BG Investment Services Inc. Acquires Shares of 5,048 NVIDIA Co. (NASDAQ:NVDA)

BG Investment Services Inc. acquired a new position in NVIDIA Co. (NASDAQ:NVDA - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 5,048 shares of the computer hardware maker's stock, valued at approximately $678,000. NVIDIA makes up about 0.7% of BG Investment Services Inc.'s holdings, making the stock its 21st largest holding.

A number of other large investors have also made changes to their positions in NVDA. Hickory Point Bank & Trust purchased a new stake in shares of NVIDIA during the 4th quarter worth about $2,272,000. Capital Performance Advisors LLP grew its stake in NVIDIA by 59.3% during the 4th quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock worth $3,586,000 after buying an additional 9,944 shares during the last quarter. Ethos Financial Group LLC raised its holdings in shares of NVIDIA by 24.1% during the fourth quarter. Ethos Financial Group LLC now owns 32,092 shares of the computer hardware maker's stock valued at $4,312,000 after buying an additional 6,241 shares during the last quarter. Metis Global Partners LLC increased its stake in NVIDIA by 3.6% during the 4th quarter. Metis Global Partners LLC now owns 1,464,826 shares of the computer hardware maker's stock valued at $196,711,000 after buying an additional 50,978 shares during the period. Finally, Candriam S.C.A. boosted its stake in NVIDIA by 0.5% during the fourth quarter. Candriam S.C.A. now owns 7,061,058 shares of the computer hardware maker's stock valued at $948,229,000 after buying an additional 35,684 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Transactions at NVIDIA

In related news, CFO Colette Kress sold 66,660 shares of the stock in a transaction dated Friday, March 21st. The stock was 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 owns 3,085,765 shares of the company's stock, valued at approximately $360,509,924.95. This represents a 2.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $1,900,690. The trade was a 13.35 % 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 over the last ninety days. 4.23% of the stock is owned by company insiders.

NVIDIA Stock Performance

NVDA stock traded down $0.10 during mid-day trading on Wednesday, hitting $108.92. 223,117,523 shares of the company were exchanged, compared to its average volume of 303,086,208. NVIDIA Co. has a 1-year low of $81.25 and a 1-year high of $195.95. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The business has a 50 day simple moving average of $111.97 and a 200-day simple moving average of $128.63. The stock has a market capitalization of $2.66 trillion, a PE ratio of 42.87, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results 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. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. On average, equities analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Analyst Ratings Changes

Several analysts have issued reports on NVDA shares. DA Davidson cut their price objective on NVIDIA from $125.00 to $120.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Barclays decreased their target price on NVIDIA from $175.00 to $155.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. HSBC cut 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. Cantor Fitzgerald reissued an "overweight" rating and set a $200.00 price target on shares of NVIDIA in a report on Wednesday, April 16th. Finally, Stifel Nicolaus set a $180.00 price objective on NVIDIA in a research report on Wednesday, March 19th. Six equities research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, NVIDIA has a consensus rating of "Moderate Buy" and an average target price of $164.96.

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.