NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,403,752 shares of the computer hardware maker’s stock after acquiring an additional 19,396 shares during the period. NVIDIA makes up approximately 2.7% of Zurcher Kantonalbank Zurich Cantonalbank’s investment portfolio, making the stock its 4th largest position. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in NVIDIA were worth $695,166,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. LFA Lugano Financial Advisors SA purchased a new position in NVIDIA in the 4th quarter valued at about $28,000. Your Advocates Ltd. LLP purchased a new position in NVIDIA in the 3rd quarter valued at about $30,000. O Brien Wealth Partners LLC lifted its holdings in NVIDIA by 139.5% in the 4th quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock valued at $45,000 after purchasing an additional 53 shares in the last quarter. Trivant Custom Portfolio Group LLC lifted its holdings in NVIDIA by 44.1% in the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock valued at $43,000 after purchasing an additional 30 shares in the last quarter. Finally, Beacon Capital Management Inc. purchased a new position in NVIDIA in the 4th quarter valued at about $50,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $900.00 price objective on shares of NVIDIA in a research note on Monday, March 4th. Bank of America upped their price objective on shares of NVIDIA from $925.00 to $1,100.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. JPMorgan Chase & Co. upped their price objective on shares of NVIDIA from $650.00 to $850.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Evercore ISI assumed coverage on shares of NVIDIA in a research note on Tuesday, April 16th. They set an “outperform” rating and a $1,160.00 price objective for the company. Finally, Jefferies Financial Group upped their price objective on shares of NVIDIA from $610.00 to $780.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Four research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $940.30.

NVIDIA Trading Down 3.3 %

Shares of NASDAQ:NVDA opened at $796.77 on Thursday. NVIDIA Co. has a twelve month low of $262.25 and a twelve month high of $974.00. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. The firm has a market cap of $1.99 trillion, a P/E ratio of 66.73, a P/E/G ratio of 1.14 and a beta of 1.73. The company has a 50 day moving average of $849.38 and a 200-day moving average of $631.03.

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

NVIDIA Announces Dividend

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

Insider Transactions at NVIDIA

In related news, Director Mark A. Stevens sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were 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 directly owns 1,119,583 shares in the company, valued at $896,494,891.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Donald F. Robertson, Jr. sold 450 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total transaction of $410,229.00. Following the sale, the insider now directly owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 5,000 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $800.74, for a total value of $4,003,700.00. Following the sale, the director now directly owns 1,119,583 shares in the company, valued at $896,494,891.42. The disclosure for this sale can be found here. Insiders have sold 61,278 shares of company stock valued at $52,689,898 in the last quarter. Insiders own 3.99% of the company’s stock.

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.