Prosperity Consulting Group LLC Has $17.15 Million Holdings in NVIDIA Co. (NASDAQ:NVDA)

Prosperity Consulting Group LLC lifted its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 16.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,727 shares of the computer hardware maker's stock after buying an additional 17,729 shares during the quarter. NVIDIA comprises approximately 1.3% of Prosperity Consulting Group LLC's holdings, making the stock its 12th biggest position. Prosperity Consulting Group LLC's holdings in NVIDIA were worth $17,153,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Tacita Capital Inc bought a new position in shares of NVIDIA in the 4th quarter valued at about $28,000. Legend Financial Advisors Inc. bought a new position in shares of NVIDIA in the 4th quarter valued at about $34,000. Vision Financial Markets LLC bought a new position in shares of NVIDIA in the 4th quarter valued at about $38,000. Luken Investment Analytics LLC bought a new position in shares of NVIDIA in the 4th quarter valued at about $40,000. Finally, Lowe Wealth Advisors LLC bought a new position in shares of NVIDIA in the 4th quarter valued at about $46,000. 65.27% of the stock is owned by institutional investors.

Insider Buying and Selling at NVIDIA

In related news, Director John Dabiri sold 2,663 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the sale, the director now directly owns 17,279 shares in the company, valued at $1,900,690. This represents a 13.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert K. Burgess sold 53,324 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the sale, the director now owns 251,044 shares in the company, valued at $28,993,071.56. The trade was a 17.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 147,147 shares of company stock worth $17,133,207. 4.23% of the stock is currently owned by company insiders.

NVIDIA Price Performance

NASDAQ:NVDA traded down $1.19 on Tuesday, hitting $134.38. The company had a trading volume of 160,519,454 shares, compared to its average volume of 293,703,320. The stock has a market capitalization of $3.29 trillion, a price-to-earnings ratio of 52.88, a PEG ratio of 1.76 and a beta of 2.11. 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 firm has a 50 day moving average of $112.73 and a two-hundred day moving average of $126.93. NVIDIA Co. has a 52 week low of $86.62 and a 52 week high of $195.95.

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

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is currently 1.36%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NVDA. KeyCorp set a $190.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Wedbush reissued an "outperform" rating and set a $175.00 target price on shares of NVIDIA in a report on Wednesday, April 16th. Bank of America boosted their price objective on shares of NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Truist Financial boosted their price objective on shares of NVIDIA from $204.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Finally, Rosenblatt Securities cut their price objective on shares of NVIDIA from $220.00 to $200.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target 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.