Alta Advisers Ltd Purchases 11,912 Shares of NVIDIA Co. (NASDAQ:NVDA)

Alta Advisers Ltd boosted its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 17.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 81,612 shares of the computer hardware maker's stock after buying an additional 11,912 shares during the period. NVIDIA makes up about 6.9% of Alta Advisers Ltd's investment portfolio, making the stock its 3rd largest position. Alta Advisers Ltd's holdings in NVIDIA were worth $10,960,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NVDA. Tacita Capital Inc purchased a new position in NVIDIA in the 4th quarter worth approximately $28,000. Legend Financial Advisors Inc. acquired a new position in shares of NVIDIA during the fourth quarter worth $34,000. Vision Financial Markets LLC purchased a new position in shares of NVIDIA in the fourth quarter valued at $38,000. Luken Investment Analytics LLC acquired a new stake in NVIDIA during the 4th quarter valued at $40,000. Finally, Lowe Wealth Advisors LLC acquired a new position in NVIDIA in the 4th quarter worth $46,000. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Price Performance

Shares of NVIDIA stock traded up $0.17 on Monday, hitting $135.57. The company had a trading volume of 192,257,358 shares, compared to its average volume of 294,331,138. NVIDIA Co. has a 52 week low of $86.62 and a 52 week high of $195.95. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The company has a market cap of $3.32 trillion, a PE ratio of 53.35, a PEG ratio of 1.76 and a beta of 2.11. The business has a 50-day simple moving average of $112.33 and a 200-day simple moving average of $126.93.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. Research analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were issued 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 was Wednesday, March 12th. NVIDIA's payout ratio is currently 1.36%.

Insider Buying and Selling

In other news, Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total value of $2,368,400.00. Following the transaction, the director now owns 53,208 shares of the company's stock, valued at $6,300,891.36. The trade was a 27.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Colette Kress sold 66,660 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the sale, the chief financial officer now directly 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 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 valued at $17,133,207 over the last three months. Company insiders own 4.23% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NVDA. Seaport Res Ptn raised NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. Susquehanna restated a "positive" rating and set a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Barclays decreased their target price on NVIDIA from $175.00 to $155.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. UBS Group lowered their price target on NVIDIA from $180.00 to $175.00 and set a "buy" rating for the company in a report on Monday, May 12th. Finally, William Blair restated an "outperform" rating on shares of NVIDIA in a research note on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $164.84.

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.