NVIDIA Co. (NASDAQ:NVDA) Stake Boosted by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co grew its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,648,521 shares of the computer hardware maker's stock after purchasing an additional 462,234 shares during the quarter. NVIDIA comprises approximately 5.2% of CANADA LIFE ASSURANCE Co's investment portfolio, making the stock its 3rd biggest position. CANADA LIFE ASSURANCE Co owned about 0.09% of NVIDIA worth $3,037,894,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in NVDA. Ally Financial Inc. boosted its stake in shares of NVIDIA by 58.3% in the fourth 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. GKV Capital Management Co. Inc. bought a new stake in shares of NVIDIA in the fourth quarter valued at approximately $26,746,000. Foster Dykema Cabot & Partners LLC boosted its stake in shares of NVIDIA by 1,491.3% in the fourth quarter. Foster Dykema Cabot & Partners LLC now owns 154,720 shares of the computer hardware maker's stock valued at $20,777,000 after buying an additional 144,997 shares during the period. First Commonwealth Financial Corp PA boosted its stake in shares of NVIDIA by 0.9% in the fourth quarter. First Commonwealth Financial Corp PA now owns 38,830 shares of the computer hardware maker's stock valued at $5,214,000 after buying an additional 343 shares during the period. Finally, Capital Square LLC boosted its stake in shares of NVIDIA by 40.2% in the fourth quarter. Capital Square LLC now owns 10,550 shares of the computer hardware maker's stock valued at $1,505,000 after buying an additional 3,027 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on NVDA. Benchmark reiterated a "buy" rating and issued a $190.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. KeyCorp set a $190.00 target price on NVIDIA in a report on Wednesday, March 19th. Truist Financial increased their price target on NVIDIA from $204.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Summit Insights cut NVIDIA from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. Finally, Hsbc Global Res lowered NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and an average target price of $164.84.

NVIDIA Price Performance

Shares of NVDA traded up $0.57 during trading hours on Friday, reaching $135.40. 221,859,039 shares of the company's stock traded hands, compared to its average volume of 294,990,945. The stock has a market cap of $3.31 trillion, a PE ratio of 53.29, a price-to-earnings-growth 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. The firm's 50 day simple moving average is $111.80 and its 200-day simple moving average is $127.10. NVIDIA Co. has a 12 month low of $86.62 and a 12 month high of $195.95.

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 analysts' consensus estimates of $0.84 by $0.05. The firm had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. Equities analysts expect that NVIDIA Co. will post 2.77 EPS 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. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is presently 1.36%.

Insider Activity

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