Anchor Capital Advisors LLC Acquires Shares of 1,530 NVIDIA Co. (NASDAQ:NVDA)

Anchor Capital Advisors LLC bought a new position in NVIDIA Co. (NASDAQ:NVDA) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 1,530 shares of the computer hardware maker’s stock, valued at approximately $205,000.

Other hedge funds have also recently made changes to their positions in the company. Financial Security Advisor Inc. increased its stake in NVIDIA by 2.1% during the fourth quarter. Financial Security Advisor Inc. now owns 36,774 shares of the computer hardware maker’s stock worth $4,938,000 after acquiring an additional 762 shares during the last quarter. Hilltop Partners LLC boosted its holdings in shares of NVIDIA by 53.6% in the 4th quarter. Hilltop Partners LLC now owns 20,535 shares of the computer hardware maker’s stock worth $2,758,000 after purchasing an additional 7,167 shares during the period. Verus Capital Partners LLC increased its position in shares of NVIDIA by 17.3% during the 4th quarter. Verus Capital Partners LLC now owns 541,946 shares of the computer hardware maker’s stock valued at $72,778,000 after purchasing an additional 80,062 shares during the last quarter. AIMZ Investment Advisors LLC raised 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 buying an additional 265 shares during the period. Finally, Fusion Capital LLC lifted its position in NVIDIA by 1.3% in the fourth quarter. Fusion Capital LLC now owns 16,832 shares of the computer hardware maker’s stock worth $2,260,000 after buying an additional 223 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NVDA. Morgan Stanley set a $162.00 target price on shares of NVIDIA and gave the stock an “overweight” rating in a report on Wednesday, March 19th. HSBC lowered NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 target price for the company. in a research report on Thursday. Benchmark reiterated a “buy” rating and issued a $190.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Stifel Nicolaus set a $180.00 price objective on NVIDIA in a report on Wednesday, March 19th. Finally, DA Davidson reduced their target price on NVIDIA from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. Five research 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’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $169.89.

NVIDIA Stock Down 7.4 %

Shares of NVDA stock opened at $94.31 on Friday. The stock’s fifty day moving average price is $121.20 and its 200 day moving average price is $130.96. 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 1-year low of $75.61 and a 1-year high of $195.95. The company has a market cap of $2.30 trillion, a price-to-earnings ratio of 37.12, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96.

NVIDIA (NASDAQ:NVDA) last announced 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 analyst estimates of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. On average, research analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Insider Activity

In related news, 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 value of $292,930.00. Following the sale, the director now owns 17,279 shares in the company, valued at $1,900,690. This represents a 13.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Colette Kress sold 66,660 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the transaction, the chief financial officer now directly owns 3,085,765 shares of the company’s stock, valued at $360,509,924.95. This represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 183,609 shares of company stock valued at $22,642,615 over the last ninety days. 4.23% of the stock is currently owned by insiders.

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.