Aurora Private Wealth Inc. Purchases 372 Shares of NVIDIA Co. (NASDAQ:NVDA)

Aurora Private Wealth Inc. raised its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 20.4% during the fourth quarter, Holdings Channel reports. The fund owned 2,196 shares of the computer hardware maker’s stock after buying an additional 372 shares during the period. NVIDIA comprises about 1.0% of Aurora Private Wealth Inc.’s investment portfolio, making the stock its 22nd biggest position. Aurora Private Wealth Inc.’s holdings in NVIDIA were worth $1,088,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in NVDA. Vanguard Group Inc. raised its holdings in NVIDIA by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 203,680,199 shares of the computer hardware maker’s stock valued at $88,598,850,000 after buying an additional 2,287,471 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of NVIDIA in the third quarter valued at about $728,543,000. California Public Employees Retirement System raised its stake in shares of NVIDIA by 31.0% during the third quarter. California Public Employees Retirement System now owns 5,671,622 shares of the computer hardware maker’s stock valued at $2,467,099,000 after acquiring an additional 1,342,875 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of NVIDIA by 99.5% during the third 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 purchasing an additional 1,189,495 shares during the period. Finally, Barclays PLC increased its holdings in NVIDIA by 12.0% during the 3rd quarter. Barclays PLC now owns 8,580,783 shares of the computer hardware maker’s stock valued at $3,732,556,000 after purchasing an additional 919,751 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on NVDA. Bank of America increased their price objective on NVIDIA from $925.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of NVIDIA from $720.00 to $850.00 and gave the company a “hold” rating in a report on Wednesday, March 20th. Stifel Nicolaus restated a “buy” rating and issued a $910.00 price objective on shares of NVIDIA in a report on Wednesday, March 20th. Needham & Company LLC lifted their target price on shares of NVIDIA from $600.00 to $850.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Finally, Wedbush reissued an “outperform” rating and issued a $1,000.00 price target on shares of NVIDIA in a research note on Tuesday, March 19th. Four investment analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $940.30.

Insiders Place Their Bets

In other news, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the transaction, the director now owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 5,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the completion of the sale, the director now owns 1,119,583 shares of the company’s stock, valued at $896,494,891.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $797.57, for a total value of $7,975,700.00. Following the completion of the transaction, the director now directly owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,278 shares of company stock valued at $52,689,898. Insiders own 3.99% of the company’s stock.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $824.23 on Wednesday. The business has a 50-day simple moving average of $848.22 and a two-hundred day simple moving average of $629.87. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17. The firm has a market cap of $2.06 trillion, a price-to-earnings ratio of 69.03, a price-to-earnings-growth ratio of 1.09 and a beta of 1.73. NVIDIA Co. has a fifty-two week low of $262.25 and a fifty-two week high of $974.00.

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

NVIDIA Dividend Announcement

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

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.