Pacific Sage Partners LLC Has $3.19 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

Pacific Sage Partners LLC increased its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 51.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 23,780 shares of the computer hardware maker’s stock after acquiring an additional 8,115 shares during the period. NVIDIA accounts for about 0.7% of Pacific Sage Partners LLC’s holdings, making the stock its 21st largest position. Pacific Sage Partners LLC’s holdings in NVIDIA were worth $3,193,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in NVDA. Ironwood Wealth Management LLC. grew its holdings in NVIDIA by 896.9% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock valued at $782,000 after buying an additional 5,695 shares during the last quarter. University of Texas Texas AM Investment Management Co. acquired a new stake in NVIDIA in the 2nd quarter valued at approximately $31,000. Northeast Financial Consultants Inc grew its holdings in NVIDIA by 914.1% in the 2nd quarter. Northeast Financial Consultants Inc now owns 174,545 shares of the computer hardware maker’s stock valued at $21,563,000 after buying an additional 157,334 shares during the last quarter. Ascension Asset Management LLC grew its holdings in NVIDIA by 842.7% in the 2nd quarter. Ascension Asset Management LLC now owns 173,450 shares of the computer hardware maker’s stock valued at $21,428,000 after buying an additional 155,050 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in NVIDIA by 1,179.9% in the 2nd quarter. NewEdge Advisors LLC now owns 3,275,422 shares of the computer hardware maker’s stock valued at $372,781,000 after buying an additional 3,019,514 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Buying and Selling

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.28, for a total transaction of $608,760.00. Following the completion of the sale, the insider now directly owns 480,899 shares of the company’s stock, valued at $65,056,016.72. The trade was a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Ajay K. Puri sold 36,462 shares of NVIDIA 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 sale, 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. Insiders sold a total of 1,107,632 shares of company stock valued at $146,405,286 over the last three months. Company insiders own 4.23% of the company’s stock.

NVIDIA Stock Up 3.9 %

NASDAQ NVDA opened at $124.81 on Friday. The stock has a fifty day moving average of $134.19 and a 200-day moving average of $131.92. The stock has a market capitalization of $3.06 trillion, a P/E ratio of 49.12, a price-to-earnings-growth ratio of 1.76 and a beta of 1.62. 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.

NVIDIA (NASDAQ:NVDA) last announced 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 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. On average, equities research analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors 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 (DPR) is presently 1.57%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NVDA. Rosenblatt Securities reaffirmed a “buy” rating and issued a $220.00 target price on shares of NVIDIA in a report on Monday, February 24th. Loop Capital reiterated a “buy” rating and issued a $175.00 price objective on shares of NVIDIA in a research report on Wednesday, November 20th. Morgan Stanley reiterated an “overweight” rating and issued a $162.00 price objective (up previously from $152.00) on shares of NVIDIA in a research report on Wednesday. Redburn Atlantic assumed coverage on NVIDIA in a research report on Tuesday, November 12th. They issued a “buy” rating and a $178.00 price objective for the company. Finally, Citigroup raised their price objective on NVIDIA from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Five 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. Based on data from MarketBeat, NVIDIA presently has a consensus rating of “Moderate Buy” and an average price target of $169.62.

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.