CFO4Life Group LLC Has $4.76 Million Position in NVIDIA Co. (NASDAQ:NVDA)

CFO4Life Group LLC lifted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 3.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 35,432 shares of the computer hardware maker’s stock after buying an additional 1,314 shares during the period. NVIDIA makes up about 0.8% of CFO4Life Group LLC’s holdings, making the stock its 27th largest holding. CFO4Life Group LLC’s holdings in NVIDIA were worth $4,758,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Geode Capital Management LLC lifted its holdings in NVIDIA by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 546,079,492 shares of the computer hardware maker’s stock valued at $66,101,133,000 after purchasing an additional 11,525,969 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in NVIDIA by 3.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 180,403,789 shares of the computer hardware maker’s stock valued at $21,908,236,000 after acquiring an additional 6,526,200 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in NVIDIA by 3.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 151,280,130 shares of the computer hardware maker’s stock valued at $20,315,409,000 after buying an additional 5,211,040 shares during the period. Amundi raised its position in NVIDIA by 12.9% during the fourth quarter. Amundi now owns 117,036,612 shares of the computer hardware maker’s stock valued at $16,394,224,000 after purchasing an additional 13,406,054 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its position in shares of NVIDIA by 1.7% during the 4th quarter. Fisher Asset Management LLC now owns 98,339,379 shares of the computer hardware maker’s stock worth $13,205,995,000 after buying an additional 1,618,672 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In other news, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the sale, the director now owns 17,279 shares of the company’s stock, valued at approximately $1,900,690. This trade represents a 13.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert K. Burgess sold 53,324 shares of NVIDIA stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the sale, the director now owns 251,044 shares in the company, valued at approximately $28,993,071.56. This trade represents a 17.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock worth $17,133,207 over the last 90 days. Insiders own 4.23% of the company’s stock.

NVIDIA Stock Performance

NVDA stock opened at $101.33 on Friday. The company has a market capitalization of $2.47 trillion, a P/E ratio of 39.88, a PEG ratio of 1.76 and a beta of 1.96. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a fifty-two week low of $75.61 and a fifty-two week high of $195.95. The company has a 50-day simple moving average of $117.19 and a 200 day simple moving average of $129.89.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. The firm had revenue of $39.33 billion for the quarter, compared to analysts’ expectations of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. Sell-side analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.04%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA’s payout ratio is 1.36%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Bank of America cut their price objective on NVIDIA from $200.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday. Truist Financial upped their price objective on shares of NVIDIA from $204.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Tigress Financial reiterated a “buy” rating on shares of NVIDIA in a report on Wednesday, February 26th. Susquehanna reissued a “positive” rating and set a $180.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, Citigroup restated a “buy” rating on shares of NVIDIA in a research note on Wednesday. Six equities research analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.51.

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.