Prakash Investment Advisors LLC Invests $15.68 Million in NVIDIA Co. (NASDAQ:NVDA)

Prakash Investment Advisors LLC purchased a new stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 116,755 shares of the computer hardware maker's stock, valued at approximately $15,679,000. NVIDIA comprises about 15.5% of Prakash Investment Advisors LLC's holdings, making the stock its biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of NVDA. Legend Financial Advisors Inc. purchased a new stake in shares of NVIDIA in the fourth quarter valued at approximately $34,000. Luken Investment Analytics LLC acquired a new position in NVIDIA in the 4th quarter valued at about $40,000. DHJJ Financial Advisors Ltd. grew its stake in shares of NVIDIA by 70.0% in the 3rd 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 period. Lowe Wealth Advisors LLC acquired a new stake in shares of NVIDIA during the 4th quarter worth approximately $46,000. Finally, 1620 Investment Advisors Inc. lifted its holdings in NVIDIA by 145.9% in the third quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker's stock valued at $51,000 after acquiring an additional 248 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on NVDA shares. Mizuho lowered their price objective on shares of NVIDIA from $175.00 to $168.00 and set an "outperform" rating for the company in a research note on Friday, March 14th. DA Davidson dropped their price target on shares of NVIDIA from $135.00 to $125.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. Stifel Nicolaus set a $180.00 price objective on NVIDIA in a research note on Wednesday, March 19th. KeyCorp set a $190.00 target price on NVIDIA in a research note on Wednesday, March 19th. Finally, Barclays increased their price target on NVIDIA from $160.00 to $175.00 and gave the company an "overweight" rating in a research report on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and an average price target of $171.51.

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Insider Activity

In other NVIDIA news, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $151.10, for a total value of $5,509,408.20. Following the completion of the transaction, the executive vice president now directly owns 3,902,888 shares of the company's stock, valued at approximately $589,726,376.80. This trade represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert K. Burgess sold 53,324 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total value of $6,158,388.76. Following the sale, the director now directly owns 251,044 shares in the company, valued at $28,993,071.56. This trade represents a 17.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 183,609 shares of company stock valued at $22,642,615 in the last three months. 4.23% of the stock is currently owned by company insiders.

NVIDIA Stock Performance

Shares of NASDAQ NVDA traded down $1.76 during mid-day trading on Friday, hitting $109.67. 229,047,047 shares of the company were exchanged, compared to its average volume of 314,707,778. The stock has a 50 day simple moving average of $125.01 and a 200-day simple moving average of $131.50. NVIDIA Co. has a 1-year low of $75.61 and a 1-year high of $195.95. 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 firm has a market cap of $2.68 trillion, a price-to-earnings ratio of 43.16, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $39.33 billion during the quarter, compared to analysts' expectations of $38.16 billion. On average, 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 will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is 1.36%.

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.