NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC increased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,183,255 shares of the computer hardware maker's stock after purchasing an additional 250,441 shares during the period. NVIDIA accounts for about 2.4% of Commonwealth Equity Services LLC's holdings, making the stock its 3rd biggest holding. Commonwealth Equity Services LLC's holdings in NVIDIA were worth $1,636,089,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of NVDA. Tacita Capital Inc bought a new position in shares of NVIDIA in the 4th quarter worth about $28,000. Legend Financial Advisors Inc. bought a new stake in shares of NVIDIA during the 4th quarter worth $34,000. Vision Financial Markets LLC acquired a new stake in NVIDIA during the 4th quarter valued at $38,000. Luken Investment Analytics LLC acquired a new position in shares of NVIDIA in the fourth quarter worth $40,000. Finally, Lowe Wealth Advisors LLC bought a new position in shares of NVIDIA during the 4th quarter valued at $46,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NVIDIA

In other news, Director John Dabiri sold 2,663 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the transaction, the director now owns 17,279 shares of the company's stock, valued at $1,900,690. This represents a 13.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the business's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $525,600.00. Following the sale, the insider now directly owns 479,428 shares of the company's stock, valued at approximately $55,997,190.40. This trade represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock worth $17,133,207 over the last 90 days. Corporate insiders own 4.23% of the company's stock.

NVIDIA Price Performance

NVDA traded down $3.16 during trading on Friday, reaching $101.33. The company's stock had a trading volume of 290,593,259 shares, compared to its average volume of 312,017,771. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The firm has a fifty day simple moving average of $117.19 and a two-hundred day simple moving average of $129.89. The company has a market cap of $2.47 trillion, a price-to-earnings ratio of 39.88, a PEG ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a 1 year low of $75.61 and a 1 year high of $195.95.

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

NVIDIA Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have weighed in on NVDA shares. Bank of America cut their target price on shares of NVIDIA from $200.00 to $160.00 and set a "buy" rating for the company in a research report on Wednesday. William Blair reissued an "outperform" rating on shares of NVIDIA in a research note on Thursday, March 20th. Morgan Stanley set a $162.00 target price on NVIDIA and gave the stock an "overweight" rating in a research report on Wednesday, March 19th. Rosenblatt Securities reduced their price objective on shares of NVIDIA from $220.00 to $200.00 and set a "buy" rating on the stock in a research note on Wednesday. Finally, Susquehanna restated a "positive" rating and issued a $180.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Six analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $165.51.

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.