WT Asset Management Ltd Grows Stock Position in NVIDIA Co. (NASDAQ:NVDA)

WT Asset Management Ltd increased its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 156.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,034,860 shares of the computer hardware maker's stock after purchasing an additional 631,060 shares during the quarter. NVIDIA makes up approximately 15.3% of WT Asset Management Ltd's investment portfolio, making the stock its biggest position. WT Asset Management Ltd's holdings in NVIDIA were worth $138,971,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Christopher J. Hasenberg Inc bought a new stake in NVIDIA during the third quarter valued at about $27,000. Legend Financial Advisors Inc. bought a new stake in NVIDIA during the fourth quarter valued at about $34,000. West Financial Advisors LLC bought a new stake in NVIDIA during the third quarter valued at about $36,000. Luken Investment Analytics LLC bought a new stake in NVIDIA during the fourth quarter valued at about $40,000. Finally, DHJJ Financial Advisors Ltd. raised its holdings in 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 acquiring an additional 140 shares during the period. 65.27% of the stock is owned by institutional investors.

NVIDIA Trading Up 1.1 %

Shares of NASDAQ NVDA opened at $117.30 on Thursday. NVIDIA Co. has a twelve month low of $75.61 and a twelve month high of $153.13. 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 business has a fifty day simple moving average of $132.73 and a two-hundred day simple moving average of $131.90. The firm has a market cap of $2.86 trillion, a PE ratio of 46.16, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.05. The firm had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. Analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA's payout ratio is 1.36%.

Analysts Set New Price Targets

A number of research firms have commented on NVDA. Phillip Securities reissued an "accumulate" rating and set a $160.00 price target (up from $155.00) on shares of NVIDIA in a report on Friday, November 22nd. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $200.00 target price on shares of NVIDIA in a report on Thursday, February 27th. Tigress Financial reiterated a "buy" rating on shares of NVIDIA in a research report on Wednesday, February 26th. HSBC cut their price target on NVIDIA from $195.00 to $185.00 and set a "buy" rating for the company in a report on Monday, January 13th. Finally, Truist Financial upped their price objective on NVIDIA from $204.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $169.62.

Insider Buying and Selling

In other NVIDIA news, CFO Colette Kress sold 66,670 shares of the company's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the completion of the sale, the chief financial officer now owns 3,351,572 shares in the company, valued at $453,802,848.80. This represents a 1.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of the company's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the sale, the executive vice president now owns 3,902,888 shares of the company's stock, valued at approximately $589,726,376.80. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,107,632 shares of company stock valued at $146,405,286 over the last 90 days. Corporate insiders own 4.23% of the company's stock.

About NVIDIA

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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