NVIDIA Co. (NASDAQ:NVDA) Position Lifted by Milestone Resources Group Ltd

Milestone Resources Group Ltd increased its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 0.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,396,847 shares of the computer hardware maker's stock after purchasing an additional 8,992 shares during the quarter. NVIDIA makes up approximately 15.1% of Milestone Resources Group Ltd's investment portfolio, making the stock its largest position. Milestone Resources Group Ltd's holdings in NVIDIA were worth $456,163,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. raised its stake in NVIDIA by 0.3% during the third quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker's stock worth $14,650,000 after purchasing an additional 350 shares during the period. Swedbank AB raised its position in shares of NVIDIA by 4.8% during the 3rd quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker's stock valued at $4,965,526,000 after buying an additional 1,868,358 shares during the period. Impax Asset Management Group plc lifted its holdings in NVIDIA by 13.2% in the third quarter. Impax Asset Management Group plc now owns 5,501,589 shares of the computer hardware maker's stock valued at $667,278,000 after acquiring an additional 640,840 shares during the last quarter. Principal Financial Group Inc. grew its position in NVIDIA by 3.7% in the third quarter. Principal Financial Group Inc. now owns 35,627,274 shares of the computer hardware maker's stock worth $4,326,576,000 after acquiring an additional 1,285,897 shares during the period. Finally, Beta Wealth Group Inc. grew its position in NVIDIA by 88.4% in the third quarter. Beta Wealth Group Inc. now owns 21,461 shares of the computer hardware maker's stock worth $2,606,000 after acquiring an additional 10,069 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on NVDA shares. Piper Sandler reaffirmed an "overweight" rating on shares of NVIDIA in a research note on Friday. TD Cowen decreased their target price on shares of NVIDIA from $175.00 to $140.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Susquehanna reiterated a "positive" rating and set a $180.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Citigroup restated a "buy" rating on shares of NVIDIA in a report on Wednesday, April 16th. Finally, Barclays lowered their price objective on shares of NVIDIA from $175.00 to $155.00 and set an "overweight" rating for the company in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, NVIDIA has an average rating of "Moderate Buy" and an average target price of $164.96.

Insiders Place Their Bets

In other news, Director Aarti S. Shah sold 20,000 shares of the business's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the completion of the transaction, the director now directly owns 53,208 shares of the company's stock, valued at $6,300,891.36. The trade was a 27.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the sale, the insider now owns 479,428 shares of the company's stock, valued at approximately $55,997,190.40. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 147,147 shares of company stock worth $17,133,207. 4.23% of the stock is owned by corporate insiders.

NVIDIA Price Performance

NVIDIA stock traded up $4.58 during midday trading on Friday, reaching $111.01. The company's stock had a trading volume of 250,248,639 shares, compared to its average volume of 305,623,412. 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 Co. has a fifty-two week low of $81.25 and a fifty-two week high of $195.95. The firm has a market capitalization of $2.71 trillion, a PE ratio of 43.69, a P/E/G ratio of 1.76 and a beta of 1.96. The stock's 50 day simple moving average is $113.21 and its 200 day simple moving average is $129.01.

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, topping 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 company had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. On average, equities research analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

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.