Arkos Global Advisors Purchases 611 Shares of NVIDIA Co. (NASDAQ:NVDA)

Arkos Global Advisors increased its stake in NVIDIA Co. (NASDAQ:NVDA) by 19.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,818 shares of the computer hardware maker’s stock after acquiring an additional 611 shares during the period. Arkos Global Advisors’ holdings in NVIDIA were worth $513,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in NVIDIA during the 4th quarter valued at approximately $43,515,504,000. Proficio Capital Partners LLC grew its stake in shares of NVIDIA by 14,641.2% in the 4th quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker’s stock worth $4,656,682,000 after buying an additional 34,441,082 shares during the last quarter. Capital International Investors grew its stake in shares of NVIDIA by 34.7% in the 4th quarter. Capital International Investors now owns 62,883,868 shares of the computer hardware maker’s stock worth $8,445,182,000 after buying an additional 16,189,550 shares during the last quarter. APG Asset Management N.V. boosted its stake in NVIDIA by 493.2% during the 4th quarter. APG Asset Management N.V. now owns 18,415,785 shares of the computer hardware maker’s stock valued at $2,388,272,000 after purchasing an additional 15,311,330 shares during the last quarter. Finally, GQG Partners LLC lifted its holdings in shares of NVIDIA by 132.3% during the 4th quarter. GQG Partners LLC now owns 25,697,930 shares of the computer hardware maker’s stock valued at $3,450,975,000 after buying an additional 14,636,057 shares during the period. Institutional investors own 65.27% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on NVDA. Seaport Res Ptn raised NVIDIA to a “strong sell” rating in a report on Wednesday, April 30th. Stifel Nicolaus set a $180.00 price target on NVIDIA in a research report on Wednesday, March 19th. Rosenblatt Securities cut their target price on NVIDIA from $220.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Susquehanna reiterated a “positive” rating and issued a $180.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Finally, Needham & Company LLC restated a “buy” rating and set a $160.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, six have assigned 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 MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and a consensus target price of $164.84.

Insider Activity at NVIDIA

In other news, 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 transaction of $292,930.00. Following the completion of the transaction, the director now directly owns 17,279 shares of the company’s stock, valued at $1,900,690. This trade represents a 13.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Aarti S. Shah sold 20,000 shares of the firm’s 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 transaction, the director now directly owns 53,208 shares of the company’s stock, valued at approximately $6,300,891.36. This trade represents a 27.32% 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 over the last quarter. 4.23% of the stock is owned by insiders.

NVIDIA Stock Up 0.1%

NVDA stock opened at $135.57 on Tuesday. The firm has a market cap of $3.32 trillion, a PE ratio of 53.35, a PEG ratio of 1.76 and a beta of 2.11. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Co. has a one year low of $86.62 and a one year high of $195.95. The firm’s 50 day moving average price is $112.73 and its 200-day moving average price is $126.93.

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

NVIDIA Announces Dividend

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

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.