Milestone Asset Management Group LLC Takes $1.83 Million Position in NVIDIA Co. (NASDAQ:NVDA)

Milestone Asset Management Group LLC acquired a new position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 13,599 shares of the computer hardware maker's stock, valued at approximately $1,826,000. NVIDIA makes up approximately 1.6% of Milestone Asset Management Group LLC's investment portfolio, making the stock its 20th largest position.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Tacita Capital Inc bought a new stake in NVIDIA in the fourth quarter worth about $28,000. Vision Financial Markets LLC purchased a new stake in shares of NVIDIA during the 4th quarter worth approximately $38,000. Luken Investment Analytics LLC bought a new stake in shares of NVIDIA in the 4th quarter worth approximately $40,000. Copia Wealth Management purchased a new position in NVIDIA in the fourth quarter valued at approximately $50,000. Finally, LSV Asset Management bought a new position in NVIDIA during the fourth quarter valued at $54,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Trading Up 1.2%

Shares of NVIDIA stock traded up $1.73 during trading hours on Friday, reaching $141.72. 153,523,162 shares of the company's stock were exchanged, compared to its average volume of 278,603,184. NVIDIA Co. has a 52-week low of $86.62 and a 52-week high of $195.95. The company has a fifty day moving average of $118.45 and a 200-day moving average of $126.24. 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 has a market capitalization of $3.46 trillion, a price-to-earnings ratio of 55.77, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. During the same quarter in the previous year, the firm posted $0.61 earnings per share. NVIDIA's revenue for the quarter was up 69.2% compared to the same quarter last year. Sell-side analysts forecast that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be issued a dividend of $0.01 per share. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA's payout ratio is 1.29%.

Analyst Upgrades and Downgrades

NVDA has been the topic of a number of research reports. Cantor Fitzgerald restated an "overweight" rating and issued a $200.00 price objective on shares of NVIDIA in a research note on Wednesday, April 16th. William Blair reissued an "outperform" rating on shares of NVIDIA in a research report on Thursday, March 20th. Morgan Stanley reaffirmed an "overweight" rating and issued a $170.00 price objective (up from $160.00) on shares of NVIDIA in a report on Thursday, May 29th. Summit Insights raised shares of NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday, May 29th. Finally, DA Davidson raised their price target on NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a report on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-six have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, NVIDIA currently has a consensus rating of "Moderate Buy" and an average target price of $171.66.

Insider Buying and Selling

In other NVIDIA news, Director Aarti S. Shah sold 20,000 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the transaction, the insider now owns 479,428 shares of the company's stock, valued at $55,997,190.40. This trade represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,257,983 shares of company stock valued at $172,973,349. Company insiders own 4.17% of the company's stock.

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.