245,733 Shares in NVIDIA Co. (NASDAQ:NVDA) Bought by TigerOak Management L.L.C.

TigerOak Management L.L.C. purchased a new position in shares of NVIDIA Co. (NASDAQ:NVDA) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 245,733 shares of the computer hardware maker’s stock, valued at approximately $32,999,000. NVIDIA comprises approximately 12.1% of TigerOak Management L.L.C.’s investment portfolio, making the stock its largest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NVDA. Seascape Capital Management lifted its holdings in shares of NVIDIA by 0.5% in the 4th quarter. Seascape Capital Management now owns 43,324 shares of the computer hardware maker’s stock worth $5,818,000 after acquiring an additional 215 shares during the last quarter. Puff Wealth Management LLC purchased a new position in NVIDIA in the 4th quarter worth $1,771,000. American Financial Advisors LLC lifted its stake in NVIDIA by 1.7% in the fourth quarter. American Financial Advisors LLC now owns 19,733 shares of the computer hardware maker’s stock worth $2,650,000 after purchasing an additional 334 shares during the last quarter. Montag A & Associates Inc. grew its stake in shares of NVIDIA by 5.7% during the fourth quarter. Montag A & Associates Inc. now owns 180,551 shares of the computer hardware maker’s stock valued at $24,246,000 after buying an additional 9,767 shares during the last quarter. Finally, Highland Financial Advisors LLC purchased a new position in shares of NVIDIA in the fourth quarter worth about $282,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Phillip Securities restated an “accumulate” rating and set a $160.00 target price (up from $155.00) on shares of NVIDIA in a report on Friday, November 22nd. Summit Insights cut shares of NVIDIA from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. The Goldman Sachs Group upped their price target on shares of NVIDIA from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, November 21st. TD Cowen raised their price target on shares of NVIDIA from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, Tigress Financial reiterated a “buy” rating on shares of NVIDIA in a report on Wednesday, February 26th. Four 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $171.76.

Insider Transactions at NVIDIA

In other news, Director Robert K. Burgess sold 53,324 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 251,044 shares in the company, valued at $28,993,071.56. This represents a 17.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Ajay K. Puri sold 36,462 shares of NVIDIA stock in a transaction dated 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 transaction, the executive vice president now directly owns 3,902,888 shares in the company, valued at $589,726,376.80. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 92,449 shares of company stock valued at $11,960,727 over the last ninety days. Insiders own 4.23% of the company’s stock.

NVIDIA Stock Performance

Shares of NVDA stock opened at $117.52 on Thursday. The company has a market cap of $2.87 trillion, a PE ratio of 46.25, a PEG ratio of 1.76 and a beta of 1.77. 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 fifty day simple moving average is $127.71 and its 200-day simple moving average is $131.12. NVIDIA Co. has a 12-month low of $75.61 and a 12-month high of $153.13.

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 analyst estimates of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. Analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 1.36%.

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.