NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by West Paces Advisors Inc.

West Paces Advisors Inc. raised its position in NVIDIA Co. (NASDAQ:NVDA) by 4.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 955 shares of the computer hardware maker’s stock after acquiring an additional 39 shares during the period. West Paces Advisors Inc.’s holdings in NVIDIA were worth $473,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. LFA Lugano Financial Advisors SA acquired a new stake in shares of NVIDIA in the 4th quarter worth $28,000. Your Advocates Ltd. LLP acquired a new stake in shares of NVIDIA in the 3rd quarter worth $30,000. Trivant Custom Portfolio Group LLC lifted its stake in shares of NVIDIA by 44.1% in the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock worth $43,000 after acquiring an additional 30 shares during the period. O Brien Wealth Partners LLC lifted its stake in shares of NVIDIA by 139.5% in the 4th quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock worth $45,000 after acquiring an additional 53 shares during the period. Finally, Beacon Capital Management Inc. acquired a new stake in shares of NVIDIA in the 4th quarter worth $50,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analyst Ratings Changes

NVDA has been the subject of several recent analyst reports. Raymond James raised their price objective on shares of NVIDIA from $850.00 to $1,100.00 and gave the company a “strong-buy” rating in a research note on Thursday, April 11th. Wedbush reiterated an “outperform” rating and issued a $1,000.00 price objective on shares of NVIDIA in a research note on Tuesday, March 19th. Wells Fargo & Company raised their price objective on shares of NVIDIA from $840.00 to $970.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Argus raised their price objective on shares of NVIDIA from $850.00 to $950.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Finally, Loop Capital initiated coverage on shares of NVIDIA in a research note on Friday, February 16th. They issued a “buy” rating and a $1,200.00 price objective for the company. Four research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA has an average rating of “Moderate Buy” and a consensus target price of $940.30.

NVIDIA Stock Down 3.3 %

Shares of NASDAQ:NVDA opened at $796.77 on Thursday. The stock’s 50-day moving average price is $849.38 and its two-hundred day moving average price is $631.03. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. NVIDIA Co. has a 12-month low of $262.25 and a 12-month high of $974.00. The firm has a market cap of $1.99 trillion, a price-to-earnings ratio of 66.73, a PEG ratio of 1.14 and a beta of 1.73.

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, topping analysts’ consensus estimates of $4.21 by $0.95. The firm had revenue of $22.10 billion for 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 earned $0.65 EPS. On average, research analysts forecast that NVIDIA Co. will post 22.55 EPS for the current year.

NVIDIA Dividend Announcement

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

Insider Activity

In other news, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $911.62, for a total value of $410,229.00. Following the transaction, the insider now directly owns 49,815 shares of the company’s stock, valued at approximately $45,412,350.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $911.62, for a total value of $410,229.00. Following the transaction, the insider now directly owns 49,815 shares of the company’s stock, valued at approximately $45,412,350.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Dabiri sold 128 shares of NVIDIA stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $940.00, for a total value of $120,320.00. Following the completion of the transaction, the director now directly owns 2,055 shares in the company, valued at $1,931,700. 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 three months. Corporate insiders own 3.99% of the company’s stock.

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.