OMERS ADMINISTRATION Corp Has $489.70 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

OMERS ADMINISTRATION Corp lifted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,646,567 shares of the computer hardware maker's stock after purchasing an additional 49,769 shares during the period. NVIDIA comprises approximately 4.3% of OMERS ADMINISTRATION Corp's investment portfolio, making the stock its 5th largest holding. OMERS ADMINISTRATION Corp's holdings in NVIDIA were worth $489,697,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in NVDA. Regent Peak Wealth Advisors LLC raised its stake in NVIDIA by 0.4% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 81,833 shares of the computer hardware maker's stock valued at $10,989,000 after acquiring an additional 322 shares during the period. Wealth Group Ltd. raised its stake in NVIDIA by 1.8% in the 4th quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock valued at $766,000 after acquiring an additional 100 shares during the period. Wedmont Private Capital raised its stake in NVIDIA by 6.7% in the 4th quarter. Wedmont Private Capital now owns 400,948 shares of the computer hardware maker's stock valued at $54,493,000 after acquiring an additional 25,146 shares during the period. Cadent Capital Advisors LLC raised its stake in NVIDIA by 6.5% in the 4th quarter. Cadent Capital Advisors LLC now owns 13,915 shares of the computer hardware maker's stock valued at $1,869,000 after acquiring an additional 847 shares during the period. Finally, Cooper Financial Group raised its stake in NVIDIA by 10.3% in the 4th quarter. Cooper Financial Group now owns 168,318 shares of the computer hardware maker's stock valued at $22,603,000 after acquiring an additional 15,708 shares during the period. 65.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on NVDA shares. Bank of America boosted their price objective on NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. HSBC cut NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective on the stock. in a research note on Thursday, April 3rd. Raymond James lifted their target price on NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a report on Thursday. Morgan Stanley reaffirmed an "overweight" rating and set a $170.00 target price (up previously from $160.00) on shares of NVIDIA in a report on Thursday. Finally, William Blair reaffirmed an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-six have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and a consensus target price of $171.66.

Insider Activity

In other 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 completion of the sale, the director now owns 251,044 shares of the company's stock, valued at approximately $28,993,071.56. This represents a 17.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 value 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 trade represents a 2.11% 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 valued at $17,133,207. 4.17% of the stock is currently owned by company insiders.

NVIDIA Price Performance

NVDA traded up $4.38 during midday trading on Thursday, hitting $139.19. The stock had a trading volume of 368,832,482 shares, compared to its average volume of 286,410,423. The company has a market cap of $3.40 trillion, a P/E ratio of 54.78, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. The business has a fifty day moving average of $114.85 and a 200 day moving average of $126.66. 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 Co. has a 1 year low of $86.62 and a 1 year high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results 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 firm had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm's quarterly revenue was up 69.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.61 EPS. As a group, equities analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's dividend payout ratio is currently 1.36%.

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.