Alteri Wealth LLC Invests $13.12 Million in NVIDIA Co. (NASDAQ:NVDA)

Alteri Wealth LLC purchased a new position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 97,687 shares of the computer hardware maker's stock, valued at approximately $13,118,000. NVIDIA comprises 3.6% of Alteri Wealth LLC's investment portfolio, making the stock its 3rd largest holding.

Several other large investors also recently modified their holdings of NVDA. Principal Financial Group Inc. increased its stake in shares of NVIDIA by 3.7% during the 3rd quarter. Principal Financial Group Inc. now owns 35,627,274 shares of the computer hardware maker's stock worth $4,326,576,000 after purchasing an additional 1,285,897 shares during the last quarter. Inspire Trust Co. N.A. grew its stake in NVIDIA by 6.2% in the 3rd quarter. Inspire Trust Co. N.A. now owns 34,893 shares of the computer hardware maker's stock valued at $4,237,000 after buying an additional 2,033 shares in the last quarter. Capasso Planning Partners LLC grew its stake in NVIDIA by 2.0% in the 3rd quarter. Capasso Planning Partners LLC now owns 6,277 shares of the computer hardware maker's stock valued at $762,000 after buying an additional 122 shares in the last quarter. Oriental Harbor Investment Fund purchased a new position in NVIDIA in the 3rd quarter valued at approximately $252,876,000. Finally, Oddo BHF Asset Management Sas purchased a new position in NVIDIA in the 3rd quarter valued at approximately $75,723,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on NVDA shares. UBS Group reiterated a "buy" rating on shares of NVIDIA in a research note on Friday. Barclays reduced their price objective on shares of NVIDIA from $175.00 to $155.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. William Blair reiterated an "outperform" rating on shares of NVIDIA in a research note on Thursday, March 20th. Piper Sandler reiterated an "overweight" rating on shares of NVIDIA in a research note on Friday, April 25th. Finally, Hsbc Global Res downgraded shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and an average price target of $165.86.

NVIDIA Price Performance

NVDA opened at $131.29 on Friday. NVIDIA Co. has a 12-month low of $86.62 and a 12-month high of $195.95. 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 stock has a 50-day moving average price of $113.89 and a 200-day moving average price of $126.94. The stock has a market capitalization of $3.21 trillion, a P/E ratio of 51.67, a PEG ratio of 1.76 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. Equities analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were 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 was Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is presently 1.36%.

Insider Activity

In other NVIDIA news, CFO Colette Kress sold 66,660 shares of the company's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the transaction, the chief financial officer now owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. This represents a 2.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's 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 transaction, the insider now directly owns 479,428 shares of the company's stock, valued at $55,997,190.40. The trade was a 0.93% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,147 shares of company stock valued at $17,133,207. Insiders own 4.23% of the company's stock.

NVIDIA Company 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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