Potentia Wealth Makes New Investment in NVIDIA Co. (NASDAQ:NVDA)

Potentia Wealth acquired a new stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 49,114 shares of the computer hardware maker's stock, valued at approximately $6,596,000. NVIDIA comprises approximately 2.9% of Potentia Wealth's investment portfolio, making the stock its 8th biggest position.

A number of other large investors also recently modified their holdings of NVDA. Tacita Capital Inc bought a new stake in shares of NVIDIA in the 4th quarter worth approximately $28,000. Legend Financial Advisors Inc. bought a new stake in NVIDIA in the fourth quarter worth $34,000. Vision Financial Markets LLC purchased a new stake in NVIDIA during the fourth quarter valued at about $38,000. Luken Investment Analytics LLC bought a new position in shares of NVIDIA during the fourth quarter valued at about $40,000. Finally, Lowe Wealth Advisors LLC purchased a new position in shares of NVIDIA in the fourth quarter worth about $46,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Trading Down 2.0 %

Shares of NASDAQ NVDA opened at $108.76 on Tuesday. The firm's 50 day moving average price is $112.60 and its 200-day moving average price is $128.76. NVIDIA Co. has a 52-week low of $81.25 and a 52-week high of $195.95. 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 company has a market cap of $2.65 trillion, a PE ratio of 42.80, a P/E/G ratio of 1.76 and a beta of 1.96.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data 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 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, equities research analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal 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 was Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. NVIDIA's payout ratio is 1.36%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NVDA shares. Summit Insights lowered NVIDIA from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. Wedbush restated an "outperform" rating and issued a $175.00 target price on shares of NVIDIA in a report on Wednesday, April 16th. Benchmark reaffirmed a "buy" rating and issued a $190.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Truist Financial increased their price target on shares of NVIDIA from $204.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Finally, Stifel Nicolaus set a $180.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Six equities research 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 data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $164.96.

Insider Activity

In other news, Director John Dabiri sold 2,663 shares of the stock in a transaction 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 completion of the sale, the director now directly owns 17,279 shares of the company's stock, valued at $1,900,690. This represents a 13.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the transaction, the chief financial officer now owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. This trade represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,147 shares of company stock valued at $17,133,207 in the last ninety days. 4.23% of the stock is currently owned by company insiders.

NVIDIA Company 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.

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