NVIDIA Co. (NASDAQ:NVDA) Position Increased by Wealthspire Advisors LLC

Wealthspire Advisors LLC increased its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 29.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 174,896 shares of the computer hardware maker's stock after acquiring an additional 39,944 shares during the period. Wealthspire Advisors LLC's holdings in NVIDIA were worth $23,487,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of NVDA. Legend Financial Advisors Inc. purchased a new position in shares of NVIDIA in the fourth quarter valued at $34,000. Luken Investment Analytics LLC acquired a new stake in NVIDIA in the 4th quarter valued at about $40,000. DHJJ Financial Advisors Ltd. raised its position in NVIDIA by 70.0% during the third quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker's stock worth $41,000 after acquiring an additional 140 shares during the last quarter. Lowe Wealth Advisors LLC acquired a new position in NVIDIA during the fourth quarter worth about $46,000. Finally, 1620 Investment Advisors Inc. lifted its holdings in shares of 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 purchasing an additional 248 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NVIDIA

In other NVIDIA news, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the transaction, the executive vice president now owns 3,902,888 shares of the company's stock, valued at $589,726,376.80. This trade represents a 0.93 % decrease in their position. The transaction 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 completion of the sale, the director now owns 17,279 shares of the company's stock, 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. Over the last 90 days, insiders have sold 183,609 shares of company stock valued at $22,642,615. Insiders own 4.23% of the company's stock.

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NVIDIA Stock Up 1.6 %

Shares of NASDAQ:NVDA traded up $1.77 during trading on Tuesday, hitting $110.15. The company's stock had a trading volume of 221,470,191 shares, compared to its average volume of 313,731,974. NVIDIA Co. has a fifty-two week low of $75.61 and a fifty-two week high of $195.95. The stock's 50-day moving average price is $123.81 and its two-hundred day moving average price is $131.47. 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 capitalization of $2.69 trillion, a PE ratio of 43.35, a PEG ratio of 1.76 and a beta of 1.77.

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

NVIDIA Announces Dividend

The business 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 $0.01 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. NVIDIA's dividend payout ratio (DPR) is presently 1.36%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on NVDA shares. Bank of America reissued a "buy" rating and set a $200.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Tigress Financial reissued a "buy" rating on shares of NVIDIA in a research report on Wednesday, February 26th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $200.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Barclays boosted their target price on shares of NVIDIA from $160.00 to $175.00 and gave the company an "overweight" rating in a research note on Friday, January 17th. Finally, Susquehanna reaffirmed a "positive" rating and set a $180.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Four research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and a consensus target price of $171.51.

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.