LA Financiere DE L Echiquier Acquires 50,381 Shares of NVIDIA Co. (NASDAQ:NVDA)

LA Financiere DE L Echiquier grew its holdings in NVIDIA Co. (NASDAQ:NVDA) by 23.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 262,132 shares of the computer hardware maker’s stock after buying an additional 50,381 shares during the period. NVIDIA comprises about 6.0% of LA Financiere DE L Echiquier’s portfolio, making the stock its 3rd biggest holding. LA Financiere DE L Echiquier’s holdings in NVIDIA were worth $129,813,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. LFA Lugano Financial Advisors SA acquired a new position in NVIDIA during the fourth quarter valued at approximately $28,000. Peoples Financial Services CORP. bought a new stake in shares of NVIDIA in the third quarter valued at approximately $30,000. Your Advocates Ltd. LLP bought a new stake in shares of NVIDIA in the third quarter valued at approximately $30,000. Quarry LP bought a new stake in shares of NVIDIA in the first quarter valued at approximately $34,000. Finally, Compass Wealth Management LLC bought a new stake in shares of NVIDIA in the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NVDA shares. Deutsche Bank Aktiengesellschaft increased their price objective on NVIDIA from $720.00 to $850.00 and gave the company a “hold” rating in a research report on Wednesday, March 20th. DA Davidson raised their target price on NVIDIA from $410.00 to $620.00 and gave the stock a “neutral” rating in a research report on Thursday, February 22nd. Truist Financial raised their target price on NVIDIA from $911.00 to $1,177.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Bank of America raised their target price on NVIDIA from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Finally, Needham & Company LLC raised their target price on NVIDIA from $600.00 to $850.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Four analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, NVIDIA has a consensus rating of “Moderate Buy” and a consensus target price of $926.30.

NVIDIA Price Performance

Shares of NVDA opened at $860.01 on Tuesday. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. NVIDIA Co. has a 1 year low of $262.25 and a 1 year high of $974.00. The stock has a market cap of $2.15 trillion, a P/E ratio of 72.03, a price-to-earnings-growth ratio of 1.27 and a beta of 1.73. The stock’s 50-day moving average price is $834.27 and its two-hundred day moving average price is $613.81.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.40 billion. During the same quarter last year, the business earned $0.65 earnings per share. The company’s revenue was up 265.3% compared to the same quarter last year. On average, equities analysts predict that NVIDIA Co. will post 22.45 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. The ex-dividend date of this dividend was Tuesday, March 5th. NVIDIA’s dividend payout ratio (DPR) is presently 1.34%.

Insider Activity

In other news, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $911.62, for a total transaction of $410,229.00. Following the transaction, the insider now owns 49,815 shares in the company, valued at approximately $45,412,350.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director John Dabiri sold 128 shares of NVIDIA stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $940.00, for a total transaction of $120,320.00. Following the transaction, the director now owns 2,055 shares in the company, valued at approximately $1,931,700. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $911.62, for a total value of $410,229.00. Following the transaction, the insider now owns 49,815 shares in the company, valued at approximately $45,412,350.30. The disclosure for this sale can be found here. Insiders have sold 61,278 shares of company stock worth $52,689,898 in the last 90 days. Corporate insiders own 3.99% of the company’s stock.

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.