Hilltop Partners LLC Raises Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Hilltop Partners LLC boosted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 53.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,535 shares of the computer hardware maker’s stock after buying an additional 7,167 shares during the quarter. NVIDIA accounts for about 0.9% of Hilltop Partners LLC’s holdings, making the stock its 19th biggest holding. Hilltop Partners LLC’s holdings in NVIDIA were worth $2,758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Verus Capital Partners LLC boosted its position in shares of NVIDIA by 17.3% during the fourth quarter. Verus Capital Partners LLC now owns 541,946 shares of the computer hardware maker’s stock worth $72,778,000 after buying an additional 80,062 shares during the period. AIMZ Investment Advisors LLC boosted its holdings in NVIDIA by 2.6% during the 4th quarter. AIMZ Investment Advisors LLC now owns 10,592 shares of the computer hardware maker’s stock valued at $1,422,000 after acquiring an additional 265 shares during the period. Fusion Capital LLC grew its position in NVIDIA by 1.3% in the 4th quarter. Fusion Capital LLC now owns 16,832 shares of the computer hardware maker’s stock valued at $2,260,000 after acquiring an additional 223 shares in the last quarter. Fort Sheridan Advisors LLC increased its stake in NVIDIA by 9.9% during the fourth quarter. Fort Sheridan Advisors LLC now owns 147,006 shares of the computer hardware maker’s stock worth $19,741,000 after purchasing an additional 13,199 shares during the period. Finally, Peloton Wealth Strategists lifted its position in shares of NVIDIA by 9.9% during the fourth quarter. Peloton Wealth Strategists now owns 5,885 shares of the computer hardware maker’s stock worth $790,000 after purchasing an additional 530 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Stock Down 7.4 %

NVDA opened at $94.31 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. NVIDIA Co. has a 12 month low of $75.61 and a 12 month high of $195.95. The stock has a market capitalization of $2.30 trillion, a P/E ratio of 37.12, a P/E/G ratio of 1.76 and a beta of 1.96. The business has a 50 day simple moving average of $121.20 and a 200-day simple moving average of $130.96.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data 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 net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. On average, equities analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were given a $0.01 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. NVIDIA’s dividend payout ratio is presently 1.36%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. HSBC cut shares of NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a report on Thursday. Wedbush restated an “outperform” rating and issued a $175.00 price target on shares of NVIDIA in a research note on Thursday, February 20th. Stifel Nicolaus set a $180.00 price objective on NVIDIA in a research note on Wednesday, March 19th. Truist Financial lifted their target price on NVIDIA from $204.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, Summit Insights downgraded NVIDIA from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Five investment analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $169.89.

Insider Activity at NVIDIA

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 owns 17,279 shares in the company, valued at approximately $1,900,690. This represents a 13.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ajay K. Puri sold 36,462 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the completion of the transaction, the executive vice president now directly owns 3,902,888 shares of the company’s stock, valued at approximately $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. In the last three months, insiders have sold 183,609 shares of company stock valued at $22,642,615. Insiders own 4.23% of the company’s stock.

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.