17 Capital Partners LLC Has $1.72 Million Position in NVIDIA Co. (NASDAQ:NVDA)

17 Capital Partners LLC boosted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 3.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,772 shares of the computer hardware maker’s stock after purchasing an additional 385 shares during the quarter. NVIDIA comprises approximately 1.1% of 17 Capital Partners LLC’s investment portfolio, making the stock its 16th largest holding. 17 Capital Partners LLC’s holdings in NVIDIA were worth $1,715,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of NVDA. AMF Tjanstepension AB boosted its holdings in NVIDIA by 2.2% during the 3rd quarter. AMF Tjanstepension AB now owns 8,039,712 shares of the computer hardware maker’s stock worth $976,348,000 after acquiring an additional 169,445 shares during the last quarter. Wealth Group Ltd. raised its stake in shares of NVIDIA by 5.0% during the 3rd quarter. Wealth Group Ltd. now owns 5,602 shares of the computer hardware maker’s stock worth $680,000 after purchasing an additional 265 shares during the period. Sanders Morris Harris LLC raised its stake in shares of NVIDIA by 4.9% during the 3rd quarter. Sanders Morris Harris LLC now owns 195,010 shares of the computer hardware maker’s stock worth $23,682,000 after purchasing an additional 9,040 shares during the period. Atlas Private Wealth Advisors raised its stake in shares of NVIDIA by 6.1% during the 3rd quarter. Atlas Private Wealth Advisors now owns 13,918 shares of the computer hardware maker’s stock worth $1,690,000 after purchasing an additional 800 shares during the period. Finally, Morton Capital Management LLC CA raised its stake in shares of NVIDIA by 36.2% during the 3rd quarter. Morton Capital Management LLC CA now owns 22,942 shares of the computer hardware maker’s stock worth $2,786,000 after purchasing an additional 6,101 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Activity

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.28, for a total value of $608,760.00. Following the completion of the transaction, the insider now directly owns 480,899 shares of the company’s stock, valued at $65,056,016.72. This represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Colette Kress sold 66,670 shares of the 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 directly owns 3,351,572 shares of the company’s stock, valued at approximately $453,802,848.80. The trade was a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,107,632 shares of company stock valued at $146,405,286. Insiders own 4.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on NVDA shares. TD Cowen lifted their target price on NVIDIA from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft lifted their target price on NVIDIA from $115.00 to $140.00 and gave the stock a “hold” rating in a research note on Thursday, November 21st. Loop Capital reiterated a “buy” rating and set a $175.00 target price on shares of NVIDIA in a research note on Wednesday, November 20th. Evercore ISI lifted their target price on NVIDIA from $189.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Finally, Mizuho boosted their price objective on NVIDIA from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $171.69.

NVIDIA Stock Performance

NASDAQ NVDA opened at $108.76 on Wednesday. The company has a 50-day simple moving average of $130.54 and a two-hundred day simple moving average of $131.42. The company has a quick ratio of 3.64, a current ratio of 4.10 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 $153.13. The firm has a market cap of $2.65 trillion, a price-to-earnings ratio of 42.80, a PEG ratio of 1.76 and a beta of 1.77.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating the consensus estimate 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 net margin of 55.69% and a return on equity of 114.83%. On average, equities analysts forecast that NVIDIA Co. will post 2.77 EPS 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 paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA’s dividend payout ratio (DPR) is 1.36%.

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.