NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Meitav Investment House Ltd.

Meitav Investment House Ltd. raised its stake in NVIDIA Co. (NASDAQ:NVDA) by 12.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 157,682 shares of the computer hardware maker’s stock after acquiring an additional 17,113 shares during the period. NVIDIA accounts for about 1.1% of Meitav Investment House Ltd.’s investment portfolio, making the stock its 23rd biggest holding. Meitav Investment House Ltd.’s holdings in NVIDIA were worth $78,057,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. LFA Lugano Financial Advisors SA acquired a new position in shares of NVIDIA during the fourth quarter worth approximately $28,000. Peoples Financial Services CORP. acquired a new position in shares of NVIDIA during the third quarter worth approximately $30,000. Your Advocates Ltd. LLP acquired a new position in shares of NVIDIA during the third quarter worth approximately $30,000. Quarry LP acquired a new position in shares of NVIDIA during the first quarter worth approximately $34,000. Finally, Compass Wealth Management LLC acquired a new position in shares of NVIDIA during the fourth quarter worth approximately $39,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NVDA has been the subject of several analyst reports. The Goldman Sachs Group boosted their price objective on NVIDIA from $875.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Citigroup boosted their target price on NVIDIA from $820.00 to $1,030.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Morgan Stanley boosted their target price on NVIDIA from $795.00 to $1,000.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Rosenblatt Securities reissued a “buy” rating and set a $1,100.00 target price on shares of NVIDIA in a report on Tuesday, February 20th. Finally, Jefferies Financial Group boosted their target price on NVIDIA from $610.00 to $780.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $940.30.

Insider Activity

In other news, Director Mark A. Stevens sold 22,700 shares of the business’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 directly owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Mark A. Stevens sold 22,700 shares of the business’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 directly owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Mark A. Stevens sold 10,000 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the transaction, the director now owns 1,124,583 shares in the company, valued at $896,933,663.31. The disclosure for this sale can be found here. Insiders have sold a total of 61,278 shares of company stock worth $52,689,898 in the last ninety days. Corporate insiders own 3.99% of the company’s stock.

NVIDIA Trading Down 10.0 %

NASDAQ NVDA opened at $762.00 on Friday. The firm’s 50 day moving average price is $844.71 and its two-hundred day moving average price is $622.23. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17. NVIDIA Co. has a twelve month low of $262.25 and a twelve month high of $974.00. The stock has a market cap of $1.91 trillion, a price-to-earnings ratio of 63.82, a PEG ratio of 1.22 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, beating the consensus estimate of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The business had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.40 billion. During the same period in the previous year, the company posted $0.65 EPS. NVIDIA’s revenue was up 265.3% on a year-over-year basis. Equities analysts anticipate that NVIDIA Co. will post 22.45 EPS for the current year.

NVIDIA Announces Dividend

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

NVIDIA Company 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.