RD Lewis Holdings Inc. Invests $2.40 Million in NVIDIA Co. (NASDAQ:NVDA)

RD Lewis Holdings Inc. acquired a new position in NVIDIA Co. (NASDAQ:NVDA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,477 shares of the computer hardware maker’s stock, valued at approximately $2,399,000. NVIDIA makes up approximately 2.7% of RD Lewis Holdings Inc.’s investment portfolio, making the stock its 8th largest position.

Several other hedge funds have also recently bought and sold shares of NVDA. Hickory Point Bank & Trust bought a new stake in NVIDIA during the fourth quarter worth approximately $2,272,000. Capital Performance Advisors LLP boosted its holdings in shares of NVIDIA by 59.3% during the 4th quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker’s stock worth $3,586,000 after buying an additional 9,944 shares during the period. Ethos Financial Group LLC grew its stake in NVIDIA by 24.1% in the 4th quarter. Ethos Financial Group LLC now owns 32,092 shares of the computer hardware maker’s stock valued at $4,312,000 after buying an additional 6,241 shares during the last quarter. Metis Global Partners LLC lifted its position in NVIDIA by 3.6% during the 4th quarter. Metis Global Partners LLC now owns 1,464,826 shares of the computer hardware maker’s stock worth $196,711,000 after acquiring an additional 50,978 shares during the last quarter. Finally, Candriam S.C.A. boosted its holdings in NVIDIA by 0.5% during the fourth quarter. Candriam S.C.A. now owns 7,061,058 shares of the computer hardware maker’s stock valued at $948,229,000 after acquiring an additional 35,684 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NVIDIA

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $525,600.00. Following the completion of the transaction, the insider now owns 479,428 shares in the company, valued at $55,997,190.40. This represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Aarti S. Shah sold 20,000 shares of the firm’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the sale, the director now owns 53,208 shares in the company, valued at approximately $6,300,891.36. The trade was a 27.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 147,147 shares of company stock valued at $17,133,207. Company insiders own 4.23% of the company’s stock.

Wall Street Analysts Forecast Growth

NVDA has been the subject of several recent analyst reports. Wedbush restated an “outperform” rating and set a $175.00 target price on shares of NVIDIA in a research note on Wednesday, April 16th. Cantor Fitzgerald reiterated an “overweight” rating and set a $200.00 target price on shares of NVIDIA in a research note on Wednesday, April 16th. Truist Financial boosted their price objective on shares of NVIDIA from $204.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. HSBC downgraded NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 target price on the stock. in a research report on Thursday, April 3rd. Finally, William Blair reissued an “outperform” rating on shares of NVIDIA in a report on Thursday, March 20th. Six analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $165.51.

NVIDIA Trading Down 4.5 %

NASDAQ:NVDA opened at $96.91 on Tuesday. The firm has a market capitalization of $2.36 trillion, a price-to-earnings ratio of 38.14, a PEG ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a 1-year low of $76.40 and a 1-year high of $195.95. The business’s 50-day moving average price is $115.87 and its two-hundred day moving average price is $129.71. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data 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. The firm had revenue of $39.33 billion during the quarter, compared to analysts’ expectations of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. On average, equities analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

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.