Aire Advisors LLC Has $7.65 Million Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Aire Advisors LLC lifted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 29.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,938 shares of the computer hardware maker's stock after purchasing an additional 12,839 shares during the quarter. NVIDIA makes up about 1.6% of Aire Advisors LLC's holdings, making the stock its 16th biggest position. Aire Advisors LLC's holdings in NVIDIA were worth $7,646,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Baxter Bros Inc. increased its stake in shares of NVIDIA by 13.1% during the 4th quarter. Baxter Bros Inc. now owns 6,239 shares of the computer hardware maker's stock worth $838,000 after purchasing an additional 723 shares during the last quarter. Bay Capital Advisors LLC acquired a new position in shares of NVIDIA during the 4th quarter worth $1,620,000. Potentia Wealth acquired a new position in shares of NVIDIA during the 4th quarter worth $6,596,000. PKS Advisory Services LLC acquired a new position in shares of NVIDIA during the 4th quarter worth $3,394,000. Finally, Prestige Wealth Management Group LLC increased its stake in shares of NVIDIA by 14.1% during the 4th quarter. Prestige Wealth Management Group LLC now owns 56,365 shares of the computer hardware maker's stock worth $7,569,000 after purchasing an additional 6,965 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Stock Down 2.0 %

NASDAQ NVDA opened at $108.76 on Tuesday. The firm has a market cap of $2.65 trillion, a PE ratio of 42.80, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a one year low of $81.25 and a one year high of $195.95. The stock's 50 day simple moving average is $112.60 and its 200 day simple moving average is $128.76. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.05. The business had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. As a group, sell-side analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were given a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. NVIDIA's payout ratio is 1.36%.

Analysts Set New Price Targets

NVDA has been the topic of a number of research analyst reports. DA Davidson lowered their target price on shares of NVIDIA from $125.00 to $120.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Needham & Company LLC reiterated a "buy" rating and issued a $160.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Mizuho lowered their target price on shares of NVIDIA from $175.00 to $168.00 and set an "outperform" rating on the stock in a research note on Friday, March 14th. Susquehanna reiterated a "positive" rating and issued a $180.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Hsbc Global Res lowered shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Six analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA currently has a consensus rating of "Moderate Buy" and an average price target of $164.96.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the transaction, the director now directly owns 53,208 shares in the company, valued at approximately $6,300,891.36. This trade represents a 27.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Colette Kress sold 66,660 shares of the 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 in the company, valued at $360,509,924.95. The trade was a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 147,147 shares of company stock worth $17,133,207. Insiders own 4.23% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.