NVIDIA Co. (NASDAQ:NVDA) is Wesleyan Assurance Society's 7th Largest Position

Wesleyan Assurance Society raised its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 22.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 272,400 shares of the computer hardware maker's stock after acquiring an additional 50,700 shares during the period. NVIDIA makes up 2.8% of Wesleyan Assurance Society's investment portfolio, making the stock its 7th largest holding. Wesleyan Assurance Society's holdings in NVIDIA were worth $36,556,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NVDA. Regent Peak Wealth Advisors LLC boosted its position in shares of NVIDIA by 0.4% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 81,833 shares of the computer hardware maker's stock worth $10,989,000 after acquiring an additional 322 shares during the last quarter. Wealth Group Ltd. raised its holdings in shares of NVIDIA by 1.8% during the fourth quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock worth $766,000 after purchasing an additional 100 shares during the period. Affinity Capital Advisors LLC raised its holdings in shares of NVIDIA by 8.8% during the fourth quarter. Affinity Capital Advisors LLC now owns 7,290 shares of the computer hardware maker's stock worth $1,022,000 after purchasing an additional 588 shares during the period. Mayfair Advisory Group LLC grew its position in shares of NVIDIA by 14.1% during the fourth quarter. Mayfair Advisory Group LLC now owns 20,435 shares of the computer hardware maker's stock worth $2,744,000 after acquiring an additional 2,520 shares during the last quarter. Finally, Fiduciary Financial Group LLC grew its position in shares of NVIDIA by 2.9% during the fourth quarter. Fiduciary Financial Group LLC now owns 68,361 shares of the computer hardware maker's stock worth $9,291,000 after acquiring an additional 1,924 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Morgan Stanley reissued an "overweight" rating and issued a $170.00 price target (up from $160.00) on shares of NVIDIA in a report on Thursday, May 29th. Benchmark reiterated a "buy" rating and set a $190.00 price target on shares of NVIDIA in a report on Thursday, May 29th. Barclays reissued an "overweight" rating and issued a $170.00 price objective (up from $155.00) on shares of NVIDIA in a research report on Thursday, May 29th. Bank of America increased their price target on shares of NVIDIA from $150.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Finally, KeyCorp set a $190.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-six have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, NVIDIA has an average rating of "Moderate Buy" and a consensus price target of $171.66.

Insider Buying and Selling

In other news, Director Mark A. Stevens sold 935,000 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total value of $131,760,200.00. Following the transaction, the director now owns 9,214,697 shares in the company, valued at approximately $1,298,535,101.24. This represents a 9.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John Dabiri sold 2,663 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the transaction, the director now owns 17,279 shares in the company, valued at approximately $1,900,690. This trade represents a 13.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,257,983 shares of company stock worth $172,973,349 in the last 90 days. 4.17% of the stock is owned by company insiders.

NVIDIA Stock Up 0.5%

NASDAQ NVDA traded up $0.70 during trading hours on Wednesday, hitting $141.92. The company's stock had a trading volume of 166,543,405 shares, compared to its average volume of 282,361,906. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $3.46 trillion, a PE ratio of 55.85, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12. NVIDIA Co. has a 52 week low of $86.62 and a 52 week high of $195.95. The company's 50-day simple moving average is $117.19 and its two-hundred day simple moving average is $126.42.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly 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). NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. During the same quarter in the previous year, the business earned $0.61 EPS. The company's revenue for the quarter was up 69.2% on a year-over-year basis. Research analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business 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 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 is Wednesday, June 11th. NVIDIA's dividend payout ratio is currently 1.29%.

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.