Lifelong Wealth Advisors Inc. Makes New $457,000 Investment in NVIDIA Co. (NASDAQ:NVDA)

Lifelong Wealth Advisors Inc. acquired a new stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,403 shares of the computer hardware maker's stock, valued at approximately $457,000.

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

Insider Buying and Selling at NVIDIA

In related news, Director Robert K. Burgess sold 53,324 shares of the business's stock in a transaction dated 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 approximately $28,993,071.56. The trade was a 17.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Colette Kress sold 66,660 shares of the company's stock in a transaction dated 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 approximately $360,509,924.95. This trade represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 147,147 shares of company stock valued at $17,133,207. Company insiders own 4.23% of the company's stock.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA traded up $0.57 during midday trading on Friday, reaching $135.40. The company had a trading volume of 221,859,039 shares, compared to its average volume of 295,089,977. The stock has a market cap of $3.31 trillion, a P/E ratio of 53.29, a P/E/G ratio of 1.76 and a beta of 2.11. The company's 50 day moving average price is $111.80 and its 200 day moving average price is $127.10. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 52-week low of $86.62 and a 52-week high of $195.95.

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 for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $39.33 billion for the quarter, compared to analysts' expectations of $38.16 billion. As a group, sell-side analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were paid a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's payout ratio is 1.36%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Rosenblatt Securities dropped their target price on shares of NVIDIA from $220.00 to $200.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. UBS Group dropped their price objective on shares of NVIDIA from $180.00 to $175.00 and set a "buy" rating on the stock in a report on Monday. Raymond James restated a "strong-buy" rating on shares of NVIDIA in a research note on Wednesday, April 16th. HSBC lowered NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 target price for the company. in a research report on Thursday, April 3rd. Finally, Barclays cut their price target on NVIDIA from $175.00 to $155.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $164.84.

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.