional 80,062 shares during the period. NVIDIA accounts for 6.5% of Verus Capital Partners LLC's portfolio, making the stock its 3rd largest position. Verus Capital Partners LLC's holdings in NVIDIA were worth $72,778,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Clear Street Derivatives LLC purchased a new position in NVIDIA during the 3rd quarter worth $4,589,905,000. Proficio Capital Partners LLC increased its position in shares of NVIDIA by 14,641.2% in the 4th quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker's stock valued at $4,656,682,000 after acquiring an additional 34,441,082 shares during the period. Geode Capital Management LLC lifted its position in NVIDIA by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 546,079,492 shares of the computer hardware maker's stock worth $66,101,133,000 after acquiring an additional 11,525,969 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in NVIDIA by 3.8% during 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 valued at $21,908,236,000 after purchasing an additional 6,526,200 shares during the last quarter. Finally, National Pension Service increased its holdings in shares of NVIDIA by 14.9% in the third quarter. National Pension Service now owns 47,220,708 shares of the computer hardware maker's stock valued at $5,734,483,000 after purchasing an additional 6,118,674 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Trading Down 1.4 %

NASDAQ NVDA traded down $1.34 during trading on Tuesday, hitting $96.30. The stock had a trading volume of 471,941,645 shares, compared to its average volume of 314,763,159. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $2.35 trillion, a PE ratio of 37.90, a PEG ratio of 1.76 and a beta of 1.96. The firm has a 50 day moving average price of $119.61 and a 200 day moving average price of $130.67. NVIDIA Co. has a twelve month low of $75.61 and a twelve month high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced 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 firm had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. As a group, equities research analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Insiders Place Their Bets

In related news, Director Aarti S. Shah sold 20,000 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the sale, the director now directly owns 53,208 shares in the company, valued at approximately $6,300,891.36. This represents a 27.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. This represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock worth $17,133,207 in the last quarter. 4.23% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Summit Insights lowered NVIDIA from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. Needham & Company LLC reissued a "buy" rating and set a $160.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. William Blair reaffirmed an "outperform" rating on shares of NVIDIA in a research report on Thursday, March 20th. Stifel Nicolaus set a $180.00 price objective on NVIDIA in a report on Wednesday, March 19th. Finally, Wedbush restated an "outperform" rating and issued a $175.00 price objective on shares of NVIDIA in a research report on Thursday, February 20th. 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's stock. According to MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and a consensus target price of $169.89.

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.