NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Liberty Wealth Management LLC

Liberty Wealth Management LLC boosted its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 5.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 98,532 shares of the computer hardware maker's stock after acquiring an additional 4,862 shares during the period. NVIDIA accounts for approximately 2.2% of Liberty Wealth Management LLC's portfolio, making the stock its 11th largest holding. Liberty Wealth Management LLC's holdings in NVIDIA were worth $13,232,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in NVDA. Great Lakes Advisors LLC boosted its stake in NVIDIA by 4.7% in the 4th quarter. Great Lakes Advisors LLC now owns 1,262,357 shares of the computer hardware maker's stock worth $169,522,000 after purchasing an additional 57,024 shares during the period. Westchester Capital Management Inc. grew its stake in NVIDIA by 247.3% during the fourth 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 in the last quarter. 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. Austin Wealth Management LLC grew its position in shares of NVIDIA by 13.1% during the 4th quarter. Austin Wealth Management LLC now owns 15,403 shares of the computer hardware maker's stock valued at $2,121,000 after purchasing an additional 1,789 shares in the last quarter. Finally, SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new position in shares of NVIDIA in the fourth quarter worth $6,862,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. HSBC downgraded shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 target price on the stock. in a research note on Thursday, April 3rd. Benchmark reaffirmed a "buy" rating and set a $190.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. 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. Needham & Company LLC reissued a "buy" rating and set a $160.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Susquehanna reaffirmed a "positive" rating and issued a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Six analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $165.51.

NVIDIA Price Performance

NVDA traded down $3.16 during trading hours on Friday, hitting $101.33. The company's stock had a trading volume of 290,593,259 shares, compared to its average volume of 312,556,411. NVIDIA Co. has a 12 month low of $75.61 and a 12 month high of $195.95. The stock has a market cap of $2.47 trillion, a price-to-earnings ratio of 39.88, a P/E/G ratio of 1.76 and a beta of 1.96. The business's 50-day moving average price is $117.19 and its 200-day moving average price is $129.89. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS 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 the consensus estimate of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. Sell-side analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were paid a $0.01 dividend. The ex-dividend date 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 is currently 1.36%.

Insider Transactions at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred 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 sale, the insider now owns 479,428 shares of the company's stock, valued at $55,997,190.40. This represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction on Monday, March 10th. The stock was 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 directly owns 17,279 shares of the company's stock, valued at $1,900,690. The trade was a 13.35 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is currently owned by company insiders.

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.