NVIDIA Co. (NASDAQ:NVDA) Shares Bought by MJP Associates Inc. ADV

MJP Associates Inc. ADV increased its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 8.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,628 shares of the computer hardware maker's stock after buying an additional 7,224 shares during the period. NVIDIA accounts for about 2.3% of MJP Associates Inc. ADV's portfolio, making the stock its 11th largest position. MJP Associates Inc. ADV's holdings in NVIDIA were worth $12,708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Lazard Asset Management LLC increased its position in NVIDIA by 7.0% during the 4th quarter. Lazard Asset Management LLC now owns 5,350,203 shares of the computer hardware maker's stock valued at $718,476,000 after purchasing an additional 348,958 shares during the period. Leigh Baldwin & CO. LLC purchased a new position in NVIDIA during the 4th quarter valued at about $896,656,000. LifePlan Investment Advisors Inc. boosted its holdings in shares of NVIDIA by 30.2% in the 4th quarter. LifePlan Investment Advisors Inc. now owns 11,851 shares of the computer hardware maker's stock valued at $1,591,000 after buying an additional 2,746 shares in the last quarter. Lionshead Wealth Management LLC bought a new stake in shares of NVIDIA in the 4th quarter valued at about $1,648,000. Finally, Investor s Fiduciary Advisor Network LLC bought a new stake in shares of NVIDIA in the 4th quarter valued at about $2,464,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Transactions at NVIDIA

In other news, 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 transaction of $525,600.00. Following the transaction, the insider now owns 479,428 shares of the company's stock, valued at approximately $55,997,190.40. The trade was a 0.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert K. Burgess sold 53,324 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the transaction, the director now directly owns 251,044 shares in the company, valued at approximately $28,993,071.56. The trade was a 17.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock valued at $17,133,207 over the last 90 days. 4.17% of the stock is currently owned by corporate insiders.

NVIDIA Price Performance

NASDAQ NVDA traded down $4.91 on Friday, hitting $134.28. The company had a trading volume of 332,224,842 shares, compared to its average volume of 284,499,573. The company has a market capitalization of $3.28 trillion, a PE ratio of 52.85, a PEG ratio of 1.76 and a beta of 2.11. The company's fifty day moving average price is $115.48 and its 200-day moving average price is $126.38. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA Co. has a 12-month low of $86.62 and a 12-month high of $195.95.

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

NVIDIA Announces Dividend

The firm also recently announced 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. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's payout ratio is 1.29%.

Analyst Ratings Changes

A number of research firms have recently weighed in on NVDA. Barclays restated an "overweight" rating and issued a $170.00 price target (up from $155.00) on shares of NVIDIA in a report on Thursday. DA Davidson lifted their target price on shares of NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a research note on Thursday. Hsbc Global Res cut shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Mizuho lifted their target price on shares of NVIDIA from $168.00 to $170.00 and gave the stock an "outperform" rating in a research note on Thursday. Finally, Stifel Nicolaus set a $180.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. 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, NVIDIA currently has an average 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.