Optas LLC Boosts Stake in NVIDIA Co. (NASDAQ:NVDA)

Optas LLC lifted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 17.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 11,030 shares of the computer hardware maker’s stock after purchasing an additional 1,607 shares during the quarter. NVIDIA comprises 1.6% of Optas LLC’s investment portfolio, making the stock its 14th biggest holding. Optas LLC’s holdings in NVIDIA were worth $5,462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of NVDA. LFA Lugano Financial Advisors SA purchased a new stake in NVIDIA during the fourth quarter worth $28,000. Peoples Financial Services CORP. purchased a new stake in NVIDIA during the third quarter worth $30,000. Your Advocates Ltd. LLP purchased a new stake in NVIDIA during the third quarter worth $30,000. Quarry LP purchased a new stake in NVIDIA during the first quarter worth $34,000. Finally, Compass Wealth Management LLC purchased a new stake in NVIDIA during the fourth quarter worth $39,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Cantor Fitzgerald reiterated an “overweight” rating and set a $900.00 target price on shares of NVIDIA in a research report on Monday, March 4th. Truist Financial upped their price objective on NVIDIA from $911.00 to $1,177.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Wells Fargo & Company upped their price objective on NVIDIA from $840.00 to $970.00 and gave the company an “overweight” rating in a research report on Tuesday, March 19th. DA Davidson upped their price objective on NVIDIA from $410.00 to $620.00 and gave the company a “neutral” rating in a research report on Thursday, February 22nd. Finally, Evercore ISI assumed coverage on NVIDIA in a research report on Tuesday. They issued an “outperform” rating and a $1,160.00 price objective on the stock. Four analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $940.30.

NVIDIA Trading Up 1.6 %

NASDAQ:NVDA opened at $874.15 on Wednesday. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average is $838.10 and its two-hundred day moving average is $616.90. NVIDIA Co. has a 52 week low of $262.25 and a 52 week high of $974.00. The company has a market cap of $2.19 trillion, a PE ratio of 73.21, a P/E/G ratio of 1.27 and a beta of 1.73.

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

NVIDIA Dividend Announcement

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

Insider Buying and Selling

In related news, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total value of $410,229.00. Following the sale, the insider now directly owns 49,815 shares in the company, valued at approximately $45,412,350.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director John Dabiri sold 128 shares of NVIDIA stock in a transaction on 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 directly owns 2,055 shares in the company, valued at approximately $1,931,700. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction on 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 $45,412,350.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,278 shares of company stock valued at $52,689,898. Insiders own 3.99% of the company’s stock.

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.