Entropy Technologies LP Buys 61,855 Shares of NVIDIA Co. (NASDAQ:NVDA)

Entropy Technologies LP raised its holdings in NVIDIA Co. (NASDAQ:NVDA) by 202.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 92,455 shares of the computer hardware maker’s stock after buying an additional 61,855 shares during the period. NVIDIA comprises about 1.3% of Entropy Technologies LP’s holdings, making the stock its 4th largest position. Entropy Technologies LP’s holdings in NVIDIA were worth $12,416,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AMF Tjanstepension AB raised its holdings in shares of NVIDIA by 2.2% in the 3rd quarter. AMF Tjanstepension AB now owns 8,039,712 shares of the computer hardware maker’s stock worth $976,348,000 after purchasing an additional 169,445 shares during the period. Perkins Coie Trust Co raised its stake in shares of NVIDIA by 3,362.4% in the third quarter. Perkins Coie Trust Co now owns 31,508 shares of the computer hardware maker’s stock valued at $3,826,000 after buying an additional 30,598 shares during the period. Barlow Wealth Partners Inc. lifted its position in shares of NVIDIA by 79.9% during the 3rd quarter. Barlow Wealth Partners Inc. now owns 126,397 shares of the computer hardware maker’s stock valued at $16,143,000 after buying an additional 56,147 shares during the last quarter. Eagle Wealth Strategies LLC grew its stake in shares of NVIDIA by 10.4% during the 3rd quarter. Eagle Wealth Strategies LLC now owns 9,334 shares of the computer hardware maker’s stock worth $1,133,000 after acquiring an additional 883 shares during the period. Finally, First National Corp MA ADV increased its holdings in NVIDIA by 3.1% in the 3rd quarter. First National Corp MA ADV now owns 12,863 shares of the computer hardware maker’s stock worth $1,562,000 after acquiring an additional 389 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

NVIDIA Price Performance

NVDA opened at $106.98 on Tuesday. 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 1 year low of $75.61 and a 1 year high of $153.13. The stock has a fifty day moving average price of $131.05 and a 200 day moving average price of $131.57. The stock has a market cap of $2.61 trillion, a price-to-earnings ratio of 42.10, a PEG ratio of 1.76 and a beta of 1.77.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping the consensus estimate of $0.84 by $0.05. The firm had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. Analysts forecast that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. NVIDIA’s payout ratio is currently 1.36%.

Insider Buying and Selling

In related news, EVP Ajay K. Puri sold 36,462 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the sale, the executive vice president now directly owns 3,902,888 shares of the company’s stock, valued at $589,726,376.80. This trade represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Colette Kress sold 66,670 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 3,351,572 shares in the company, valued at $453,802,848.80. This trade represents a 1.95 % decrease in their ownership of the stock. 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 quarter. Corporate insiders own 4.23% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their price target on NVIDIA from $155.00 to $170.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Susquehanna upped their target price on shares of NVIDIA from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. Citigroup raised their price target on shares of NVIDIA from $170.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Stifel Nicolaus upped their price target on shares of NVIDIA from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, Summit Insights lowered NVIDIA from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. Four research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $171.69.

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.