BCK Partners Inc. Makes New $201,000 Investment in NVIDIA Co. (NASDAQ:NVDA)

BCK Partners Inc. bought a new stake in NVIDIA Co. (NASDAQ:NVDA) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 1,500 shares of the computer hardware maker’s stock, valued at approximately $201,000. NVIDIA makes up 0.1% of BCK Partners Inc.’s investment portfolio, making the stock its 26th biggest holding.

A number of other large investors have also recently modified their holdings of the business. PICTET BANK & TRUST Ltd boosted its holdings in shares of NVIDIA by 3.1% during the 4th quarter. PICTET BANK & TRUST Ltd now owns 13,190 shares of the computer hardware maker’s stock valued at $1,771,000 after acquiring an additional 395 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in NVIDIA by 1.0% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker’s stock worth $315,100,000 after buying an additional 22,929 shares during the period. AustralianSuper Pty Ltd lifted its holdings in NVIDIA by 43.7% during the 4th quarter. AustralianSuper Pty Ltd now owns 7,940,213 shares of the computer hardware maker’s stock worth $1,066,291,000 after buying an additional 2,415,623 shares during the period. Klingenstein Fields & Co. LP lifted its holdings in NVIDIA by 0.4% during the 4th quarter. Klingenstein Fields & Co. LP now owns 416,830 shares of the computer hardware maker’s stock worth $55,976,000 after buying an additional 1,622 shares during the period. Finally, Kanawha Capital Management LLC lifted its holdings in NVIDIA by 9.6% during the 4th quarter. Kanawha Capital Management LLC now owns 32,621 shares of the computer hardware maker’s stock worth $4,381,000 after buying an additional 2,863 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

NVDA has been the subject of several research analyst reports. Loop Capital reissued a “buy” rating and issued a $175.00 price objective on shares of NVIDIA in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft lifted their price objective on NVIDIA from $115.00 to $140.00 and gave the stock a “hold” rating in a research report on Thursday, November 21st. Morgan Stanley reissued an “overweight” rating and issued a $162.00 price objective (up from $152.00) on shares of NVIDIA in a research report on Wednesday, February 26th. JPMorgan Chase & Co. lifted their price objective on NVIDIA from $155.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Finally, TD Cowen lifted their price objective on NVIDIA from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $171.51.

NVIDIA Price Performance

NVIDIA stock opened at $115.43 on Wednesday. NVIDIA Co. has a 12 month low of $75.61 and a 12 month high of $153.13. 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 business’s 50 day simple moving average is $128.17 and its 200 day simple moving average is $131.21. The company has a market cap of $2.82 trillion, a price-to-earnings ratio of 45.43, a PEG ratio of 1.76 and a beta of 1.77.

NVIDIA (NASDAQ:NVDA) last issued 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 business had revenue of $39.33 billion for the quarter, compared to analysts’ expectations of $38.16 billion. Sell-side analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Insider Transactions at NVIDIA

In related news, Director Robert K. Burgess sold 53,324 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total value of $6,158,388.76. Following the transaction, the director now owns 251,044 shares of the company’s stock, valued at $28,993,071.56. This represents a 17.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Dabiri sold 2,663 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the transaction, the director now directly owns 17,279 shares in the company, valued at approximately $1,900,690. This represents a 13.35 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 92,449 shares of company stock valued at $11,960,727. 4.23% of the stock is currently owned by company 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.