NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by Maia Wealth LLC

Maia Wealth LLC boosted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 15.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,471 shares of the computer hardware maker’s stock after acquiring an additional 1,964 shares during the period. Maia Wealth LLC’s holdings in NVIDIA were worth $1,943,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its position in shares of NVIDIA by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 546,079,492 shares of the computer hardware maker’s stock worth $66,101,133,000 after purchasing an additional 11,525,969 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in NVIDIA by 3.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 180,403,789 shares of the computer hardware maker’s stock worth $21,908,236,000 after purchasing an additional 6,526,200 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of NVIDIA by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 146,069,090 shares of the computer hardware maker’s stock worth $17,738,630,000 after buying an additional 2,042,348 shares during the period. Fisher Asset Management LLC grew its stake in shares of NVIDIA by 1.7% in the fourth quarter. Fisher Asset Management LLC now owns 98,339,379 shares of the computer hardware maker’s stock valued at $13,205,995,000 after buying an additional 1,618,672 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of NVIDIA by 0.3% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 63,615,639 shares of the computer hardware maker’s stock valued at $8,542,944,000 after buying an additional 186,761 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the transaction, the insider now directly owns 479,428 shares of the company’s stock, valued at $55,997,190.40. This represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John Dabiri sold 2,663 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the transaction, the director now owns 17,279 shares of the company’s stock, valued at $1,900,690. This represents a 13.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock valued at $17,133,207 over the last quarter. Corporate insiders own 4.23% of the company’s stock.

NVIDIA Stock Performance

Shares of NVDA stock opened at $94.31 on Monday. The stock’s 50-day moving average price is $121.20 and its 200 day moving average price is $131.19. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $2.30 trillion, a PE ratio of 37.12, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a 52-week low of $75.61 and a 52-week high of $195.95.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. As a group, equities research analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA’s dividend payout ratio (DPR) is presently 1.36%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. William Blair reaffirmed an “outperform” rating on shares of NVIDIA in a research report on Thursday, March 20th. Benchmark reaffirmed a “buy” rating and set a $190.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Truist Financial raised their price target on shares of NVIDIA from $204.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Tigress Financial reiterated a “buy” rating on shares of NVIDIA in a research note on Wednesday, February 26th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $220.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Six investment analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $169.89.

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.