NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Convergence Investment Partners LLC

Convergence Investment Partners LLC lifted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 32.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 114,279 shares of the computer hardware maker’s stock after buying an additional 28,318 shares during the quarter. NVIDIA comprises approximately 3.4% of Convergence Investment Partners LLC’s investment portfolio, making the stock its biggest holding. Convergence Investment Partners LLC’s holdings in NVIDIA were worth $15,347,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. SilverOak Wealth Management LLC grew its holdings in NVIDIA by 1.8% during the fourth quarter. SilverOak Wealth Management LLC now owns 9,930 shares of the computer hardware maker’s stock valued at $1,334,000 after purchasing an additional 180 shares during the period. Allied Investment Advisors LLC grew its holdings in NVIDIA by 11.1% during the fourth quarter. Allied Investment Advisors LLC now owns 4,655 shares of the computer hardware maker’s stock valued at $625,000 after purchasing an additional 465 shares during the period. Atlas Legacy Advisors LLC acquired a new position in NVIDIA during the fourth quarter valued at approximately $3,384,000. Vawter Financial Ltd. acquired a new position in NVIDIA during the fourth quarter valued at approximately $221,000. Finally, Bank of Jackson Hole Trust acquired a new position in NVIDIA during the fourth quarter valued at approximately $5,823,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Trading Down 0.7 %

NVIDIA stock opened at $117.70 on Monday. NVIDIA Co. has a 52 week low of $75.61 and a 52 week high of $153.13. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The stock has a market capitalization of $2.87 trillion, a P/E ratio of 46.32, a PEG ratio of 1.76 and a beta of 1.77. The stock has a 50-day simple moving average of $126.92 and a 200 day simple moving average of $131.36.

NVIDIA (NASDAQ:NVDA) last posted its quarterly 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. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $39.33 billion during the quarter, compared to analysts’ expectations of $38.16 billion. Analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

Insider Transactions at NVIDIA

In other news, Director Robert K. Burgess sold 53,324 shares of the business’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 transaction of $6,158,388.76. Following the completion of the sale, the director now owns 251,044 shares in the company, valued at $28,993,071.56. The trade was a 17.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John Dabiri sold 2,663 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the sale, the director now owns 17,279 shares of the company’s stock, valued at approximately $1,900,690. This represents a 13.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 179,109 shares of company stock worth $22,117,015 over the last quarter. Company insiders own 4.23% of the company’s stock.

Wall Street Analyst Weigh In

NVDA has been the subject of a number of analyst reports. HSBC decreased their price objective on shares of NVIDIA from $195.00 to $185.00 and set a “buy” rating for the company in a report on Monday, January 13th. Truist Financial boosted their price objective on shares of NVIDIA from $204.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 27th. William Blair reaffirmed an “outperform” rating on shares of NVIDIA in a research note on Thursday. Morgan Stanley set a $162.00 price target on shares of NVIDIA and gave the company an “overweight” rating in a research note on Wednesday. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $220.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Four 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.