Fisher Asset Management LLC Purchases 1,618,672 Shares of NVIDIA Co. (NASDAQ:NVDA)

Fisher Asset Management LLC boosted its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 1.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 98,339,379 shares of the computer hardware maker's stock after acquiring an additional 1,618,672 shares during the period. NVIDIA accounts for 5.3% of Fisher Asset Management LLC's portfolio, making the stock its 2nd largest holding. Fisher Asset Management LLC owned approximately 0.40% of NVIDIA worth $13,205,995,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Legend Financial Advisors Inc. purchased a new stake in NVIDIA during the fourth quarter valued at $34,000. Luken Investment Analytics LLC purchased a new stake in shares of NVIDIA during the 4th quarter valued at about $40,000. Lowe Wealth Advisors LLC bought a new position in shares of NVIDIA in the 4th quarter valued at about $46,000. 1620 Investment Advisors Inc. grew its position in NVIDIA by 145.9% in the third quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker's stock worth $51,000 after acquiring an additional 248 shares in the last quarter. Finally, Gleason Group Inc. increased its stake in NVIDIA by 52.9% during the fourth quarter. Gleason Group Inc. now owns 428 shares of the computer hardware maker's stock worth $58,000 after acquiring an additional 148 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Price Performance

NVIDIA stock traded up $3.33 during trading on Monday, reaching $97.64. The company had a trading volume of 605,975,624 shares, compared to its average volume of 313,976,024. The firm's 50-day simple moving average is $121.20 and its 200 day simple moving average is $131.19. NVIDIA Co. has a 1-year low of $75.61 and a 1-year high of $195.95. The firm has a market capitalization of $2.38 trillion, a PE ratio of 38.43, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.

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

NVIDIA Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on NVDA shares. Morgan Stanley set a $162.00 target price on NVIDIA and gave the company an "overweight" rating in a research report on Wednesday, March 19th. KeyCorp set a $190.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Rosenblatt Securities reaffirmed a "buy" rating and set a $220.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Mizuho dropped their target price on NVIDIA from $175.00 to $168.00 and set an "outperform" rating for the company in a research report on Friday, March 14th. Finally, Hsbc Global Res downgraded shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday. Six investment analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, NVIDIA currently has a consensus rating of "Moderate Buy" and a consensus target price of $169.89.

Insider Buying and Selling

In other news, Director Robert K. Burgess sold 53,324 shares of the company's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the transaction, the director now owns 251,044 shares in the company, valued at approximately $28,993,071.56. This represents a 17.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Colette Kress sold 66,660 shares of the company's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the sale, the chief financial officer now owns 3,085,765 shares of the company's stock, valued at approximately $360,509,924.95. This trade represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 147,147 shares of company stock worth $17,133,207. Company insiders own 4.23% 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.