3,171,663 Shares in NVIDIA Co. (NASDAQ:NVDA) Bought by Aware Super Pty Ltd as trustee of Aware Super

Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 3,171,663 shares of the computer hardware maker's stock, valued at approximately $425,923,000. NVIDIA accounts for about 6.8% of Aware Super Pty Ltd as trustee of Aware Super's investment portfolio, making the stock its 2nd biggest holding.

A number of other hedge funds have also added to or reduced their stakes in the stock. Canada Post Corp Registered Pension Plan purchased a new position in NVIDIA during the 4th quarter valued at $59,880,000. Defined Financial Planning LLC bought a new stake in shares of NVIDIA during the 4th quarter valued at $2,396,000. LaSalle St. Investment Advisors LLC boosted its holdings in shares of NVIDIA by 175.5% during the 4th quarter. LaSalle St. Investment Advisors LLC now owns 57,048 shares of the computer hardware maker's stock valued at $7,661,000 after buying an additional 36,341 shares in the last quarter. Broyhill Asset Management bought a new stake in shares of NVIDIA during the 4th quarter valued at $1,027,000. Finally, Strategies Wealth Advisors LLC bought a new stake in shares of NVIDIA during the 4th quarter valued at $3,283,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock Performance

Shares of NASDAQ NVDA traded up $5.41 during midday trading on Wednesday, hitting $135.34. 279,277,491 shares of the company's stock traded hands, compared to its average volume of 296,148,002. NVIDIA Co. has a 1 year low of $86.62 and a 1 year high of $195.95. The stock has a market capitalization of $3.31 trillion, a price-to-earnings ratio of 53.26, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. 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 firm has a fifty day moving average of $110.79 and a 200 day moving average of $127.08.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $38.16 billion. On average, analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Stifel Nicolaus set a $180.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. William Blair restated an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. Mizuho dropped their target price on shares of NVIDIA from $175.00 to $168.00 and set an "outperform" rating on the stock in a report on Friday, March 14th. DA Davidson dropped their target price on shares of NVIDIA from $125.00 to $120.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, KeyCorp set a $190.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, NVIDIA has an average rating of "Moderate Buy" and an average target price of $164.84.

Insider Buying and Selling

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $525,600.00. Following the completion of the sale, the insider now directly owns 479,428 shares of the company's stock, valued at approximately $55,997,190.40. This represents a 0.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Dabiri sold 2,663 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the sale, the director now directly owns 17,279 shares of the company's stock, valued at $1,900,690. This represents a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is owned by corporate insiders.

About NVIDIA

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.