SRN Advisors LLC Has $2.50 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

SRN Advisors LLC lowered its stake in NVIDIA Co. (NASDAQ:NVDA) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,618 shares of the computer hardware maker’s stock after selling 504 shares during the quarter. NVIDIA makes up approximately 2.2% of SRN Advisors LLC’s investment portfolio, making the stock its 5th largest position. SRN Advisors LLC’s holdings in NVIDIA were worth $2,500,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NVDA. Whipplewood Advisors LLC bought a new position in shares of NVIDIA in the fourth quarter valued at about $2,824,000. NewEdge Wealth LLC increased its holdings in NVIDIA by 12.8% in the 4th quarter. NewEdge Wealth LLC now owns 672,393 shares of the computer hardware maker’s stock valued at $90,296,000 after buying an additional 76,394 shares during the period. Miller Wealth Advisors LLC boosted its holdings in shares of NVIDIA by 1.0% in the 4th quarter. Miller Wealth Advisors LLC now owns 62,238 shares of the computer hardware maker’s stock valued at $8,358,000 after purchasing an additional 616 shares in the last quarter. Carlson Capital L.P. acquired a new position in NVIDIA during the fourth quarter worth about $309,000. Finally, Oakwell Private Wealth Management LLC boosted its position in NVIDIA by 0.3% in the fourth quarter. Oakwell Private Wealth Management LLC now owns 38,417 shares of the computer hardware maker’s stock valued at $5,159,000 after buying an additional 105 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $110.42 on Thursday. The business has a fifty day simple moving average of $123.07 and a two-hundred day simple moving average of $131.32. The firm has a market capitalization of $2.69 trillion, a P/E ratio of 43.46, a P/E/G 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. NVIDIA Co. has a 12 month low of $75.61 and a 12 month high of $195.95.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping 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. On average, equities analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were paid a $0.01 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. NVIDIA’s dividend payout ratio is currently 1.36%.

Insider Activity

In other NVIDIA news, Director John Dabiri sold 2,663 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the sale, the director now directly owns 17,279 shares in the company, valued at approximately $1,900,690. This trade represents a 13.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Ajay K. Puri sold 36,462 shares of the company’s stock in a transaction 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 transaction, the executive vice president now directly owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 183,609 shares of company stock worth $22,642,615 over the last three months. 4.23% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Mizuho reduced their target price on shares of NVIDIA from $175.00 to $168.00 and set an “outperform” rating on the stock in a report on Friday, March 14th. Stifel Nicolaus set a $180.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Summit Insights cut shares of NVIDIA from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Barclays upped their target price on shares of NVIDIA from $160.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $175.00 price target on shares of NVIDIA in a research report on Thursday, February 20th. Four analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.