BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $842.37 Million Position in NVIDIA Co. (NASDAQ:NVDA)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 9.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,272,793 shares of the computer hardware maker's stock after purchasing an additional 559,278 shares during the quarter. NVIDIA accounts for 5.0% of BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's portfolio, making the stock its biggest position. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in NVIDIA were worth $842,373,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Tacita Capital Inc bought a new stake in shares of NVIDIA in the 4th quarter worth approximately $28,000. Vision Financial Markets LLC purchased a new stake in NVIDIA in the fourth quarter worth $38,000. Luken Investment Analytics LLC purchased a new stake in NVIDIA in the fourth quarter worth $40,000. LSV Asset Management bought a new stake in NVIDIA in the fourth quarter valued at $54,000. Finally, Delos Wealth Advisors LLC increased its position in NVIDIA by 134.8% during the 4th quarter. Delos Wealth Advisors LLC now owns 493 shares of the computer hardware maker's stock valued at $66,000 after purchasing an additional 283 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on NVDA shares. DA Davidson lifted their target price on shares of NVIDIA from $120.00 to $135.00 and gave the company a "neutral" rating in a research note on Thursday, May 29th. UBS Group reaffirmed a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. Stifel Nicolaus set a $180.00 target price on NVIDIA in a research report on Wednesday, March 19th. KeyCorp set a $190.00 price target on NVIDIA in a research report on Wednesday, March 19th. Finally, Summit Insights raised NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, NVIDIA has a consensus rating of "Moderate Buy" and a consensus target price of $171.66.

Insider Transactions at NVIDIA

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 shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the sale, the chief financial officer now directly owns 3,085,765 shares of the company's stock, valued at approximately $360,509,924.95. This represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Dabiri sold 2,663 shares of the 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 transaction, 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 have sold 147,147 shares of company stock worth $17,133,207 in the last quarter. Company insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

NASDAQ:NVDA traded up $3.84 during trading hours on Tuesday, reaching $141.22. The company had a trading volume of 224,730,554 shares, compared to its average volume of 283,923,337. The firm has a market cap of $3.45 trillion, a price-to-earnings ratio of 55.58, a PEG 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 moving average price is $115.95 and its 200-day moving average price is $126.21. NVIDIA Co. has a 52 week low of $86.62 and a 52 week high of $195.95.

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

NVIDIA Announces Dividend

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

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.