Diligent Investors LLC Raises Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Diligent Investors LLC boosted its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 9.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,874 shares of the computer hardware maker's stock after acquiring an additional 3,157 shares during the period. NVIDIA accounts for 1.2% of Diligent Investors LLC's portfolio, making the stock its 10th largest position. Diligent Investors LLC's holdings in NVIDIA were worth $5,086,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of NVDA. Tacita Capital Inc bought a new stake in shares of NVIDIA during the 4th quarter worth about $28,000. Legend Financial Advisors Inc. purchased a new position in shares of NVIDIA in the fourth quarter worth approximately $34,000. Vision Financial Markets LLC acquired a new stake in shares of NVIDIA during the fourth quarter worth approximately $38,000. Luken Investment Analytics LLC acquired a new stake in shares of NVIDIA during the fourth quarter worth approximately $40,000. Finally, Lowe Wealth Advisors LLC acquired a new stake in NVIDIA in the fourth quarter valued at approximately $46,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Insiders Place Their Bets

In other news, Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction on 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 directly owns 53,208 shares in the company, valued at approximately $6,300,891.36. This trade represents a 27.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the sale, the director now directly owns 17,279 shares of the company's stock, valued at approximately $1,900,690. This trade represents a 13.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock worth $17,133,207 over the last three months. 4.17% of the stock is owned by insiders.

NVIDIA Trading Up 0.8%

NVDA stock traded up $1.10 during midday trading on Wednesday, hitting $136.60. 153,614,714 shares of the company's stock were exchanged, compared to its average volume of 288,035,009. NVIDIA Co. has a 1-year low of $86.62 and a 1-year 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 business has a 50-day simple moving average of $114.51 and a two-hundred day simple moving average of $126.60. The stock has a market capitalization of $3.34 trillion, a PE ratio of 53.89, a P/E/G ratio of 1.76 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping 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 business had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. On average, sell-side analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Bank of America boosted their price objective on shares of NVIDIA from $150.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Mizuho reduced their target price on shares of NVIDIA from $175.00 to $168.00 and set an "outperform" rating on the stock in a research note on Friday, March 14th. Cantor Fitzgerald restated an "overweight" rating and issued a $200.00 target price on shares of NVIDIA in a research note on Wednesday, April 16th. DA Davidson reduced their price target on shares of NVIDIA from $125.00 to $120.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, Arete Research upgraded shares of NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, thirty-three have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $167.53.

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.