Virtus Fund Advisers LLC Invests $10.60 Million in NVIDIA Co. (NVDA)

Virtus Fund Advisers LLC acquired a new stake in shares of NVIDIA Co. (NASDAQ:NVDA) in the 4th quarter, HoldingsChannel reports. The firm acquired 54,800 shares of the computer hardware maker’s stock, valued at approximately $10,604,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Legal & General Group Plc raised its stake in NVIDIA by 2.8% during the 3rd quarter. Legal & General Group Plc now owns 2,867,090 shares of the computer hardware maker’s stock valued at $512,549,000 after acquiring an additional 78,943 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in NVIDIA by 2.0% during the 4th quarter. UBS Asset Management Americas Inc. now owns 2,265,682 shares of the computer hardware maker’s stock valued at $438,409,000 after acquiring an additional 45,162 shares during the last quarter. Swiss National Bank raised its stake in NVIDIA by 0.9% during the 4th quarter. Swiss National Bank now owns 2,213,385 shares of the computer hardware maker’s stock valued at $428,290,000 after acquiring an additional 19,900 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in NVIDIA by 4.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 2,027,499 shares of the computer hardware maker’s stock valued at $392,322,000 after acquiring an additional 95,004 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in NVIDIA by 12.0% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,970,888 shares of the computer hardware maker’s stock valued at $352,336,000 after acquiring an additional 211,411 shares during the last quarter. 61.46% of the stock is owned by hedge funds and other institutional investors.

In other NVIDIA news, Director James C. Gaither sold 40,359 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $245.67, for a total transaction of $9,914,995.53. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Colette Kress sold 171 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $185.57, for a total value of $31,732.47. The disclosure for this sale can be found here. In the last quarter, insiders have sold 58,443 shares of company stock worth $14,010,937. 5.17% of the stock is owned by insiders.

Several analysts have commented on the company. BidaskClub raised NVIDIA from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 11th. Susquehanna Bancshares reaffirmed a “neutral” rating and set a $200.00 price objective (up from $185.00) on shares of NVIDIA in a research note on Thursday, February 8th. Stifel Nicolaus increased their target price on NVIDIA from $184.00 to $220.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. They noted that the move was a valuation call. Zacks Investment Research raised NVIDIA from a “hold” rating to a “buy” rating and set a $262.00 target price for the company in a research note on Wednesday, January 24th. Finally, Jefferies Group increased their target price on NVIDIA from $15.50 to $300.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $210.97.

Shares of NVIDIA Co. (NVDA) opened at $249.08 on Wednesday. The company has a market capitalization of $150,940.00, a price-to-earnings ratio of 51.57, a price-to-earnings-growth ratio of 3.82 and a beta of 1.43. The company has a current ratio of 8.03, a quick ratio of 7.34 and a debt-to-equity ratio of 0.27. NVIDIA Co. has a fifty-two week low of $95.17 and a fifty-two week high of $251.87.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 23rd will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend is Thursday, February 22nd. NVIDIA’s dividend payout ratio (DPR) is presently 12.42%.

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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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