Virtus ETF Advisers LLC Increases Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Virtus ETF Advisers LLC increased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,185 shares of the computer hardware maker’s stock after buying an additional 354 shares during the quarter. Virtus ETF Advisers LLC’s holdings in NVIDIA were worth $1,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NVDA. Norges Bank acquired a new stake in NVIDIA during the 4th quarter worth about $43,515,504,000. Proficio Capital Partners LLC lifted its position in NVIDIA by 14,641.2% during 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 acquiring an additional 34,441,082 shares during the period. Capital International Investors lifted its position in NVIDIA by 34.7% during 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 acquiring an additional 16,189,550 shares during the period. APG Asset Management N.V. lifted its position 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 worth $2,388,272,000 after acquiring an additional 15,311,330 shares during the period. Finally, GQG Partners LLC lifted its position in NVIDIA by 132.3% during the 4th quarter. GQG Partners LLC now owns 25,697,930 shares of the computer hardware maker’s stock worth $3,450,975,000 after acquiring an additional 14,636,057 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Morgan Stanley lowered their target price on NVIDIA from $162.00 to $160.00 and set an “overweight” rating on the stock in a research note on Friday, April 25th. HSBC lowered NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 price objective on the stock. in a research report on Thursday, April 3rd. Susquehanna restated a “positive” rating and issued a $180.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Truist Financial upped their price objective on NVIDIA from $204.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, Seaport Res Ptn upgraded NVIDIA to a “strong sell” rating in a research report on Wednesday, April 30th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $164.84.

Insider Transactions at NVIDIA

In related news, Director John Dabiri sold 2,663 shares of NVIDIA 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 trade represents a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the transaction, the chief financial officer now owns 3,085,765 shares of the company’s stock, valued at approximately $360,509,924.95. This trade represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock worth $17,133,207 over the last ninety days. Company insiders own 4.23% of the company’s stock.

NVIDIA Trading Up 0.1%

NVDA opened at $135.57 on Tuesday. NVIDIA Co. has a one year low of $86.62 and a one year high of $195.95. The stock has a market capitalization of $3.32 trillion, a PE ratio of 53.35, a P/E/G ratio of 1.76 and a beta of 2.11. The business’s 50 day moving average price is $112.73 and its 200 day moving average price is $126.93. 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 (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $38.16 billion. As a group, equities research analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

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.