NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by LVM Capital Management Ltd. MI

LVM Capital Management Ltd. MI increased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 996.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,413 shares of the computer hardware maker's stock after buying an additional 73,988 shares during the period. LVM Capital Management Ltd. MI's holdings in NVIDIA were worth $8,824,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NVDA. Tacita Capital Inc purchased a new position in NVIDIA in the 4th quarter valued at $28,000. Vision Financial Markets LLC purchased a new position in NVIDIA in the 4th quarter valued at $38,000. Luken Investment Analytics LLC purchased a new position in NVIDIA in the 4th quarter valued at $40,000. Copia Wealth Management purchased a new position in NVIDIA in the 4th quarter valued at $50,000. Finally, LSV Asset Management purchased a new position in NVIDIA in the 4th quarter valued at $54,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on NVDA shares. Benchmark restated a "buy" rating and issued a $190.00 price objective on shares of NVIDIA in a report on Thursday, May 29th. Susquehanna restated a "positive" rating and issued a $180.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. DZ Bank raised NVIDIA from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. Arete Research raised NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $170.00 target price (up from $160.00) on shares of NVIDIA in a research note on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-five have given 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 a consensus target price of $172.24.

NVIDIA Trading Down 2.1%

NASDAQ NVDA traded down $3.03 during trading on Friday, hitting $141.97. The stock had a trading volume of 180,270,368 shares, compared to its average volume of 276,376,708. The company has a market capitalization of $3.46 trillion, a PE ratio of 55.87, a PEG ratio of 1.76 and a beta of 2.12. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The firm has a 50 day moving average price of $122.77 and a 200 day moving average price of $126.44. NVIDIA Co. has a twelve month low of $86.62 and a twelve month high of $153.13.

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 the consensus estimate of $0.87 by ($0.06). The company had revenue of $44.06 billion during 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 business's quarterly revenue was up 69.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 EPS. As a group, equities research analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current 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 paid a $0.01 dividend. 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 presently 1.29%.

Insider Activity

In other NVIDIA news, Director Aarti S. Shah sold 20,000 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the completion of the sale, the director now owns 53,208 shares in the company, valued at approximately $6,300,891.36. The trade was a 27.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 66,660 shares of the business'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 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 approximately $360,509,924.95. This represents a 2.11% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,560,845 shares of company stock worth $360,351,849. 4.17% of the stock is currently owned by company insiders.

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.