LifePlan Investment Advisors Inc. Raises Holdings in NVIDIA Co. (NASDAQ:NVDA)

LifePlan Investment Advisors Inc. lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 30.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,851 shares of the computer hardware maker's stock after buying an additional 2,746 shares during the period. LifePlan Investment Advisors Inc.'s holdings in NVIDIA were worth $1,591,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Tacita Capital Inc bought a new position in shares of NVIDIA during the fourth quarter worth about $28,000. Vision Financial Markets LLC bought a new position in shares of NVIDIA during the fourth quarter worth about $38,000. Luken Investment Analytics LLC bought a new position in shares of NVIDIA during the fourth quarter worth about $40,000. LSV Asset Management bought a new position in shares of NVIDIA during the fourth quarter worth about $54,000. Finally, Gleason Group Inc. increased its holdings in NVIDIA by 52.9% in the fourth quarter. Gleason Group Inc. now owns 428 shares of the computer hardware maker's stock worth $58,000 after purchasing an additional 148 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

Insider Buying and Selling at NVIDIA

In related news, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the sale, the chief financial officer now owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. The trade was a 2.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the business's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $525,600.00. Following the sale, the insider now directly owns 479,428 shares of the company's stock, valued at $55,997,190.40. This represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 147,147 shares of company stock worth $17,133,207. 4.17% of the stock is owned by insiders.

NVIDIA Stock Up 3.2%

NASDAQ:NVDA traded up $4.38 during trading hours on Thursday, reaching $139.19. 368,832,482 shares of the company traded hands, compared to its average volume of 287,483,182. The business's 50-day moving average price is $114.85 and its two-hundred day moving average price is $126.66. The stock has a market capitalization of $3.40 trillion, a P/E ratio of 54.78, a P/E/G ratio of 1.76 and a beta of 2.11. 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.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The company had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm's quarterly revenue was up 69.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.61 EPS. Analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed 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. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date is Wednesday, June 11th. NVIDIA's payout ratio is 1.36%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NVDA. Stifel Nicolaus set a $180.00 target price on NVIDIA in a report on Wednesday, March 19th. DZ Bank upgraded NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. Rosenblatt Securities lifted their target price on NVIDIA from $178.00 to $200.00 and gave the stock a "buy" rating in a report on Thursday. William Blair reiterated an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. Finally, Mizuho lifted their target price on NVIDIA from $168.00 to $170.00 and gave the stock an "outperform" rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-six have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $171.66.

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.