Waters Parkerson & CO. LLC Grows Position in NVIDIA Co. (NASDAQ:NVDA)

Waters Parkerson & CO. LLC raised its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 14.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 84,109 shares of the computer hardware maker's stock after acquiring an additional 10,352 shares during the quarter. Waters Parkerson & CO. LLC's holdings in NVIDIA were worth $11,295,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of NVDA. Tacita Capital Inc bought a new stake in shares of NVIDIA during the fourth quarter worth approximately $28,000. Vision Financial Markets LLC bought a new position in NVIDIA during the 4th quarter worth $38,000. Luken Investment Analytics LLC acquired a new stake in shares of NVIDIA during the fourth quarter worth $40,000. LSV Asset Management acquired a new stake in shares of NVIDIA during the fourth quarter worth $54,000. Finally, Delos Wealth Advisors LLC boosted its position in shares of NVIDIA by 134.8% in the fourth quarter. Delos Wealth Advisors LLC now owns 493 shares of the computer hardware maker's stock valued at $66,000 after acquiring an additional 283 shares during the period. Institutional investors own 65.27% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on NVDA. Arete Research upgraded shares of NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. Tigress Financial restated a "buy" rating on shares of NVIDIA in a research note on Wednesday, February 26th. Stifel Nicolaus set a $180.00 target price on NVIDIA in a research report on Wednesday, March 19th. Citigroup reaffirmed a "buy" rating and issued a $180.00 price target (up previously from $150.00) on shares of NVIDIA in a research note on Thursday, May 29th. Finally, KeyCorp set a $190.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. One 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $171.66.

Insider Activity

In other news, Director Robert K. Burgess sold 53,324 shares of the business's stock in a transaction on 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 sale, the director now 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction on Friday, March 21st. The stock was 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 directly owns 3,085,765 shares of the company's stock, valued at approximately $360,509,924.95. The trade was a 2.11% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,257,983 shares of company stock valued at $172,973,349. 4.17% of the stock is currently owned by insiders.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA traded up $0.70 during midday trading on Wednesday, reaching $141.92. 166,543,405 shares of the company traded hands, compared to its average volume of 282,361,906. The firm's fifty day moving average price is $117.19 and its two-hundred day moving average price is $126.42. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. 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 $3.46 trillion, a price-to-earnings ratio of 55.85, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share 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 the consensus estimate of $43.09 billion. During the same quarter last year, the company posted $0.61 earnings per share. The firm's revenue for the quarter was up 69.2% on a year-over-year basis. On average, equities analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be issued a $0.01 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's payout ratio is 1.29%.

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.