Canada Post Corp Registered Pension Plan Acquires Shares of 445,898 NVIDIA Co. (NASDAQ:NVDA)

Canada Post Corp Registered Pension Plan acquired a new position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 445,898 shares of the computer hardware maker's stock, valued at approximately $59,880,000. NVIDIA comprises 3.5% of Canada Post Corp Registered Pension Plan's investment portfolio, making the stock its 3rd biggest position.

Several other large investors have also recently added to or reduced their stakes in NVDA. Tacita Capital Inc acquired a new position in shares of NVIDIA during the fourth quarter valued at $28,000. Legend Financial Advisors Inc. purchased a new position in NVIDIA in the 4th quarter worth about $34,000. Vision Financial Markets LLC purchased a new position in NVIDIA in the 4th quarter worth about $38,000. Luken Investment Analytics LLC purchased a new position in NVIDIA during the 4th quarter valued at about $40,000. Finally, Lowe Wealth Advisors LLC purchased a new position in NVIDIA during the 4th quarter valued at about $46,000. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Trading Up 4.2%

NASDAQ:NVDA traded up $5.41 during trading hours on Wednesday, reaching $135.34. 279,277,491 shares of the stock were exchanged, compared to its average volume of 296,148,002. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average of $110.79 and a two-hundred day moving average of $127.08. 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 $3.31 trillion, a price-to-earnings ratio of 53.26, a PEG ratio of 1.76 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $39.33 billion for the quarter, compared to analysts' expectations of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. On average, equities analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

Insider Activity at NVIDIA

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 owns 53,208 shares of the company's stock, valued at $6,300,891.36. This trade represents a 27.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the transaction, the director now directly owns 17,279 shares in the company, valued at approximately $1,900,690. This represents 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 quarter. 4.23% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Mizuho reduced their price target on NVIDIA from $175.00 to $168.00 and set an "outperform" rating for the company in a report on Friday, March 14th. Tigress Financial restated a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. Truist Financial upped 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. DZ Bank upgraded NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. Finally, HSBC cut NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective on the stock. in a research report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $164.84.

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.