Seelaus Asset Management LLC Buys 25 Shares of NVIDIA Co. (NASDAQ:NVDA)

Seelaus Asset Management LLC lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 890 shares of the computer hardware maker’s stock after purchasing an additional 25 shares during the period. Seelaus Asset Management LLC’s holdings in NVIDIA were worth $441,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in NVDA. Norges Bank acquired a new position in shares of NVIDIA during the 4th quarter worth approximately $3,900,874,000. Moneta Group Investment Advisors LLC increased its holdings in shares of NVIDIA by 160,446.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 19,586,643 shares of the computer hardware maker’s stock worth $2,862,392,000 after acquiring an additional 19,574,443 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of NVIDIA by 54,019.5% during the 4th quarter. International Assets Investment Management LLC now owns 16,866,869 shares of the computer hardware maker’s stock worth $8,352,811,000 after acquiring an additional 16,835,703 shares during the last quarter. Morgan Stanley increased its holdings in shares of NVIDIA by 20.2% during the 4th quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock worth $4,023,783,000 after acquiring an additional 4,621,002 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of NVIDIA by 55.7% during the 2nd quarter. Barclays PLC now owns 7,661,032 shares of the computer hardware maker’s stock worth $3,240,769,000 after acquiring an additional 2,740,850 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Activity

In related news, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total transaction of $410,229.00. Following the completion of the sale, the insider now owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director John Dabiri sold 128 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $940.00, for a total transaction of $120,320.00. Following the completion of the sale, the director now owns 2,055 shares of the company’s stock, valued at $1,931,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total value of $410,229.00. Following the sale, the insider now directly owns 49,815 shares of the company’s stock, valued at approximately $45,412,350.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 61,278 shares of company stock valued at $52,689,898. Company insiders own 3.99% of the company’s stock.

Wall Street Analyst Weigh In

NVDA has been the topic of a number of recent analyst reports. Jefferies Financial Group boosted their target price on NVIDIA from $610.00 to $780.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Citigroup upped their price objective on NVIDIA from $820.00 to $1,030.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Wedbush reaffirmed an “outperform” rating and issued a $1,000.00 price objective on shares of NVIDIA in a report on Tuesday, March 19th. UBS Group upped their price objective on NVIDIA from $800.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, March 22nd. Finally, Wells Fargo & Company upped their price objective on NVIDIA from $840.00 to $970.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. Four analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and an average target price of $940.30.

NVIDIA Price Performance

NVIDIA stock opened at $846.71 on Friday. The company has a market capitalization of $2.12 trillion, a PE ratio of 70.91, a P/E/G ratio of 1.26 and a beta of 1.73. The stock has a 50-day moving average price of $843.90 and a two-hundred day moving average price of $620.05. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. NVIDIA Co. has a 12 month low of $262.25 and a 12 month high of $974.00.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating the consensus estimate of $4.21 by $0.95. The company had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The business’s quarterly revenue was up 265.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.65 earnings per share. Analysts expect that NVIDIA Co. will post 22.45 EPS for the current year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were paid a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. NVIDIA’s payout ratio is 1.34%.

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.