NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Ewa LLC

Ewa LLC boosted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 432.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,418 shares of the computer hardware maker’s stock after acquiring an additional 5,212 shares during the period. NVIDIA comprises about 1.6% of Ewa LLC’s investment portfolio, making the stock its 17th biggest holding. Ewa LLC’s holdings in NVIDIA were worth $3,178,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. International Assets Investment Management LLC increased its holdings in shares of NVIDIA by 54,019.5% in the 4th quarter. International Assets Investment Management LLC now owns 16,866,869 shares of the computer hardware maker’s stock worth $8,352,811,000 after acquiring an additional 16,835,703 shares during the period. Vanguard Group Inc. increased its stake in shares of NVIDIA by 1.1% in the third quarter. Vanguard Group Inc. now owns 203,680,199 shares of the computer hardware maker’s stock valued at $88,598,850,000 after purchasing an additional 2,287,471 shares during the period. California Public Employees Retirement System raised its holdings in shares of NVIDIA by 31.8% during the fourth quarter. California Public Employees Retirement System now owns 7,477,385 shares of the computer hardware maker’s stock valued at $3,702,951,000 after buying an additional 1,805,763 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of NVIDIA during the third quarter worth approximately $728,543,000. Finally, Assenagon Asset Management S.A. grew its holdings in NVIDIA by 99.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,384,968 shares of the computer hardware maker’s stock worth $1,037,437,000 after buying an additional 1,189,495 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

Insider Buying and Selling at NVIDIA

In other news, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction on Friday, April 5th. The shares were sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the transaction, the director now owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Mark A. Stevens sold 11,000 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $905.65, for a total transaction of $9,962,150.00. Following the completion of the sale, the director now owns 1,074,833 shares in the company, valued at approximately $973,422,506.45. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mark A. Stevens sold 22,700 shares of the company’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the transaction, the director now owns 1,052,133 shares of the company’s stock, valued at $925,845,476.01. The disclosure for this sale can be found here. Insiders sold 61,278 shares of company stock worth $52,689,898 over the last ninety days. 3.99% of the stock is currently owned by insiders.

NVIDIA Trading Down 1.7 %

Shares of NASDAQ:NVDA opened at $905.54 on Wednesday. The firm has a fifty day moving average of $872.36 and a two-hundred day moving average of $659.34. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. NVIDIA Co. has a 12-month low of $280.46 and a 12-month high of $974.00. The firm has a market capitalization of $2.26 trillion, a P/E ratio of 75.84, a price-to-earnings-growth ratio of 1.27 and a beta of 1.75.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, beating analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. The business’s quarterly revenue was up 265.3% compared to the same quarter last year. On average, equities analysts expect that NVIDIA Co. will post 22.55 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA’s payout ratio is presently 1.34%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NVDA. Mizuho boosted their price target on NVIDIA from $850.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Loop Capital started coverage on shares of NVIDIA in a research report on Friday, February 16th. They issued a “buy” rating and a $1,200.00 target price for the company. Piper Sandler Companies boosted their price target on shares of NVIDIA to $850.00 and gave the stock an “overweight” rating in a research report on Friday, February 16th. Oppenheimer increased their price objective on shares of NVIDIA from $850.00 to $1,100.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. Finally, Needham & Company LLC boosted their target price on NVIDIA from $600.00 to $850.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Four research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $944.05.

NVIDIA Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The 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; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.