Peconic Partners LLC Invests $40,000 in NVIDIA Co. (NVDA)

Peconic Partners LLC acquired a new stake in shares of NVIDIA Co. (NASDAQ:NVDA) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 300 shares of the computer hardware maker’s stock, valued at approximately $40,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TD Capital Management LLC acquired a new stake in shares of NVIDIA during the 4th quarter valued at $27,000. Swedbank boosted its holdings in shares of NVIDIA by 50.4% during the 4th quarter. Swedbank now owns 2,547,600 shares of the computer hardware maker’s stock valued at $340,487,000 after acquiring an additional 854,050 shares in the last quarter. Girard Partners LTD. boosted its holdings in shares of NVIDIA by 25.1% during the 4th quarter. Girard Partners LTD. now owns 2,300 shares of the computer hardware maker’s stock valued at $307,000 after acquiring an additional 461 shares in the last quarter. River Wealth Advisors LLC boosted its holdings in shares of NVIDIA by 7.4% during the 4th quarter. River Wealth Advisors LLC now owns 2,563 shares of the computer hardware maker’s stock valued at $342,000 after acquiring an additional 177 shares in the last quarter. Finally, Man Group plc boosted its holdings in shares of NVIDIA by 5.6% during the 3rd quarter. Man Group plc now owns 37,977 shares of the computer hardware maker’s stock valued at $10,673,000 after acquiring an additional 2,028 shares in the last quarter. 68.72% of the stock is currently owned by institutional investors.

In related news, EVP Debora Shoquist sold 6,345 shares of the business’s stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $135.33, for a total value of $858,668.85. Following the completion of the sale, the executive vice president now directly owns 177,911 shares of the company’s stock, valued at approximately $24,076,695.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.70% of the company’s stock.

Several equities research analysts recently weighed in on NVDA shares. BidaskClub downgraded NVIDIA from a “hold” rating to a “sell” rating in a report on Wednesday, November 21st. Daiwa Capital Markets reaffirmed a “buy” rating on shares of NVIDIA in a report on Monday, November 19th. BNP Paribas downgraded NVIDIA from a “neutral” rating to an “underperform” rating in a report on Tuesday, November 20th. Cowen reaffirmed an “outperform” rating and set a $195.00 target price (down from $215.00) on shares of NVIDIA in a report on Friday, February 15th. Finally, Credit Suisse Group began coverage on NVIDIA in a report on Monday, November 26th. They set an “outperform” rating and a $225.00 target price on the stock. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty-five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $210.62.

NVDA stock opened at $169.81 on Friday. NVIDIA Co. has a 1-year low of $124.46 and a 1-year high of $292.76. The company has a debt-to-equity ratio of 0.21, a current ratio of 7.94 and a quick ratio of 6.76. The stock has a market capitalization of $102.90 billion, a PE ratio of 27.98, a price-to-earnings-growth ratio of 3.90 and a beta of 1.89.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Thursday, February 14th. The computer hardware maker reported $0.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.27. NVIDIA had a return on equity of 41.78% and a net margin of 35.35%. The firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period last year, the company posted $1.72 EPS. The business’s quarterly revenue was down 24.3% on a year-over-year basis. Analysts expect that NVIDIA Co. will post 4.49 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 1st will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.38%. The ex-dividend date of this dividend is Thursday, February 28th. NVIDIA’s dividend payout ratio (DPR) is presently 10.54%.

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NVIDIA Profile

NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for artificial intelligence (AI) utilizing deep learning, accelerated computing, and general purpose computing; GRID, which provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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