NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Latitude Advisors LLC

Latitude Advisors LLC grew its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,774 shares of the computer hardware maker’s stock after purchasing an additional 36 shares during the quarter. Latitude Advisors LLC’s holdings in NVIDIA were worth $879,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Moody Lynn & Lieberson LLC boosted its holdings in NVIDIA by 7.2% during the third quarter. Moody Lynn & Lieberson LLC now owns 89,053 shares of the computer hardware maker’s stock worth $38,737,000 after buying an additional 5,998 shares in the last quarter. TrueMark Investments LLC acquired a new stake in shares of NVIDIA during the 4th quarter valued at $2,639,000. McLean Asset Management Corp boosted its stake in shares of NVIDIA by 11.7% during the 4th quarter. McLean Asset Management Corp now owns 1,773 shares of the computer hardware maker’s stock worth $871,000 after acquiring an additional 186 shares in the last quarter. Cornercap Investment Counsel Inc. grew its holdings in shares of NVIDIA by 5.7% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 3,900 shares of the computer hardware maker’s stock worth $1,931,000 after acquiring an additional 209 shares during the last quarter. Finally, Shilanski & Associates Inc. raised its position in shares of NVIDIA by 15.9% during the fourth quarter. Shilanski & Associates Inc. now owns 2,983 shares of the computer hardware maker’s stock worth $1,477,000 after purchasing an additional 410 shares during the period. Institutional investors own 65.27% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. KeyCorp increased their price target on NVIDIA from $1,100.00 to $1,200.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Wedbush reiterated an “outperform” rating and issued a $1,000.00 target price on shares of NVIDIA in a report on Tuesday, March 19th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $910.00 price objective on shares of NVIDIA in a research note on Wednesday, March 20th. JPMorgan Chase & Co. raised their price objective on NVIDIA from $650.00 to $850.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Finally, Raymond James boosted their price target on shares of NVIDIA from $850.00 to $1,100.00 and gave the company a “strong-buy” rating in a report on Thursday, April 11th. Four analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and an average target price of $940.30.

Insider Buying and Selling at NVIDIA

In other news, Director John Dabiri sold 128 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $940.00, for a total transaction of $120,320.00. Following the completion of the transaction, the director now directly owns 2,055 shares in the company, valued at approximately $1,931,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director John Dabiri sold 128 shares of the business’s stock in a transaction on 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 owns 2,055 shares of the company’s stock, valued at approximately $1,931,700. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mark A. Stevens sold 5,000 shares of the business’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 value of $4,003,700.00. Following the completion of the transaction, the director now owns 1,119,583 shares of the company’s stock, valued at $896,494,891.42. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,278 shares of company stock valued at $52,689,898. 3.99% of the stock is currently owned by company insiders.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA opened at $826.32 on Friday. The business has a fifty day moving average of $851.37 and a 200-day moving average of $632.39. The firm has a market cap of $2.07 trillion, a PE ratio of 69.21, a price-to-earnings-growth ratio of 1.14 and a beta of 1.73. 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 $266.25 and a twelve month high of $974.00.

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

NVIDIA Announces Dividend

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