NVIDIA Co. (NASDAQ:NVDA) Stake Boosted by Elite Life Management LLC

Elite Life Management LLC raised its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,971 shares of the computer hardware maker’s stock after buying an additional 218 shares during the quarter. NVIDIA comprises approximately 5.6% of Elite Life Management LLC’s holdings, making the stock its 6th largest position. Elite Life Management LLC’s holdings in NVIDIA were worth $1,876,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Tacita Capital Inc purchased a new position in NVIDIA during the fourth quarter worth $28,000. Legend Financial Advisors Inc. bought a new stake in shares of NVIDIA in the 4th quarter valued at about $34,000. Vision Financial Markets LLC purchased a new stake in shares of NVIDIA during the fourth quarter valued at about $38,000. Luken Investment Analytics LLC purchased a new stake in shares of NVIDIA during the 4th quarter valued at $40,000. Finally, Lowe Wealth Advisors LLC acquired a new stake in NVIDIA in the 4th quarter worth approximately $46,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on NVDA shares. Tigress Financial reiterated a “buy” rating on shares of NVIDIA in a report on Wednesday, February 26th. Piper Sandler lowered their price objective on NVIDIA from $175.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday. Stifel Nicolaus set a $180.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Wedbush restated an “outperform” rating and set a $175.00 price objective on shares of NVIDIA in a research report on Wednesday. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $200.00 price objective on shares of NVIDIA in a report on Wednesday. Six equities research 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $165.51.

NVIDIA Stock Down 3.0 %

NVIDIA stock opened at $101.33 on Friday. The stock has a 50 day moving average of $117.19 and a two-hundred day moving average of $129.89. NVIDIA Co. has a twelve month low of $75.61 and a twelve month high of $195.95. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 39.88, a PEG ratio of 1.76 and a beta of 1.96.

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

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA’s payout ratio is currently 1.36%.

Insider Buying and Selling at NVIDIA

In related news, CFO Colette Kress sold 66,660 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the transaction, the chief financial officer now directly owns 3,085,765 shares of the company’s stock, valued at approximately $360,509,924.95. The trade was a 2.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction on Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the sale, the director now directly owns 17,279 shares in the company, valued at $1,900,690. This trade represents a 13.35 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 147,147 shares of company stock worth $17,133,207. Insiders own 4.23% 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.