NVIDIA Co. (NASDAQ:NVDA) is WP Advisors LLC's 10th Largest Position

WP Advisors LLC increased its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 6.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 59,693 shares of the computer hardware maker's stock after acquiring an additional 3,773 shares during the period. NVIDIA comprises approximately 2.7% of WP Advisors LLC's investment portfolio, making the stock its 10th largest holding. WP Advisors LLC's holdings in NVIDIA were worth $8,016,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Legend Financial Advisors Inc. bought a new stake in shares of NVIDIA in the 4th quarter valued at about $34,000. Luken Investment Analytics LLC acquired a new position in NVIDIA during the fourth quarter worth approximately $40,000. DHJJ Financial Advisors Ltd. lifted its position in shares of NVIDIA by 70.0% in the third quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker's stock valued at $41,000 after buying an additional 140 shares during the last quarter. Lowe Wealth Advisors LLC bought a new position in shares of NVIDIA during the 4th quarter worth approximately $46,000. Finally, 1620 Investment Advisors Inc. boosted its stake in shares of NVIDIA by 145.9% during the 3rd 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 during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Stock Down 1.6 %

NASDAQ NVDA traded down $1.76 on Friday, reaching $109.67. The company had a trading volume of 229,047,047 shares, compared to its average volume of 314,707,778. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The company's fifty day moving average is $125.01 and its 200 day moving average is $131.50. NVIDIA Co. has a 52-week low of $75.61 and a 52-week high of $195.95. The stock has a market capitalization of $2.68 trillion, a P/E ratio of 43.16, a P/E/G ratio of 1.76 and a beta of 1.77.

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NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. The firm had revenue of $39.33 billion during 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 anticipate that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be issued a $0.01 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. NVIDIA's payout ratio is 1.36%.

Insider Activity at NVIDIA

In other NVIDIA news, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the sale, the executive vice president now owns 3,902,888 shares of the company's stock, valued at $589,726,376.80. This represents a 0.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John Dabiri sold 2,663 shares of the business's stock in a transaction dated 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 owns 17,279 shares in the company, valued at approximately $1,900,690. This represents a 13.35 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 183,609 shares of company stock valued at $22,642,615. Insiders own 4.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NVDA. KeyCorp set a $190.00 price target on NVIDIA in a report on Wednesday, March 19th. Stifel Nicolaus set a $180.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Rosenblatt Securities reiterated a "buy" rating and issued a $220.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Benchmark restated a "buy" rating and set a $190.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, Bank of America reissued a "buy" rating and issued a $200.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Four research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $171.51.

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.