Augustine Asset Management Inc. Acquires 944 Shares of NVIDIA Co. (NASDAQ:NVDA)

Augustine Asset Management Inc. raised its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 9.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,563 shares of the computer hardware maker’s stock after purchasing an additional 944 shares during the quarter. Augustine Asset Management Inc.’s holdings in NVIDIA were worth $1,419,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Shaker Investments LLC OH boosted its holdings in NVIDIA by 21.9% during the 4th quarter. Shaker Investments LLC OH now owns 81,629 shares of the computer hardware maker’s stock worth $10,962,000 after acquiring an additional 14,680 shares during the last quarter. UNICOM Systems Inc. purchased a new position in NVIDIA during the 4th quarter worth $86,335,000. New Republic Capital LLC boosted its holdings in NVIDIA by 11.6% during the 4th quarter. New Republic Capital LLC now owns 33,505 shares of the computer hardware maker’s stock worth $4,499,000 after acquiring an additional 3,471 shares during the last quarter. AIFG Consultants Ltd. boosted its holdings in NVIDIA by 10.5% during the 4th quarter. AIFG Consultants Ltd. now owns 3,917 shares of the computer hardware maker’s stock worth $526,000 after acquiring an additional 372 shares during the last quarter. Finally, JSF Financial LLC boosted its holdings in NVIDIA by 222.9% during the 4th quarter. JSF Financial LLC now owns 62,701 shares of the computer hardware maker’s stock worth $8,420,000 after acquiring an additional 43,283 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling

In related news, EVP Ajay K. Puri sold 36,462 shares of the company’s stock in a transaction that occurred 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. This represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Dabiri sold 2,663 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 17,279 shares in the company, valued at approximately $1,900,690. This trade represents a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,039,125 shares of company stock worth $137,062,338. Insiders own 4.23% of the company’s stock.

NVIDIA Trading Up 5.3 %

Shares of NVDA opened at $121.67 on Friday. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The business’s 50-day moving average price is $129.26 and its 200-day moving average price is $131.17. The stock has a market cap of $2.97 trillion, a PE ratio of 47.88, a P/E/G ratio of 1.76 and a beta of 1.77. NVIDIA Co. has a twelve month low of $75.61 and a twelve month high of $153.13.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.05. The company had revenue of $39.33 billion for the quarter, compared to analysts’ expectations 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 fiscal 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 given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA’s dividend payout ratio (DPR) is 1.36%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on NVDA shares. DZ Bank raised shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. Loop Capital reissued a “buy” rating and issued a $175.00 price target on shares of NVIDIA in a report on Wednesday, November 20th. Morgan Stanley reissued an “overweight” rating and issued a $162.00 price target (up from $152.00) on shares of NVIDIA in a report on Wednesday, February 26th. DA Davidson reissued a “neutral” rating and issued a $135.00 price target on shares of NVIDIA in a report on Thursday, February 27th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of NVIDIA from $115.00 to $140.00 and gave the stock a “hold” rating in a report on Thursday, November 21st. 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 company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $171.51.

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.