Wrapmanager Inc. Increases Stake in NVIDIA Co. (NASDAQ:NVDA)

Wrapmanager Inc. grew its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 3.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 83,994 shares of the computer hardware maker's stock after acquiring an additional 2,425 shares during the quarter. NVIDIA accounts for about 2.9% of Wrapmanager Inc.'s investment portfolio, making the stock its 7th largest holding. Wrapmanager Inc.'s holdings in NVIDIA were worth $11,280,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of NVDA. AMF Tjanstepension AB grew its holdings in shares of NVIDIA by 2.2% during the third quarter. AMF Tjanstepension AB now owns 8,039,712 shares of the computer hardware maker's stock worth $976,348,000 after buying an additional 169,445 shares in the last quarter. Wealth Group Ltd. boosted its holdings in NVIDIA by 5.0% during the third quarter. Wealth Group Ltd. now owns 5,602 shares of the computer hardware maker's stock worth $680,000 after purchasing an additional 265 shares during the last quarter. SOA Wealth Advisors LLC. boosted its holdings in NVIDIA by 0.3% during the third quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker's stock worth $14,650,000 after purchasing an additional 350 shares during the last quarter. Swedbank AB grew its position in NVIDIA by 4.8% in the third quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker's stock valued at $4,965,526,000 after purchasing an additional 1,868,358 shares in the last quarter. Finally, Sterling Financial Group Inc. increased its stake in NVIDIA by 1.9% in the 3rd quarter. Sterling Financial Group Inc. now owns 15,225 shares of the computer hardware maker's stock valued at $1,849,000 after buying an additional 285 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

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Analysts Set New Price Targets

Several equities analysts have recently weighed in on NVDA shares. DZ Bank upgraded NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. KeyCorp set a $190.00 price target on NVIDIA in a research report on Wednesday, March 19th. Truist Financial increased their price objective on NVIDIA from $204.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Needham & Company LLC restated a "buy" rating and set a $160.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Finally, Wedbush reissued an "outperform" rating and issued a $175.00 price objective on shares of NVIDIA in a research report on Thursday, February 20th. Four analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, NVIDIA currently has an average rating of "Moderate Buy" and an average target price of $171.51.

NVIDIA Price Performance

Shares of NVDA traded up $1.77 during midday 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. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a one year low of $75.61 and a one year high of $195.95. The stock has a market capitalization of $2.69 trillion, a price-to-earnings ratio of 43.35, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77. The company's fifty day simple moving average is $124.42 and its two-hundred day simple moving average is $131.53.

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

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a $0.01 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. NVIDIA's dividend payout ratio is currently 1.36%.

Insiders Place Their Bets

In related news, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 3,085,765 shares in the company, valued at $360,509,924.95. This trade represents a 2.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the transaction, the insider now directly owns 479,428 shares of the company's stock, valued at $55,997,190.40. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 183,609 shares of company stock valued at $22,642,615. 4.23% of the stock is currently owned by insiders.

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.