Illumine Investment Management LLC Takes Position in NVIDIA Co. (NASDAQ:NVDA)

Illumine Investment Management LLC purchased a new position in shares of NVIDIA Co. (NASDAQ:NVDA) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 4,330 shares of the computer hardware maker’s stock, valued at approximately $581,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tufton Capital Management grew its holdings in NVIDIA by 6.8% in the 4th quarter. Tufton Capital Management now owns 11,380 shares of the computer hardware maker’s stock worth $1,528,000 after acquiring an additional 720 shares during the last quarter. Veridan Wealth LLC purchased a new stake in shares of NVIDIA during the fourth quarter worth about $1,350,000. Waterway Wealth Management LLC grew its stake in shares of NVIDIA by 3.1% in the fourth quarter. Waterway Wealth Management LLC now owns 30,842 shares of the computer hardware maker’s stock worth $4,142,000 after purchasing an additional 934 shares during the last quarter. Fortress Financial Group LLC purchased a new position in NVIDIA during the 4th quarter valued at about $580,000. Finally, Dynasty Wealth Management LLC bought a new position in NVIDIA during the 4th quarter valued at approximately $345,000. 65.27% of the stock is currently owned by institutional investors.

Insider Activity at NVIDIA

In other NVIDIA news, Director John Dabiri sold 2,663 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the sale, the director now owns 17,279 shares of the company’s stock, valued at approximately $1,900,690. The trade was a 13.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the completion of the sale, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 183,609 shares of company stock worth $22,642,615. 4.23% of the stock is owned by company insiders.

Analyst Ratings Changes

NVDA has been the topic of a number of recent analyst reports. Barclays lifted their price objective on NVIDIA from $160.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Needham & Company LLC reiterated a “buy” rating and issued a $160.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Mizuho decreased their price objective on shares of NVIDIA from $175.00 to $168.00 and set an “outperform” rating for the company in a report on Friday, March 14th. Truist Financial raised their target price on shares of NVIDIA from $204.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, DZ Bank upgraded shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th. Five analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and an average price target of $169.89.

NVIDIA Price Performance

Shares of NVDA opened at $94.31 on Friday. The firm has a fifty day simple moving average of $121.20 and a two-hundred day simple moving average of $130.96. The firm has a market cap of $2.30 trillion, a PE ratio of 37.12, a P/E/G ratio of 1.76 and a beta of 1.96. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 1-year low of $75.61 and a 1-year high of $195.95.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. The company had revenue of $39.33 billion during 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%. On average, equities analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date was Wednesday, March 12th. NVIDIA’s payout ratio is 1.36%.

About NVIDIA

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.