48,489 Shares in NVIDIA Co. (NASDAQ:NVDA) Purchased by Fourth Dimension Wealth LLC

Fourth Dimension Wealth LLC acquired a new position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 48,489 shares of the computer hardware maker's stock, valued at approximately $6,525,000. NVIDIA accounts for about 3.4% of Fourth Dimension Wealth LLC's holdings, making the stock its 5th largest holding.

Several other hedge funds also recently made changes to their positions in NVDA. Tacita Capital Inc acquired a new position in shares of NVIDIA in the fourth quarter valued at $28,000. Vision Financial Markets LLC bought a new stake in shares of NVIDIA during the 4th quarter worth about $38,000. Luken Investment Analytics LLC acquired a new position in NVIDIA in the 4th quarter valued at about $40,000. LSV Asset Management bought a new position in NVIDIA in the 4th quarter valued at about $54,000. Finally, Delos Wealth Advisors LLC raised its holdings in NVIDIA by 134.8% in the 4th quarter. Delos Wealth Advisors LLC now owns 493 shares of the computer hardware maker's stock valued at $66,000 after acquiring an additional 283 shares during the period. 65.27% of the stock is owned by institutional investors.

Insider Activity at NVIDIA

In other NVIDIA news, Director John Dabiri sold 2,663 shares of the business'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 transaction, the director now owns 17,279 shares of the company's stock, valued at approximately $1,900,690. The trade was a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Aarti S. Shah sold 20,000 shares of the company's stock in a transaction on Thursday, March 20th. The shares were 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 of the company's stock, valued at $6,300,891.36. This trade represents a 27.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,257,983 shares of company stock valued at $172,973,349 over the last 90 days. Insiders own 4.17% of the company's stock.

NVIDIA Trading Down 1.3%

Shares of NVDA stock traded down $1.81 during trading hours on Thursday, hitting $140.11. 177,110,531 shares of the company were exchanged, compared to its average volume of 281,992,109. The company has a 50 day simple moving average of $117.19 and a two-hundred day simple moving average of $126.42. The firm has a market cap of $3.42 trillion, a P/E ratio of 55.15, a P/E/G ratio of 1.76 and a beta of 2.12. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Co. has a fifty-two week low of $86.62 and a fifty-two week high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $43.09 billion. During the same period last year, the company posted $0.61 earnings per share. The firm's quarterly revenue was up 69.2% compared to the same quarter last year. Equities analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on NVDA. UBS Group reaffirmed a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. Raymond James upped their price objective on NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a report on Thursday, May 29th. Needham & Company LLC reiterated a "buy" rating and issued a $160.00 price target on shares of NVIDIA in a research report on Thursday, May 29th. Bank of America upped their price objective on shares of NVIDIA from $150.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $170.00 target price (up previously from $160.00) on shares of NVIDIA in a report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $171.66.

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.