NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Five Oceans Advisors

Five Oceans Advisors grew its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 6.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 46,747 shares of the computer hardware maker’s stock after acquiring an additional 2,965 shares during the period. NVIDIA comprises about 2.9% of Five Oceans Advisors’ holdings, making the stock its 8th largest position. Five Oceans Advisors’ holdings in NVIDIA were worth $6,278,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Journey Strategic Wealth LLC increased its stake in NVIDIA by 4.4% during the fourth quarter. Journey Strategic Wealth LLC now owns 93,237 shares of the computer hardware maker’s stock worth $12,521,000 after acquiring an additional 3,946 shares during the last quarter. Osborne Partners Capital Management LLC increased its stake in NVIDIA by 17.5% during the fourth quarter. Osborne Partners Capital Management LLC now owns 228,195 shares of the computer hardware maker’s stock worth $30,644,000 after acquiring an additional 33,954 shares during the last quarter. Richardson Financial Services Inc. increased its stake in NVIDIA by 3.8% during the fourth quarter. Richardson Financial Services Inc. now owns 22,420 shares of the computer hardware maker’s stock worth $3,082,000 after acquiring an additional 814 shares during the last quarter. Sylvest Advisors LLC acquired a new stake in NVIDIA during the fourth quarter worth about $545,000. Finally, SYM FINANCIAL Corp increased its stake in NVIDIA by 185.2% during the fourth quarter. SYM FINANCIAL Corp now owns 71,902 shares of the computer hardware maker’s stock worth $9,656,000 after acquiring an additional 46,695 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NVIDIA

In related news, EVP Ajay K. Puri sold 36,462 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $589,726,376.80. This trade represents a 0.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the firm’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 approximately $3,763,402,713.60. This represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,107,632 shares of company stock worth $146,405,286 in the last three months. 4.23% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on NVDA shares. Redburn Atlantic started coverage on NVIDIA in a research report on Tuesday, November 12th. They issued a “buy” rating and a $178.00 target price for the company. Loop Capital reaffirmed a “buy” rating and issued a $175.00 target price on shares of NVIDIA in a research report on Wednesday, November 20th. Mizuho upped their target price on NVIDIA from $165.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Evercore ISI upped their target price on NVIDIA from $189.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Finally, Wells Fargo & Company upped their target price on NVIDIA from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Five research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $169.62.

NVIDIA Stock Up 3.9 %

Shares of NVIDIA stock opened at $124.81 on Friday. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The business’s 50 day simple moving average is $134.19 and its 200-day simple moving average is $131.92. The stock has a market capitalization of $3.06 trillion, a price-to-earnings ratio of 49.12, a PEG ratio of 1.76 and a beta of 1.62. NVIDIA Co. has a twelve month low of $75.61 and a twelve month high of $153.13.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share 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 for the quarter, compared to analysts’ expectations of $38.16 billion. Equities research analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently announced 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 yield of 0.03%. The ex-dividend date is Wednesday, March 12th. NVIDIA’s dividend payout ratio is currently 1.57%.

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.