Sustainable Insight Capital Management LLC Boosts Stake in NVIDIA Co. (NASDAQ:NVDA)

Sustainable Insight Capital Management LLC raised its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 122.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 73,864 shares of the computer hardware maker’s stock after purchasing an additional 40,694 shares during the period. NVIDIA accounts for approximately 4.3% of Sustainable Insight Capital Management LLC’s portfolio, making the stock its 8th largest holding. Sustainable Insight Capital Management LLC’s holdings in NVIDIA were worth $9,919,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of NVDA. Ironwood Wealth Management LLC. lifted its stake in shares of NVIDIA by 896.9% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock valued at $782,000 after buying an additional 5,695 shares in the last quarter. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of NVIDIA during the second quarter worth $31,000. Ogorek Anthony Joseph NY ADV boosted its holdings in shares of NVIDIA by 1,013.4% in the second quarter. Ogorek Anthony Joseph NY ADV now owns 5,400 shares of the computer hardware maker’s stock worth $667,000 after acquiring an additional 4,915 shares during the period. Spectrum Wealth Counsel LLC grew its position in shares of NVIDIA by 885.7% in the second quarter. Spectrum Wealth Counsel LLC now owns 88,773 shares of the computer hardware maker’s stock valued at $10,967,000 after purchasing an additional 79,767 shares in the last quarter. Finally, Wilkins Investment Counsel Inc. lifted its holdings in NVIDIA by 900.0% during the 2nd quarter. Wilkins Investment Counsel Inc. now owns 5,360 shares of the computer hardware maker’s stock worth $662,000 after purchasing an additional 4,824 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock Performance

NVIDIA stock opened at $138.85 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. The firm has a market cap of $3.40 trillion, a P/E ratio of 54.64, a P/E/G ratio of 1.62 and a beta of 1.62. NVIDIA Co. has a 1-year low of $66.25 and a 1-year high of $153.13. The firm has a 50-day moving average of $134.52 and a 200-day moving average of $130.07.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data 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 return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. During the same quarter last year, the business posted $0.38 EPS. The business’s revenue was up 93.6% on a year-over-year basis. Sell-side analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have weighed in on NVDA. Benchmark reaffirmed a “buy” rating and set a $190.00 target price on shares of NVIDIA in a report on Tuesday, January 7th. Tigress Financial raised shares of NVIDIA from a “buy” rating to a “strong-buy” rating and upped their target price for the stock from $170.00 to $220.00 in a report on Tuesday, January 28th. Wells Fargo & Company raised their price target on shares of NVIDIA from $165.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Bank of America reaffirmed a “buy” rating and issued a $190.00 price target on shares of NVIDIA in a report on Thursday, November 21st. Finally, JPMorgan Chase & Co. lifted their price objective on NVIDIA from $155.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, NVIDIA has an average rating of “Moderate Buy” and an average price target of $166.23.

Insiders Place Their Bets

In related news, CFO Colette Kress sold 66,670 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.40, for a total value 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 $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 this link. Also, Director Tench Coxe sold 1,000,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the completion of the sale, the director now owns 28,671,360 shares of the company’s stock, valued at $3,763,402,713.60. This trade represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,108,348 shares of company stock worth $146,506,958. 4.23% of the stock is currently owned by corporate insiders.

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.