KG&L Capital Management LLC Buys 463 Shares of NVIDIA Co. (NASDAQ:NVDA)

KG&L Capital Management LLC increased its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,817 shares of the computer hardware maker’s stock after purchasing an additional 463 shares during the quarter. NVIDIA makes up approximately 2.5% of KG&L Capital Management LLC’s holdings, making the stock its 9th biggest holding. KG&L Capital Management LLC’s holdings in NVIDIA were worth $7,764,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Dohj LLC raised its holdings in shares of NVIDIA by 3.3% in the fourth quarter. Dohj LLC now owns 51,288 shares of the computer hardware maker’s stock valued at $6,887,000 after buying an additional 1,654 shares during the last quarter. AJ Advisors LLC lifted its stake in shares of NVIDIA by 4.8% during the fourth quarter. AJ Advisors LLC now owns 2,379 shares of the computer hardware maker’s stock valued at $319,000 after acquiring an additional 108 shares during the period. China Universal Asset Management Co. Ltd. boosted its holdings in NVIDIA by 11.4% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 471,646 shares of the computer hardware maker’s stock valued at $63,337,000 after acquiring an additional 48,086 shares during the last quarter. Litman Gregory Wealth Management LLC increased its position in NVIDIA by 24.2% in the fourth quarter. Litman Gregory Wealth Management LLC now owns 3,335 shares of the computer hardware maker’s stock worth $448,000 after purchasing an additional 650 shares during the period. Finally, Manuka Financial LLC bought a new stake in NVIDIA during the 4th quarter worth about $21,136,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Colette Kress sold 66,670 shares of NVIDIA stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the completion of the transaction, the chief financial officer now owns 3,351,572 shares in the company, valued at approximately $453,802,848.80. This trade represents a 1.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $131.26, for a total value of $131,260,000.00. Following the completion of the sale, the director now owns 28,671,360 shares in the company, valued at $3,763,402,713.60. This represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,107,632 shares of company stock valued at $146,405,286. 4.23% of the stock is currently owned by corporate insiders.

NVIDIA Trading Down 8.5 %

NVIDIA stock opened at $120.15 on Friday. The company has a market cap of $2.94 trillion, a price-to-earnings ratio of 47.28, a P/E/G ratio of 1.76 and a beta of 1.62. The firm has a 50-day moving average of $134.39 and a 200-day moving average of $131.81. 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 one year low of $75.61 and a one year high of $153.13.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. The firm had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. On average, equities analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued 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 yield of 0.03%. NVIDIA’s payout ratio is 1.57%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Phillip Securities reaffirmed an “accumulate” rating and issued a $160.00 target price (up previously from $155.00) on shares of NVIDIA in a research note on Friday, November 22nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $160.00 price objective on shares of NVIDIA in a research note on Thursday. DA Davidson reiterated a “neutral” rating and set a $135.00 target price on shares of NVIDIA in a research report on Thursday. Barclays raised their price target on NVIDIA from $160.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Finally, Loop Capital reiterated a “buy” rating and issued a $175.00 price objective on shares of NVIDIA in a report on Wednesday, November 20th. Five investment analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and an average target price of $169.62.

About NVIDIA

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.