Alexis Investment Partners LLC Buys Shares of 10,587 NVIDIA Co. (NASDAQ:NVDA)

Alexis Investment Partners LLC acquired a new position in NVIDIA Co. (NASDAQ:NVDA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 10,587 shares of the computer hardware maker's stock, valued at approximately $1,449,000. NVIDIA comprises approximately 0.7% of Alexis Investment Partners LLC's investment portfolio, making the stock its 23rd largest position.

Several other institutional investors have also recently bought and sold shares of NVDA. Arista Wealth Management LLC acquired a new stake in NVIDIA during the 4th quarter worth $229,000. Arrow Capital Pty Ltd acquired a new position in shares of NVIDIA in the 4th quarter valued at $4,364,000. Arvest Bank Trust Division grew its holdings in shares of NVIDIA by 17.3% in the 4th quarter. Arvest Bank Trust Division now owns 38,269 shares of the computer hardware maker's stock valued at $5,139,000 after buying an additional 5,650 shares during the period. CANADA LIFE ASSURANCE Co grew its holdings in shares of NVIDIA by 2.1% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 22,648,521 shares of the computer hardware maker's stock valued at $3,037,894,000 after buying an additional 462,234 shares during the period. Finally, Ally Financial Inc. grew its holdings in shares of NVIDIA by 58.3% in the 4th quarter. Ally Financial Inc. now owns 76,000 shares of the computer hardware maker's stock valued at $10,206,000 after buying an additional 28,000 shares during the period. Institutional investors own 65.27% of the company's stock.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA traded up $0.17 on Monday, reaching $135.57. 192,257,358 shares of the company's stock were exchanged, compared to its average volume of 294,331,170. The company has a fifty day moving average of $112.73 and a 200-day moving average of $126.93. NVIDIA Co. has a twelve month low of $86.62 and a twelve month high of $195.95. The company has a market capitalization of $3.32 trillion, a price-to-earnings ratio of 53.35, a PEG ratio of 1.76 and a beta of 2.11. 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 (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $38.16 billion. On average, research analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Tigress Financial reissued a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. Truist Financial upped their target price on shares of NVIDIA from $204.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Citigroup reaffirmed a "buy" rating on shares of NVIDIA in a research note on Wednesday, April 16th. Bank of America upped their target price on shares of NVIDIA from $150.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Finally, Summit Insights lowered shares of NVIDIA from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. 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 assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $164.84.

Insider Buying and Selling

In related news, Director Robert K. Burgess sold 53,324 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the sale, the director now owns 251,044 shares in the company, valued at approximately $28,993,071.56. This trade represents a 17.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the sale, the director now owns 53,208 shares in the company, valued at $6,300,891.36. This represents a 27.32% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 147,147 shares of company stock worth $17,133,207. Corporate insiders own 4.23% of the company's stock.

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.