NVIDIA Co. (NASDAQ:NVDA) is Empirical Finance LLC’s 2nd Largest Position

Empirical Finance LLC lowered its position in NVIDIA Co. (NASDAQ:NVDA) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 866,035 shares of the computer hardware maker’s stock after selling 10,366 shares during the quarter. NVIDIA makes up approximately 6.7% of Empirical Finance LLC’s holdings, making the stock its 2nd biggest position. Empirical Finance LLC’s holdings in NVIDIA were worth $116,300,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of NVDA. AMF Tjanstepension AB raised its position in shares of NVIDIA by 2.2% during the third quarter. AMF Tjanstepension AB now owns 8,039,712 shares of the computer hardware maker’s stock valued at $976,348,000 after buying an additional 169,445 shares during the last quarter. Perkins Coie Trust Co increased its stake in NVIDIA by 3,362.4% during 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 acquiring an additional 30,598 shares during the period. Barlow Wealth Partners Inc. raised its holdings in NVIDIA by 79.9% in 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 acquiring an additional 56,147 shares in the last quarter. Eagle Wealth Strategies LLC lifted its position in shares of NVIDIA by 10.4% in 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 grew its holdings in shares of NVIDIA by 3.1% during 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 purchasing an additional 389 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on NVDA shares. Loop Capital reissued a “buy” rating and issued a $175.00 target price on shares of NVIDIA in a research note on Wednesday, November 20th. Susquehanna upped their price objective on NVIDIA from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. DZ Bank upgraded NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th. Truist Financial upped their price target on NVIDIA from $204.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $220.00 price objective on shares of NVIDIA in a report on Monday, February 24th. Four equities research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and a consensus price target of $171.69.

Insider Activity at NVIDIA

In related news, EVP Ajay K. Puri sold 36,462 shares of NVIDIA stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $151.10, for a total value of $5,509,408.20. Following the completion of the sale, the executive vice president now owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. This trade represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.28, for a total value of $608,760.00. Following the completion of the transaction, the insider now directly owns 480,899 shares of the company’s stock, valued at approximately $65,056,016.72. This 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 1,107,632 shares of company stock valued at $146,405,286. 4.23% of the stock is owned by corporate insiders.

NVIDIA Trading Down 5.1 %

NASDAQ: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. The firm has a fifty day simple moving average of $131.05 and a 200-day simple moving average of $131.57. NVIDIA Co. has a 12 month low of $75.61 and a 12 month high of $153.13. The company has a market capitalization of $2.61 trillion, a P/E 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $38.16 billion. On average, equities research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. NVIDIA’s dividend payout ratio (DPR) is presently 1.36%.

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.