Milestone Resources Group Ltd Boosts Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Milestone Resources Group Ltd boosted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,396,847 shares of the computer hardware maker’s stock after buying an additional 8,992 shares during the quarter. NVIDIA makes up 15.1% of Milestone Resources Group Ltd’s portfolio, making the stock its largest position. Milestone Resources Group Ltd’s holdings in NVIDIA were worth $456,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Lindenwold Advisors INC increased its position in shares of NVIDIA by 33.8% during the fourth quarter. Lindenwold Advisors INC now owns 45,628 shares of the computer hardware maker’s stock worth $6,127,000 after acquiring an additional 11,516 shares during the period. Generali Investments Management Co LLC bought a new position in NVIDIA in the fourth quarter worth approximately $22,559,000. GM Advisory Group LLC grew its stake in NVIDIA by 0.4% in the fourth quarter. GM Advisory Group LLC now owns 250,714 shares of the computer hardware maker’s stock worth $33,668,000 after purchasing an additional 1,077 shares in the last quarter. Harvest Fund Management Co. Ltd increased its holdings in NVIDIA by 19.8% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 1,227,710 shares of the computer hardware maker’s stock worth $164,894,000 after purchasing an additional 203,201 shares during the period. Finally, Koss Olinger Consulting LLC raised its position in NVIDIA by 18.7% during the 4th quarter. Koss Olinger Consulting LLC now owns 63,910 shares of the computer hardware maker’s stock valued at $8,582,000 after purchasing an additional 10,057 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NVDA has been the topic of several research reports. Piper Sandler cut their price target on NVIDIA from $175.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Rosenblatt Securities cut their target price on shares of NVIDIA from $220.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Hsbc Global Res lowered shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 3rd. Needham & Company LLC reiterated a “buy” rating and set a $160.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Susquehanna reissued a “positive” rating and issued a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Six equities research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and an average price target of $165.01.

Insider Transactions at NVIDIA

In related news, Director John Dabiri sold 2,663 shares of the stock in a transaction on Monday, March 10th. The shares were 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 of the company’s stock, valued at approximately $1,900,690. This represents a 13.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA 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 completion of the transaction, the insider now directly owns 479,428 shares of the company’s stock, valued at $55,997,190.40. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,147 shares of company stock worth $17,133,207 over the last quarter. 4.23% of the stock is currently owned by insiders.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $102.67 on Thursday. NVIDIA Co. has a 52 week low of $78.22 and a 52 week high of $195.95. The business’s 50 day moving average price is $114.42 and its 200 day moving average price is $129.31. 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 firm has a market cap of $2.51 trillion, a P/E ratio of 40.41, a P/E/G ratio of 1.76 and a beta of 1.96.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating the consensus estimate of $0.84 by $0.05. The business had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. On average, sell-side 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. Shareholders of record on Wednesday, March 12th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. NVIDIA’s payout ratio is currently 1.36%.

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.