Dynamic Advisors Solutions LLC Takes Position in NVIDIA Co. (NVDA)

Dynamic Advisors Solutions LLC purchased a new stake in shares of NVIDIA Co. (NASDAQ:NVDA) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 1,085 shares of the computer hardware maker’s stock, valued at approximately $210,000.

Other hedge funds have also added to or reduced their stakes in the company. Whale Rock Capital Management LLC acquired a new stake in shares of NVIDIA during the third quarter worth $93,171,000. Old Mutual Global Investors UK Ltd. increased its position in shares of NVIDIA by 71.3% during the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 1,028,663 shares of the computer hardware maker’s stock worth $199,046,000 after buying an additional 428,046 shares during the period. Zevenbergen Capital Investments LLC increased its position in shares of NVIDIA by 957.5% during the third quarter. Zevenbergen Capital Investments LLC now owns 391,565 shares of the computer hardware maker’s stock worth $70,000,000 after buying an additional 354,537 shares during the period. Global X Management Co. LLC increased its position in shares of NVIDIA by 124.8% during the fourth quarter. Global X Management Co. LLC now owns 616,045 shares of the computer hardware maker’s stock worth $119,205,000 after buying an additional 342,038 shares during the period. Finally, Swedbank increased its position in shares of NVIDIA by 21.0% during the third quarter. Swedbank now owns 1,690,684 shares of the computer hardware maker’s stock worth $302,244,000 after buying an additional 293,832 shares during the period. 61.46% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Co. (NASDAQ:NVDA) opened at $249.08 on Wednesday. NVIDIA Co. has a 12 month low of $95.17 and a 12 month high of $251.87. The firm has a market cap of $147,767.03, a price-to-earnings ratio of 51.68, a price-to-earnings-growth ratio of 3.82 and a beta of 1.43. The company has a quick ratio of 7.34, a current ratio of 8.03 and a debt-to-equity ratio of 0.27.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.56. NVIDIA had a net margin of 31.36% and a return on equity of 45.02%. The firm had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same period last year, the firm earned $1.13 earnings per share. The business’s quarterly revenue was up 34.0% compared to the same quarter last year. equities research analysts anticipate that NVIDIA Co. will post 6.22 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 23rd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date is Thursday, February 22nd. NVIDIA’s dividend payout ratio (DPR) is 12.45%.

In related news, Director Persis Drell sold 606 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $197.07, for a total transaction of $119,424.42. Following the transaction, the director now directly owns 26,104 shares of the company’s stock, valued at $5,144,315.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James C. Gaither sold 40,359 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $245.67, for a total transaction of $9,914,995.53. The disclosure for this sale can be found here. Insiders sold 58,443 shares of company stock worth $14,010,937 over the last ninety days. Insiders own 5.17% of the company’s stock.

Several research firms have recently weighed in on NVDA. Vetr upgraded shares of NVIDIA from a “hold” rating to a “buy” rating and set a $257.77 price objective for the company in a research report on Monday. BidaskClub upgraded shares of NVIDIA from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 16th. Nomura increased their price objective on shares of NVIDIA to $225.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. BMO Capital Markets increased their price objective on shares of NVIDIA from $200.00 to $225.00 and gave the stock a “market perform” rating in a research report on Friday, February 9th. Finally, B. Riley increased their price objective on shares of NVIDIA from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $210.97.

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NVIDIA Profile

Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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