AIA Group Ltd Raises Position in NVIDIA Co. (NASDAQ:NVDA)

AIA Group Ltd grew its position in NVIDIA Co. (NASDAQ:NVDA) by 12.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 439,496 shares of the computer hardware maker’s stock after acquiring an additional 48,681 shares during the period. NVIDIA accounts for 1.4% of AIA Group Ltd’s portfolio, making the stock its 10th largest holding. AIA Group Ltd’s holdings in NVIDIA were worth $59,020,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Everstar Asset Management LLC grew its holdings in NVIDIA by 12.6% during the 4th quarter. Everstar Asset Management LLC now owns 7,303 shares of the computer hardware maker’s stock worth $981,000 after acquiring an additional 815 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of NVIDIA by 9.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 2,395,889 shares of the computer hardware maker’s stock worth $321,744,000 after purchasing an additional 199,251 shares in the last quarter. Delos Wealth Advisors LLC grew its stake in shares of NVIDIA by 134.8% during the fourth quarter. Delos Wealth Advisors LLC now owns 493 shares of the computer hardware maker’s stock valued at $66,000 after purchasing an additional 283 shares during the last quarter. Prevail Innovative Wealth Advisors LLC raised its position in NVIDIA by 36.6% in the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 46,918 shares of the computer hardware maker’s stock worth $6,301,000 after purchasing an additional 12,560 shares during the last quarter. Finally, Walled Lake Planning & Wealth Management LLC lifted its holdings in NVIDIA by 5.2% during the 4th quarter. Walled Lake Planning & Wealth Management LLC now owns 3,064 shares of the computer hardware maker’s stock worth $411,000 after buying an additional 152 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $114.50 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The firm has a market cap of $2.79 trillion, a price-to-earnings ratio of 45.06, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. The stock’s 50-day moving average is $110.85 and its 200-day moving average is $128.19. NVIDIA Co. has a one year low of $86.62 and a one year high of $195.95.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $38.16 billion. Equities analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were paid a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s payout ratio is currently 1.36%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NVDA. Cantor Fitzgerald reissued an “overweight” rating and issued a $200.00 target price on shares of NVIDIA in a research note on Wednesday, April 16th. Truist Financial boosted their price objective on NVIDIA from $204.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Bank of America reduced their target price on shares of NVIDIA from $200.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Rosenblatt Securities dropped their price target on shares of NVIDIA from $220.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. Finally, Hsbc Global Res cut shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and an average target price of $164.96.

Insiders Place Their Bets

In related news, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 53,208 shares of the company’s stock, valued at approximately $6,300,891.36. This represents a 27.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John Dabiri sold 2,663 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the transaction, the director now 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 disclosure for this sale can be found here. Insiders have sold 147,147 shares of company stock valued at $17,133,207 in the last three months. 4.23% of the stock is currently owned by corporate insiders.

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.