Oxford Financial Group LTD. LLC Increases Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Oxford Financial Group LTD. LLC grew its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 11.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 151,089 shares of the computer hardware maker's stock after purchasing an additional 15,279 shares during the quarter. NVIDIA makes up about 1.3% of Oxford Financial Group LTD. LLC's holdings, making the stock its 15th largest position. Oxford Financial Group LTD. LLC's holdings in NVIDIA were worth $20,290,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Clear Street Derivatives LLC purchased a new position in NVIDIA during the 3rd quarter worth approximately $4,589,905,000. Proficio Capital Partners LLC boosted its holdings in shares of NVIDIA by 14,641.2% in the fourth quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker's stock valued at $4,656,682,000 after acquiring an additional 34,441,082 shares during the period. Amundi grew its position in shares of NVIDIA by 12.9% during the fourth quarter. Amundi now owns 117,036,612 shares of the computer hardware maker's stock worth $16,394,224,000 after acquiring an additional 13,406,054 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of NVIDIA by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 546,079,492 shares of the computer hardware maker's stock valued at $66,101,133,000 after acquiring an additional 11,525,969 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in NVIDIA by 3.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 180,403,789 shares of the computer hardware maker's stock valued at $21,908,236,000 after purchasing an additional 6,526,200 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. DZ Bank upgraded shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. Raymond James restated a "strong-buy" rating on shares of NVIDIA in a research report on Wednesday, April 16th. Susquehanna reaffirmed a "positive" rating and set a $180.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. KeyCorp set a $190.00 target price on NVIDIA in a report on Wednesday, March 19th. Finally, Piper Sandler decreased their price target on NVIDIA from $175.00 to $150.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Six investment analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, NVIDIA currently has a consensus rating of "Moderate Buy" and a consensus target price of $165.01.

Insider Buying and Selling

In related news, Director Aarti S. Shah sold 20,000 shares of the 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 transaction, the director now directly owns 53,208 shares of the company's stock, valued at approximately $6,300,891.36. This trade represents a 27.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the business's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $525,600.00. Following the sale, the insider now directly owns 479,428 shares of the company's stock, valued at approximately $55,997,190.40. This trade represents a 0.93 % 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. Insiders own 4.23% of the company's stock.

NVIDIA Stock Performance

Shares of NVDA opened at $106.43 on Friday. The company has a market capitalization of $2.60 trillion, a price-to-earnings ratio of 41.89, a PEG ratio of 1.76 and a beta of 1.96. 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 1 year low of $78.22 and a 1 year high of $195.95. The company's 50 day simple moving average is $113.77 and its 200 day simple moving average is $129.16.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.05. The business had revenue of $39.33 billion for the quarter, compared to analysts' expectations of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. On average, sell-side analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.