NVIDIA Co. (NASDAQ:NVDA) Stock Holdings Lifted by Centaurus Financial Inc.

Centaurus Financial Inc. lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 20.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 328,362 shares of the computer hardware maker's stock after buying an additional 54,948 shares during the period. NVIDIA comprises about 2.7% of Centaurus Financial Inc.'s holdings, making the stock its 2nd largest position. Centaurus Financial Inc.'s holdings in NVIDIA were worth $44,096,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Tacita Capital Inc purchased a new position in NVIDIA in the fourth quarter worth $28,000. Vision Financial Markets LLC purchased a new position in NVIDIA in the fourth quarter worth $38,000. Luken Investment Analytics LLC purchased a new position in NVIDIA in the fourth quarter worth $40,000. Copia Wealth Management purchased a new position in NVIDIA in the fourth quarter worth $50,000. Finally, LSV Asset Management purchased a new position in NVIDIA in the fourth quarter worth $54,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $141.72 on Friday. The firm has a market capitalization of $3.46 trillion, a P/E ratio of 55.77, a P/E/G ratio of 1.76 and a beta of 2.12. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The stock's 50-day simple moving average is $118.45 and its two-hundred day simple moving average is $126.38. NVIDIA Co. has a twelve month low of $86.62 and a twelve month high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The business had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. NVIDIA's revenue was up 69.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.61 earnings per share. As a group, equities analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm 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. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA's dividend payout ratio is currently 1.29%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on NVDA shares. DZ Bank raised NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. Tigress Financial reissued a "buy" rating on shares of NVIDIA in a research report on Wednesday, February 26th. TD Cowen boosted their price objective on NVIDIA from $140.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Rosenblatt Securities boosted their target price on NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Finally, Needham & Company LLC restated a "buy" rating and issued a $160.00 target price on shares of NVIDIA in a research note on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, NVIDIA currently has an average rating of "Moderate Buy" and an average price target of $171.66.

Insiders Place Their Bets

In other NVIDIA news, Director John Dabiri sold 2,663 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the transaction, the director now directly owns 17,279 shares in the company, valued at $1,900,690. This represents a 13.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $525,600.00. Following the transaction, the insider now owns 479,428 shares in the company, valued at $55,997,190.40. This trade represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,257,983 shares of company stock worth $172,973,349 in the last ninety days. 4.17% of the stock is currently owned by insiders.

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.

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