Prosperity Advisers LLC Takes Position in NVIDIA Corporation $NVDA

Prosperity Advisers LLC acquired a new stake in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,437 shares of the computer hardware maker’s stock, valued at approximately $1,201,000. NVIDIA comprises about 1.0% of Prosperity Advisers LLC’s holdings, making the stock its 13th largest holding.

Several other large investors also recently bought and sold shares of NVDA. Joule Financial LLC lifted its position in NVIDIA by 2.2% during the third quarter. Joule Financial LLC now owns 2,308 shares of the computer hardware maker’s stock valued at $431,000 after purchasing an additional 50 shares during the period. Presidio Capital Management LLC lifted its holdings in NVIDIA by 0.4% in the fourth quarter. Presidio Capital Management LLC now owns 15,137 shares of the computer hardware maker’s stock valued at $2,823,000 after acquiring an additional 53 shares during the period. Vision Financial Markets LLC boosted its position in NVIDIA by 1.2% in the third quarter. Vision Financial Markets LLC now owns 4,640 shares of the computer hardware maker’s stock worth $866,000 after purchasing an additional 53 shares during the last quarter. IMG Wealth Management Inc. grew its stake in shares of NVIDIA by 1.4% during the 3rd quarter. IMG Wealth Management Inc. now owns 3,820 shares of the computer hardware maker’s stock valued at $713,000 after purchasing an additional 54 shares during the period. Finally, Cyr Financial Inc. grew its stake in shares of NVIDIA by 0.7% during the 3rd quarter. Cyr Financial Inc. now owns 7,737 shares of the computer hardware maker’s stock valued at $1,444,000 after purchasing an additional 54 shares during the period. 65.27% of the stock is currently owned by institutional investors.

Key Stories Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

NVIDIA Trading Up 0.0%

NVIDIA stock opened at $208.28 on Monday. NVIDIA Corporation has a 12-month low of $104.08 and a 12-month high of $212.19. The firm has a market capitalization of $5.06 trillion, a price-to-earnings ratio of 42.51, a P/E/G ratio of 0.69 and a beta of 2.34. The firm has a 50 day moving average of $184.84 and a 200 day moving average of $185.52. The company has a current ratio of 3.91, a quick ratio of 3.24 and a debt-to-equity ratio of 0.05.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.08. The business had revenue of $68.13 billion for the quarter, compared to the consensus estimate of $65.56 billion. NVIDIA had a net margin of 55.60% and a return on equity of 97.37%. The company’s revenue for the quarter was up 73.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.89 earnings per share. As a group, research analysts predict that NVIDIA Corporation will post 7.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th were paid a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA’s payout ratio is 0.82%.

Insider Buying and Selling

In other news, Director Mark A. Stevens sold 221,682 shares of the business’s stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $173.68, for a total value of $38,501,729.76. Following the transaction, the director directly owned 7,399,771 shares in the company, valued at $1,285,192,227.28. The trade was a 2.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Dabiri sold 3,004 shares of the company’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $184.90, for a total value of $555,439.60. Following the completion of the transaction, the director directly owned 14,788 shares of the company’s stock, valued at approximately $2,734,301.20. This trade represents a 16.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 953,976 shares of company stock worth $171,173,819 in the last three months. Corporate insiders own 4.17% of the company’s stock.

Analyst Ratings Changes

NVDA has been the topic of several recent research reports. Mizuho set a $275.00 price objective on shares of NVIDIA and gave the stock an “outperform” rating in a research note on Friday, January 9th. Robert W. Baird boosted their target price on shares of NVIDIA from $275.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, February 26th. Sanford C. Bernstein reaffirmed a “buy” rating on shares of NVIDIA in a report on Friday, April 17th. Wall Street Zen downgraded shares of NVIDIA from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Finally, Needham & Company LLC reiterated a “buy” rating and set a $240.00 price target on shares of NVIDIA in a research note on Wednesday, March 18th. Four investment analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, NVIDIA has a consensus rating of “Buy” and a consensus price target of $275.25.

View Our Latest Research Report on NVIDIA

About NVIDIA

(Free Report)

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

Featured Stories

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.