Proficio Capital Partners LLC Boosts Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Proficio Capital Partners LLC boosted its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 10.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 260,403 shares of the computer hardware maker's stock after purchasing an additional 25,169 shares during the period. Proficio Capital Partners LLC's holdings in NVIDIA were worth $34,970,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Boulder Wealth Advisors LLC lifted its stake in shares of NVIDIA by 8.4% in the 4th quarter. Boulder Wealth Advisors LLC now owns 6,078 shares of the computer hardware maker's stock valued at $816,000 after purchasing an additional 473 shares during the period. SPC Financial Inc. lifted its stake in NVIDIA by 13.4% in the fourth quarter. SPC Financial Inc. now owns 30,385 shares of the computer hardware maker's stock valued at $4,080,000 after buying an additional 3,588 shares during the period. LVZ Inc. boosted its holdings in shares of NVIDIA by 6.6% during the 4th quarter. LVZ Inc. now owns 6,037 shares of the computer hardware maker's stock worth $811,000 after buying an additional 376 shares in the last quarter. Assetmark Inc. grew its position in shares of NVIDIA by 12.8% during the 4th quarter. Assetmark Inc. now owns 5,521,811 shares of the computer hardware maker's stock worth $741,524,000 after buying an additional 626,664 shares during the period. Finally, NewSquare Capital LLC increased its stake in shares of NVIDIA by 13.4% in the 4th quarter. NewSquare Capital LLC now owns 61,476 shares of the computer hardware maker's stock valued at $8,256,000 after acquiring an additional 7,270 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other NVIDIA news, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the completion of the sale, the director now owns 53,208 shares of the company's stock, valued at $6,300,891.36. This represents a 27.32 % 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 that occurred 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 $1,900,690. This trade represents a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock worth $17,133,207 in the last 90 days. 4.23% of the stock is owned by company insiders.

NVIDIA Price Performance

Shares of NASDAQ:NVDA traded up $3.36 on Friday, hitting $110.93. The company's stock had a trading volume of 312,748,883 shares, compared to its average volume of 314,306,813. 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 current ratio of 4.10 and a quick ratio of 3.64. The company has a market capitalization of $2.71 trillion, a PE ratio of 43.66, a PEG ratio of 1.76 and a beta of 1.96. The company has a 50-day simple moving average of $118.95 and a 200 day simple moving average of $130.40.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. The business had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. Sell-side analysts forecast that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced 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. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. The ex-dividend date was Wednesday, March 12th. NVIDIA's dividend payout ratio is currently 1.36%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NVDA. Cantor Fitzgerald reissued an "overweight" rating and set a $200.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Rosenblatt Securities reissued a "buy" rating and issued a $220.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Tigress Financial restated a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. Wedbush reiterated an "outperform" rating and issued a $175.00 target price on shares of NVIDIA in a report on Thursday, February 20th. Finally, Benchmark restated a "buy" rating and set a $190.00 price target 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 issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $168.39.

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.