MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Stake in NVIDIA Co. (NASDAQ:NVDA)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 3.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,140,874 shares of the computer hardware maker's stock after purchasing an additional 423,080 shares during the quarter. NVIDIA comprises approximately 3.7% of MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s investment portfolio, making the stock its biggest holding. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.05% of NVIDIA worth $1,767,008,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Hickory Point Bank & Trust acquired a new position in NVIDIA in the fourth quarter worth approximately $2,272,000. Capital Performance Advisors LLP grew its position in NVIDIA by 59.3% in the fourth quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock worth $3,586,000 after buying an additional 9,944 shares during the last quarter. Waddell & Associates LLC grew its position in NVIDIA by 1.2% in the fourth quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker's stock worth $3,240,000 after buying an additional 297 shares during the last quarter. Strategy Asset Managers LLC grew its position in NVIDIA by 0.8% in the fourth quarter. Strategy Asset Managers LLC now owns 52,307 shares of the computer hardware maker's stock worth $7,024,000 after buying an additional 405 shares during the last quarter. Finally, Ethos Financial Group LLC grew its position in NVIDIA by 24.1% in the fourth quarter. Ethos Financial Group LLC now owns 32,092 shares of the computer hardware maker's stock worth $4,312,000 after buying an additional 6,241 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Citigroup restated a "buy" rating and issued a $180.00 price target (up previously from $150.00) on shares of NVIDIA in a research report on Thursday. Arete Research upgraded shares of NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. Benchmark restated a "buy" rating and set a $190.00 price target on shares of NVIDIA in a report on Thursday. Stifel Nicolaus set a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Rosenblatt Securities lifted their price objective on shares of NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-six have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, NVIDIA has an average rating of "Moderate Buy" and a consensus price target of $171.66.

NVIDIA Price Performance

Shares of NVDA stock traded down $4.91 during trading hours 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. NVIDIA Co. has a 12 month low of $86.62 and a 12 month high of $195.95. The firm has a market capitalization of $3.28 trillion, a price-to-earnings ratio of 52.85, a PEG ratio of 1.76 and a beta of 2.11. The firm's fifty day moving average is $115.48 and its 200 day moving average is $126.38. 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 (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The business had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm's revenue was up 69.2% on a year-over-year basis. During the same quarter last year, the company earned $0.61 earnings per share. On average, sell-side analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be given 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 presently 1.29%.

Insider Buying and Selling

In related news, Director Robert K. Burgess sold 53,324 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the sale, the director now directly owns 251,044 shares in the company, valued at $28,993,071.56. This represents a 17.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Aarti S. Shah sold 20,000 shares of the 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 sale, the director now owns 53,208 shares in the company, valued at approximately $6,300,891.36. This trade represents a 27.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock worth $17,133,207 in the last three months. Insiders own 4.17% of the company's stock.

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.