Versant Capital Management Inc Increases Position in NVIDIA Co. (NASDAQ:NVDA)

Versant Capital Management Inc increased its stake in NVIDIA Co. (NASDAQ:NVDA) by 46.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,905 shares of the computer hardware maker’s stock after acquiring an additional 8,852 shares during the period. NVIDIA comprises approximately 0.8% of Versant Capital Management Inc’s portfolio, making the stock its 25th largest position. Versant Capital Management Inc’s holdings in NVIDIA were worth $3,747,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Quest Partners LLC bought a new position in shares of NVIDIA during the second quarter valued at about $27,000. Christopher J. Hasenberg Inc bought a new position in shares of NVIDIA during the third quarter valued at about $27,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of NVIDIA during the second quarter valued at about $31,000. West Financial Advisors LLC bought a new position in NVIDIA in the third quarter worth about $36,000. Finally, DHJJ Financial Advisors Ltd. raised its stake in NVIDIA by 70.0% in the third quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker’s stock worth $41,000 after buying an additional 140 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on NVDA shares. DA Davidson increased their price target on shares of NVIDIA from $90.00 to $135.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Cantor Fitzgerald reissued an “overweight” rating and issued a $175.00 price target on shares of NVIDIA in a research note on Thursday, November 21st. Rosenblatt Securities reissued a “buy” rating and issued a $220.00 price target on shares of NVIDIA in a research note on Wednesday, January 8th. Morgan Stanley upped their price objective on shares of NVIDIA from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Finally, Melius Research upped their price objective on shares of NVIDIA from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Four research analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, NVIDIA presently has a consensus rating of “Moderate Buy” and an average price target of $164.63.

Insider Activity

In related news, CFO Colette Kress sold 66,670 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the completion of the transaction, the chief financial officer now directly owns 3,351,572 shares of the company’s stock, valued at approximately $453,802,848.80. This trade represents a 1.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John Dabiri sold 716 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $142.00, for a total transaction of $101,672.00. Following the transaction, the director now directly owns 19,942 shares of the company’s stock, valued at $2,831,764. The trade was a 3.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,108,348 shares of company stock worth $146,506,958 in the last three months. Company insiders own 4.23% of the company’s stock.

NVIDIA Trading Up 0.1 %

Shares of NVDA stock opened at $147.22 on Friday. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 12-month low of $59.94 and a 12-month high of $153.13. The stock has a market capitalization of $3.61 trillion, a P/E ratio of 57.94, a P/E/G ratio of 2.54 and a beta of 1.64. The firm’s 50 day moving average is $138.70 and its 200 day moving average is $129.34.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. During the same period last year, the firm earned $0.38 earnings per share. The company’s quarterly revenue was up 93.6% on a year-over-year basis. Research analysts expect that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were given a dividend of $0.01 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s payout ratio is 1.57%.

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.