Investment Management Corp VA ADV Takes Position in NVIDIA Co. (NASDAQ:NVDA)

Investment Management Corp VA ADV acquired a new position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 4,329 shares of the computer hardware maker's stock, valued at approximately $581,000. NVIDIA makes up 0.5% of Investment Management Corp VA ADV's portfolio, making the stock its 26th biggest position.

Several other large investors have also recently modified their holdings of the company. Regent Peak Wealth Advisors LLC boosted its holdings in shares of NVIDIA by 0.4% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 81,833 shares of the computer hardware maker's stock valued at $10,989,000 after acquiring an additional 322 shares during the last quarter. Wealth Group Ltd. lifted its stake in shares of NVIDIA by 1.8% in the 4th quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock valued at $766,000 after purchasing an additional 100 shares during the period. Websterrogers Financial Advisors LLC lifted its holdings in NVIDIA by 4.4% during the fourth quarter. Websterrogers Financial Advisors LLC now owns 2,021 shares of the computer hardware maker's stock valued at $271,000 after purchasing an additional 85 shares in the last quarter. Redhawk Wealth Advisors Inc. lifted its holdings in NVIDIA by 1.2% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 126,877 shares of the computer hardware maker's stock valued at $17,038,000 after purchasing an additional 1,444 shares in the last quarter. Finally, Sendero Wealth Management LLC lifted its holdings in NVIDIA by 3.6% during the fourth quarter. Sendero Wealth Management LLC now owns 141,294 shares of the computer hardware maker's stock valued at $18,974,000 after purchasing an additional 4,969 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on NVDA. Raymond James raised their price target on shares of NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a research note on Thursday, May 29th. Hsbc Global Res cut shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. DZ Bank raised shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. Bank of America raised their price objective on shares of NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Finally, Rosenblatt Securities lifted their price target on shares of NVIDIA from $178.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-six have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $171.66.

Insider Transactions at NVIDIA

In other NVIDIA news, Director John Dabiri sold 2,663 shares of NVIDIA 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 sale, the director now directly owns 17,279 shares in the company, valued at $1,900,690. The trade was a 13.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Colette Kress sold 66,660 shares of the stock in a transaction dated 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 transaction, the chief financial officer now directly owns 3,085,765 shares in the company, valued at $360,509,924.95. The trade was a 2.11% 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 worth $172,973,349 in the last three months. Company insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

NVDA stock traded up $1.80 on Friday, hitting $141.79. The company's stock had a trading volume of 63,730,530 shares, compared to its average volume of 280,332,772. 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 market cap of $3.46 trillion, a price-to-earnings ratio of 55.80, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12. The firm has a 50 day moving average of $117.82 and a two-hundred day moving average of $126.42. NVIDIA Co. has a 1 year low of $86.62 and a 1 year 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 company 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 earned $0.61 earnings per share. The business's revenue for the quarter was up 69.2% compared to the same quarter last year. Equities analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. 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.