Alexis Investment Partners LLC Purchases Shares of 10,587 NVIDIA Co. (NASDAQ:NVDA)

Alexis Investment Partners LLC acquired a new position in NVIDIA Co. (NASDAQ:NVDA) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,587 shares of the computer hardware maker’s stock, valued at approximately $1,449,000. NVIDIA accounts for 0.7% of Alexis Investment Partners LLC’s portfolio, making the stock its 23rd biggest holding.

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

Analyst Ratings Changes

A number of brokerages have weighed in on NVDA. Summit Insights cut shares of NVIDIA from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. Tigress Financial reissued a “buy” rating on shares of NVIDIA in a research note on Wednesday, February 26th. Morgan Stanley decreased their price target on shares of NVIDIA from $162.00 to $160.00 and set an “overweight” rating for the company in a research note on Friday, April 25th. TD Cowen decreased their price target on shares of NVIDIA from $175.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Finally, UBS Group decreased their price target on shares of NVIDIA from $180.00 to $175.00 and set a “buy” rating for the company in a research note on Monday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $164.84.

NVIDIA Stock Down 0.4%

Shares of NVIDIA stock opened at $134.83 on Friday. The firm has a market cap of $3.30 trillion, a price-to-earnings ratio of 53.06, a P/E/G ratio of 1.76 and a beta of 2.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA Co. has a 52-week low of $86.62 and a 52-week high of $195.95. The stock has a 50-day simple moving average of $111.80 and a 200-day simple moving average of $127.10.

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

NVIDIA Dividend Announcement

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

Insider Activity at NVIDIA

In other NVIDIA news, Director Aarti S. Shah sold 20,000 shares of the business’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the transaction, the director now owns 53,208 shares of the company’s stock, valued at approximately $6,300,891.36. The trade was a 27.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Dabiri sold 2,663 shares of the business’s stock in a transaction on Monday, March 10th. The stock was 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 directly owns 17,279 shares in the company, valued at approximately $1,900,690. This represents a 13.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock valued at $17,133,207 in the last 90 days. 4.23% of the stock is owned by corporate insiders.

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.