Findlay Park Partners LLP Invests $157.82 Million in NVIDIA Co. (NASDAQ:NVDA)

Findlay Park Partners LLP purchased a new position in shares of NVIDIA Co. (NASDAQ:NVDAGet Rating) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 536,608 shares of the computer hardware maker’s stock, valued at approximately $157,822,000.

Several other hedge funds also recently modified their holdings of the company. Regal Investment Advisors LLC lifted its position in shares of NVIDIA by 2.7% during the fourth quarter. Regal Investment Advisors LLC now owns 26,708 shares of the computer hardware maker’s stock worth $7,855,000 after purchasing an additional 707 shares during the last quarter. Peloton Wealth Strategists bought a new position in shares of NVIDIA during the fourth quarter worth about $259,000. Curran Financial Partners LLC bought a new position in shares of NVIDIA during the fourth quarter worth about $278,000. Monograph Wealth Advisors LLC bought a new position in shares of NVIDIA during the fourth quarter worth about $2,950,000. Finally, Cutter & CO Brokerage Inc. lifted its holdings in NVIDIA by 6.0% in the fourth quarter. Cutter & CO Brokerage Inc. now owns 3,867 shares of the computer hardware maker’s stock worth $1,137,000 after acquiring an additional 220 shares during the last quarter. 55.19% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ NVDA traded up $15.31 during trading on Friday, hitting $177.06. The company had a trading volume of 66,953,757 shares, compared to its average volume of 56,273,920. The company has a market cap of $515.73 billion, a P/E ratio of 46.02, a PEG ratio of 2.10 and a beta of 1.59. NVIDIA Co. has a 52 week low of $135.43 and a 52 week high of $346.47. The business’s 50-day moving average is $224.97 and its 200 day moving average is $257.53. The company has a debt-to-equity ratio of 0.41, a quick ratio of 6.05 and a current ratio of 6.65.

NVIDIA (NASDAQ:NVDAGet Rating) last posted its quarterly earnings results on Wednesday, February 16th. The computer hardware maker reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.13. The company had revenue of $7.64 billion for the quarter, compared to analysts’ expectations of $7.43 billion. NVIDIA had a return on equity of 42.99% and a net margin of 36.24%. The firm’s revenue was up 52.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 earnings per share. On average, research analysts expect that NVIDIA Co. will post 4.71 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 24th. Shareholders of record on Thursday, March 3rd were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.09%. The ex-dividend date of this dividend was Wednesday, March 2nd. NVIDIA’s dividend payout ratio (DPR) is currently 4.16%.

In other NVIDIA news, Director Mark L. Perry sold 16,716 shares of the business’s stock in a transaction on Friday, March 18th. The shares were sold at an average price of $263.80, for a total transaction of $4,409,680.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 292,340 shares of the business’s stock in a transaction on Tuesday, March 1st. The shares were sold at an average price of $237.12, for a total transaction of $69,319,660.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 409,056 shares of company stock worth $101,135,342. Company insiders own 4.47% of the company’s stock.

A number of brokerages have issued reports on NVDA. Mizuho raised their target price on shares of NVIDIA from $335.00 to $345.00 and gave the stock a “buy” rating in a report on Thursday, February 17th. The Goldman Sachs Group began coverage on shares of NVIDIA in a report on Monday, March 7th. They issued a “neutral” rating and a $245.00 target price on the stock. New Street Research raised shares of NVIDIA from a “neutral” rating to a “buy” rating and set a $280.00 target price on the stock in a report on Wednesday, April 13th. Citigroup raised shares of NVIDIA from a “neutral” rating to a “buy” rating and set a $280.00 target price on the stock in a report on Wednesday, April 13th. They noted that the move was a valuation call. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of NVIDIA from $285.00 to $255.00 and set a “hold” rating on the stock in a report on Wednesday, April 20th. Eight analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $324.82.

About NVIDIA (Get Rating)

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.

Further Reading

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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