NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by Essential Planning LLC.

Essential Planning LLC. grew its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 1,271.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,177 shares of the computer hardware maker's stock after purchasing an additional 83,603 shares during the quarter. Essential Planning LLC.'s holdings in NVIDIA were worth $12,300,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of NVDA. Forge First Asset Management Inc. boosted its stake in NVIDIA by 219.9% during the 4th quarter. Forge First Asset Management Inc. now owns 7,710 shares of the computer hardware maker's stock worth $1,035,000 after purchasing an additional 5,300 shares during the last quarter. Liberty Wealth Management LLC boosted its position in NVIDIA by 5.2% during the fourth quarter. Liberty Wealth Management LLC now owns 98,532 shares of the computer hardware maker's stock worth $13,232,000 after acquiring an additional 4,862 shares during the last quarter. Great Lakes Advisors LLC grew its stake in NVIDIA by 4.7% during the 4th quarter. Great Lakes Advisors LLC now owns 1,262,357 shares of the computer hardware maker's stock valued at $169,522,000 after acquiring an additional 57,024 shares in the last quarter. Westchester Capital Management Inc. raised its holdings in NVIDIA by 247.3% in the 4th quarter. Westchester Capital Management Inc. now owns 11,235 shares of the computer hardware maker's stock valued at $1,509,000 after acquiring an additional 8,000 shares during the last quarter. Finally, Truvestments Capital LLC lifted its stake in NVIDIA by 1.1% in the 4th quarter. Truvestments Capital LLC now owns 174,511 shares of the computer hardware maker's stock worth $23,435,000 after purchasing an additional 1,924 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Stock Performance

NVDA traded down $3.16 on Friday, hitting $101.33. 290,593,259 shares of the company traded hands, compared to its average volume of 312,556,411. The company has a 50 day moving average of $117.19 and a 200-day moving average of $129.89. NVIDIA Co. has a 12-month low of $75.61 and a 12-month high of $195.95. The stock has a market capitalization of $2.47 trillion, a PE ratio of 39.88, a PEG ratio of 1.76 and a beta of 1.96. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued 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. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. Sell-side analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

Wall Street Analyst Weigh In

NVDA has been the topic of a number of recent research reports. Tigress Financial reissued a "buy" rating on shares of NVIDIA in a research note on Wednesday, February 26th. Raymond James reaffirmed a "strong-buy" rating on shares of NVIDIA in a research report on Wednesday. DZ Bank raised NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. Wedbush reissued an "outperform" rating and set a $175.00 price target on shares of NVIDIA in a research report on Wednesday. Finally, Benchmark restated a "buy" rating and issued a $190.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Six investment analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and an average price target of $165.51.

Insider Activity at NVIDIA

In other news, Director Robert K. Burgess sold 53,324 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the completion of the transaction, the director now directly owns 251,044 shares of the company's stock, valued at $28,993,071.56. This trade represents a 17.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John Dabiri sold 2,663 shares of the company's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the sale, the director now owns 17,279 shares in the company, valued at $1,900,690. This represents a 13.35 % decrease in their ownership of the stock. 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. Company 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.