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

Verus Capital Partners LLC raised its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 17.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 541,946 shares of the computer hardware maker's stock after acquiring an additional 80,062 shares during the quarter. NVIDIA comprises 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 SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Legend Financial Advisors Inc. acquired a new position in shares of NVIDIA in the 4th quarter valued at $34,000. Luken Investment Analytics LLC acquired a new stake in NVIDIA during the 4th quarter worth $40,000. Lowe Wealth Advisors LLC bought a new position in NVIDIA during the fourth quarter worth about $46,000. 1620 Investment Advisors Inc. grew its stake in NVIDIA by 145.9% in the third quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker's stock valued at $51,000 after acquiring an additional 248 shares during the period. Finally, Gleason Group Inc. increased its holdings in shares of NVIDIA by 52.9% in the fourth quarter. Gleason Group Inc. now owns 428 shares of the computer hardware maker's stock worth $58,000 after acquiring an additional 148 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on NVDA shares. Wedbush reiterated an "outperform" rating and issued a $175.00 price objective on shares of NVIDIA in a research report on Thursday, February 20th. DZ Bank upgraded shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. Summit Insights lowered shares of NVIDIA from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. Bank of America reaffirmed a "buy" rating and issued a $200.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $200.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Five investment analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $169.89.

Remove Ads

Insider Activity at NVIDIA

In other NVIDIA news, Director John Dabiri sold 2,663 shares of the stock in a transaction on 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 owns 17,279 shares in the company, valued at $1,900,690. This represents a 13.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA 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 completion of the transaction, the insider now owns 479,428 shares of the company's stock, valued at approximately $55,997,190.40. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 183,609 shares of company stock worth $22,642,615. Company insiders own 4.23% of the company's stock.

NVIDIA Stock Performance

Shares of NVDA stock opened at $94.31 on Friday. NVIDIA Co. has a one year low of $75.61 and a one year high of $195.95. The firm has a 50-day moving average of $121.20 and a 200-day moving average of $130.96. 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 market cap of $2.30 trillion, a P/E ratio of 37.12, a P/E/G ratio of 1.76 and a beta of 1.96.

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, 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 during the quarter, compared to analyst estimates of $38.16 billion. Equities research analysts forecast 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. Investors of record on Wednesday, March 12th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.04%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.