Catalyst Capital Advisors LLC Acquires 2,397 Shares of NVIDIA Co. (NASDAQ:NVDA)

Catalyst Capital Advisors LLC grew its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 31.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,944 shares of the computer hardware maker’s stock after acquiring an additional 2,397 shares during the period. Catalyst Capital Advisors LLC’s holdings in NVIDIA were worth $1,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Legend Financial Advisors Inc. bought a new stake in shares of NVIDIA during the 4th quarter valued at $34,000. Luken Investment Analytics LLC bought a new stake in shares of NVIDIA during the 4th quarter valued at $40,000. DHJJ Financial Advisors Ltd. lifted its stake in shares of NVIDIA by 70.0% during the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker’s stock valued at $41,000 after buying an additional 140 shares in the last quarter. Lowe Wealth Advisors LLC purchased a new position in shares of NVIDIA during the 4th quarter valued at $46,000. Finally, 1620 Investment Advisors Inc. lifted its stake in shares of NVIDIA by 145.9% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker’s stock valued at $51,000 after buying an additional 248 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Activity

In other news, Director Robert K. Burgess sold 53,324 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the transaction, the director now directly owns 251,044 shares in the company, valued at approximately $28,993,071.56. This trade 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 accessible through this link. Also, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were 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 owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 179,109 shares of company stock worth $22,117,015. Corporate insiders own 4.23% of the company’s stock.

NVIDIA Price Performance

Shares of NVDA stock opened at $117.70 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The company has a market capitalization of $2.87 trillion, a P/E ratio of 46.32, a P/E/G ratio of 1.76 and a beta of 1.77. The company’s 50-day simple moving average is $126.92 and its two-hundred day simple moving average is $131.02. NVIDIA Co. has a one year low of $75.61 and a one year high of $153.13.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. The business 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%. As a group, equities analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

Analysts Set New Price Targets

NVDA has been the topic of a number of analyst reports. KeyCorp set a $190.00 target price on shares of NVIDIA in a research note on Wednesday. Barclays lifted their target price on shares of NVIDIA from $160.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Morgan Stanley set a $162.00 target price on shares of NVIDIA and gave the company an “overweight” rating in a research note on Wednesday. Benchmark restated a “buy” rating and set a $190.00 target price on shares of NVIDIA in a research note on Wednesday. Finally, Stifel Nicolaus set a $180.00 price target on shares of NVIDIA in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $171.51.

NVIDIA 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.