NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Laffer Tengler Investments Inc.

Laffer Tengler Investments Inc. grew its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 26.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,004 shares of the computer hardware maker's stock after buying an additional 7,217 shares during the quarter. Laffer Tengler Investments Inc.'s holdings in NVIDIA were worth $4,701,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in NVDA. Tacita Capital Inc purchased a new stake in shares of NVIDIA during the fourth quarter worth approximately $28,000. Legend Financial Advisors Inc. acquired a new stake in NVIDIA during the 4th quarter worth $34,000. Luken Investment Analytics LLC acquired a new stake in NVIDIA during the 4th quarter worth $40,000. Lowe Wealth Advisors LLC purchased a new stake in shares of NVIDIA during the fourth quarter worth $46,000. Finally, 1620 Investment Advisors Inc. raised its position in shares of NVIDIA by 145.9% in the third quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker's stock valued at $51,000 after buying an additional 248 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director John Dabiri sold 2,663 shares of NVIDIA 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 transaction, the director now directly owns 17,279 shares in the company, valued at approximately $1,900,690. The trade was a 13.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the transaction, the insider now owns 479,428 shares in the company, valued at approximately $55,997,190.40. This trade represents a 0.93 % 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. Corporate insiders own 4.23% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on NVDA shares. DA Davidson lowered their price target on shares of NVIDIA from $135.00 to $125.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. Mizuho lowered their target price on NVIDIA from $175.00 to $168.00 and set an "outperform" rating on the stock in a report on Friday, March 14th. Truist Financial increased their price target on NVIDIA from $204.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, February 27th. TD Cowen lowered their price objective on NVIDIA from $175.00 to $140.00 and set a "buy" rating on the stock in a research note on Wednesday. Finally, Tigress Financial reaffirmed a "buy" rating on shares of NVIDIA in a research note on Wednesday, February 26th. Six research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $168.39.

NVIDIA Stock Up 3.1 %

NASDAQ NVDA traded up $3.36 during trading on Friday, reaching $110.93. 312,748,883 shares of the company's stock were exchanged, compared to its average volume of 314,306,813. The company has a 50 day moving average price of $118.95 and a two-hundred day moving average price of $130.40. The stock has a market cap of $2.71 trillion, a P/E ratio of 43.66, a price-to-earnings-growth 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. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.

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, 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 firm had revenue of $39.33 billion during the quarter, compared to analysts' expectations of $38.16 billion. On average, equities research analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors 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 dividend payout ratio (DPR) is presently 1.36%.

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.