Trivest Advisors Ltd Buys Shares of 40,000 NVIDIA Co. (NASDAQ:NVDA)

Trivest Advisors Ltd bought a new stake in shares of NVIDIA Co. (NASDAQ:NVDA) in the fourth quarter, Holdings Channel reports. The fund bought 40,000 shares of the computer hardware maker’s stock, valued at approximately $9,412,000. NVIDIA accounts for approximately 2.6% of Trivest Advisors Ltd’s investment portfolio, making the stock its 8th largest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Wealth Advisors Inc. bought a new position in shares of NVIDIA during the fourth quarter valued at approximately $1,800,000. TFG Advisers LLC bought a new position in shares of NVIDIA during the fourth quarter valued at approximately $314,000. Engrave Wealth Partners LLC bought a new position in shares of NVIDIA during the fourth quarter valued at approximately $34,000. Franklin Resources Inc. increased its stake in shares of NVIDIA by 1.9% during the fourth quarter. Franklin Resources Inc. now owns 2,174,788 shares of the computer hardware maker’s stock valued at $511,702,000 after purchasing an additional 40,377 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its stake in shares of NVIDIA by 41.6% during the fourth quarter. Nuveen Asset Management LLC now owns 5,375,470 shares of the computer hardware maker’s stock valued at $1,264,848,000 after purchasing an additional 1,579,858 shares in the last quarter. 66.70% of the stock is owned by institutional investors and hedge funds.

Shares of NVDA stock traded down $1.82 on Tuesday, hitting $263.77. 15,027,672 shares of the stock traded hands, compared to its average volume of 17,781,606. The firm has a market cap of $166.21 billion, a price-to-earnings ratio of 58.36, a PEG ratio of 2.69 and a beta of 1.69. NVIDIA Co. has a 52 week low of $132.60 and a 52 week high of $316.32. The firm has a 50 day simple moving average of $258.23 and a two-hundred day simple moving average of $224.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 7.67 and a quick ratio of 7.13.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, February 13th. The computer hardware maker reported $1.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.22. The firm had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $2.96 billion. NVIDIA had a net margin of 25.60% and a return on equity of 26.08%. During the same period last year, the firm earned $0.80 EPS. Sell-side analysts forecast that NVIDIA Co. will post 6.37 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, February 28th were given a dividend of $0.16 per share. The ex-dividend date was Thursday, February 27th. This represents a $0.64 annualized dividend and a dividend yield of 0.24%. NVIDIA’s payout ratio is 13.94%.

A number of equities research analysts have recently commented on the stock. Needham & Company LLC upgraded shares of NVIDIA from a “hold” rating to a “buy” rating and set a $270.00 price target on the stock in a report on Tuesday, March 24th. Zacks Investment Research upgraded shares of NVIDIA from a “hold” rating to a “buy” rating and set a $330.00 price target on the stock in a report on Thursday, February 20th. Cascend Securities reiterated a “buy” rating and set a $330.00 price target on shares of NVIDIA in a report on Wednesday, February 19th. Citigroup increased their price target on shares of NVIDIA from $245.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, February 14th. Finally, Barclays reiterated a “buy” rating and set a $300.00 price target on shares of NVIDIA in a report on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirty-two have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $275.27.

In other NVIDIA news, Director Persis Drell sold 160 shares of NVIDIA stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $315.73, for a total value of $50,516.80. Following the sale, the director now directly owns 17,859 shares in the company, valued at approximately $5,638,622.07. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Colette Kress sold 2,000 shares of NVIDIA stock in a transaction on Monday, January 6th. The shares were sold at an average price of $235.43, for a total transaction of $470,860.00. Following the completion of the sale, the chief financial officer now owns 169,989 shares in the company, valued at $40,020,510.27. The disclosure for this sale can be found here. Insiders have sold a total of 48,160 shares of company stock worth $12,214,957 over the last 90 days. Insiders own 4.64% of the company’s stock.

NVIDIA Profile

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims 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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