NVIDIA Co. (NASDAQ:NVDA) Stock Position Lifted by Wright Investors Service Inc.

Wright Investors Service Inc. grew its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 8.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,104 shares of the computer hardware maker's stock after acquiring an additional 8,507 shares during the period. NVIDIA comprises about 4.7% of Wright Investors Service Inc.'s portfolio, making the stock its 3rd largest holding. Wright Investors Service Inc.'s holdings in NVIDIA were worth $14,383,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Legal & General Group Plc grew its stake in NVIDIA by 884.0% in the 2nd quarter. Legal & General Group Plc now owns 213,127,959 shares of the computer hardware maker's stock valued at $26,329,751,000 after buying an additional 191,469,114 shares during the last quarter. Ameriprise Financial Inc. grew its stake in NVIDIA by 870.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 102,422,225 shares of the computer hardware maker's stock valued at $12,658,922,000 after buying an additional 91,867,031 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in NVIDIA by 1,123.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 92,039,713 shares of the computer hardware maker's stock valued at $11,371,255,000 after buying an additional 84,515,429 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in NVIDIA by 808.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 82,689,605 shares of the computer hardware maker's stock valued at $10,215,474,000 after buying an additional 73,589,208 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in NVIDIA by 882.4% in the 2nd quarter. American Century Companies Inc. now owns 73,648,364 shares of the computer hardware maker's stock valued at $9,098,519,000 after buying an additional 66,151,750 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

Insider Transactions at NVIDIA

In other news, Director Tench Coxe sold 1,000,000 shares of the business's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $131.26, for a total value of $131,260,000.00. Following the completion of the sale, the director now directly owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John Dabiri sold 716 shares of the business's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $142.00, for a total transaction of $101,672.00. Following the completion of the sale, the director now owns 19,942 shares of the company's stock, valued at approximately $2,831,764. The trade was a 3.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,108,348 shares of company stock worth $146,506,958. 4.23% of the stock is currently owned by insiders.

NVIDIA Price Performance

NVIDIA stock traded up $1.05 during mid-day trading on Thursday, hitting $124.75. 390,509,528 shares of the company traded hands, compared to its average volume of 292,494,438. NVIDIA Co. has a one year low of $60.70 and a one year high of $153.13. The stock has a market cap of $3.06 trillion, a price-to-earnings ratio of 49.09, a price-to-earnings-growth ratio of 2.65 and a beta of 1.64. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The stock has a fifty day moving average price of $137.46 and a 200-day moving average price of $129.40.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $35.08 billion during the quarter, compared to analyst estimates of $33.15 billion. During the same period in the previous year, the business posted $0.38 earnings per share. NVIDIA's revenue for the quarter was up 93.6% on a year-over-year basis. On average, equities analysts predict that NVIDIA Co. will post 2.78 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were issued a $0.01 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's payout ratio is 1.57%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on NVDA shares. Rosenblatt Securities reiterated a "buy" rating and issued a $220.00 price target on shares of NVIDIA in a research note on Wednesday, January 8th. Redburn Atlantic initiated coverage on shares of NVIDIA in a research report on Tuesday, November 12th. They set a "buy" rating and a $178.00 target price on the stock. Wells Fargo & Company increased their target price on shares of NVIDIA from $165.00 to $185.00 and gave the stock an "overweight" rating in a research report on Thursday, November 21st. Evercore ISI increased their target price on shares of NVIDIA from $189.00 to $190.00 and gave the stock an "outperform" rating in a research report on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of NVIDIA from $115.00 to $140.00 and gave the stock a "hold" rating in a research report on Thursday, November 21st. Four analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, NVIDIA has an average rating of "Moderate Buy" and an average price target of $166.23.

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.