NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Wealth Advisors of Iowa LLC

Wealth Advisors of Iowa LLC increased its position in NVIDIA Co. (NASDAQ:NVDA) by 9.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,869 shares of the computer hardware maker’s stock after buying an additional 771 shares during the quarter. NVIDIA comprises about 0.6% of Wealth Advisors of Iowa LLC’s investment portfolio, making the stock its 22nd biggest position. Wealth Advisors of Iowa LLC’s holdings in NVIDIA were worth $1,191,000 at the end of the most recent reporting period.

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

NVIDIA Stock Up 3.6 %

NVDA opened at $106.43 on Friday. The company has a market capitalization of $2.60 trillion, a PE ratio of 41.89, a P/E/G ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a one year low of $78.22 and a one year high of $195.95. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The stock’s fifty day moving average is $113.77 and its 200-day moving average is $129.16.

NVIDIA (NASDAQ:NVDA) last posted its quarterly 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 firm had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. On average, equities analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Insider Buying and Selling

In related news, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $118.42, for a total value of $2,368,400.00. Following the completion of the transaction, the director now owns 53,208 shares of the company’s stock, valued at $6,300,891.36. This represents a 27.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Colette Kress sold 66,660 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief financial officer now directly owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. The trade was a 2.11 % 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 valued at $17,133,207. Company insiders own 4.23% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on NVDA. Cantor Fitzgerald reiterated an “overweight” rating and issued a $200.00 price target on shares of NVIDIA in a report on Wednesday, April 16th. Summit Insights downgraded NVIDIA from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Piper Sandler reduced their price target on NVIDIA from $175.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. DZ Bank raised shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th. Finally, Tigress Financial reissued a “buy” rating on shares of NVIDIA in a research report on Wednesday, February 26th. Six equities research analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $165.01.

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.