26,211 Shares in NVIDIA Co. (NASDAQ:NVDA) Purchased by Mascagni Wealth Management Inc.

Mascagni Wealth Management Inc. purchased a new stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,211 shares of the computer hardware maker's stock, valued at approximately $3,520,000. NVIDIA comprises 3.0% of Mascagni Wealth Management Inc.'s investment portfolio, making the stock its 6th largest position.

A number of other hedge funds have also recently bought and sold shares of NVDA. Prostatis Group LLC grew its holdings in NVIDIA by 5.2% during the 4th quarter. Prostatis Group LLC now owns 26,004 shares of the computer hardware maker's stock worth $3,492,000 after acquiring an additional 1,294 shares in the last quarter. Fairtree Asset Management Pty Ltd acquired a new stake in shares of NVIDIA in the 4th quarter valued at about $639,000. M1 Capital Management LLC bought a new position in shares of NVIDIA during the fourth quarter worth about $1,514,000. DSG Capital Advisors LLC bought a new position in shares of NVIDIA during the fourth quarter worth about $17,052,000. Finally, Chancellor Financial Group WB LP acquired a new position in NVIDIA in the fourth quarter worth about $3,966,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. HSBC cut NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective on the stock. in a research note on Thursday, April 3rd. Hsbc Global Res lowered NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Needham & Company LLC reissued a "buy" rating and set a $160.00 price target on shares of NVIDIA in a research report on Thursday, May 29th. Citigroup restated a "buy" rating and set a $180.00 price objective (up from $150.00) on shares of NVIDIA in a research note on Thursday, May 29th. Finally, Tigress Financial reaffirmed a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. One equities research 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 assigned a strong buy rating to the stock. According to MarketBeat, NVIDIA has an average rating of "Moderate Buy" and a consensus price target of $171.66.

Insider Activity

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $55,997,190.40. This trade represents a 0.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John Dabiri sold 2,663 shares of the business's 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 owns 17,279 shares in the company, valued at $1,900,690. The trade was a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,257,983 shares of company stock worth $172,973,349 over the last 90 days. 4.17% of the stock is currently owned by company insiders.

NVIDIA Stock Up 1.2%

NVIDIA stock opened at $141.72 on Friday. NVIDIA Co. has a 52 week low of $86.62 and a 52 week high of $195.95. The stock has a market cap of $3.46 trillion, a price-to-earnings ratio of 55.77, a PEG ratio of 1.76 and a beta of 2.12. The company's 50-day moving average price is $118.45 and its two-hundred day moving average price is $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.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The company had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. NVIDIA's revenue was up 69.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 EPS. On average, analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date is Wednesday, June 11th. NVIDIA's dividend payout ratio is presently 1.29%.

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.

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