NVIDIA Co. (NASDAQ:NVDA) Stake Raised by ProShare Advisors LLC

ProShare Advisors LLC increased its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 18.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,732,614 shares of the computer hardware maker's stock after purchasing an additional 2,868,125 shares during the period. NVIDIA accounts for 5.7% of ProShare Advisors LLC's holdings, making the stock its biggest holding. ProShare Advisors LLC owned 0.08% of NVIDIA worth $2,515,603,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in NVDA. Tacita Capital Inc bought a new position in NVIDIA during the fourth quarter valued at approximately $28,000. Vision Financial Markets LLC purchased a new position in shares of NVIDIA in the 4th quarter worth $38,000. Luken Investment Analytics LLC bought a new stake in shares of NVIDIA in the 4th quarter worth about $40,000. LSV Asset Management bought a new stake in shares of NVIDIA in the 4th quarter worth about $54,000. Finally, Gleason Group Inc. raised its position in shares of NVIDIA by 52.9% during the 4th quarter. Gleason Group Inc. now owns 428 shares of the computer hardware maker's stock valued at $58,000 after buying an additional 148 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock Performance

NVDA traded down $4.91 on Friday, reaching $134.28. The stock had a trading volume of 332,224,842 shares, compared to its average volume of 285,804,787. The business's 50-day moving average price is $115.20 and its two-hundred day moving average price is $126.61. The company has a market cap of $3.28 trillion, a P/E ratio of 52.85, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a 12-month low of $86.62 and a 12-month high of $195.95. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). The business had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm's revenue for the quarter was up 69.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.61 earnings per share. Sell-side analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be paid a $0.01 dividend. 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 presently 1.29%.

Insider Buying and Selling

In other NVIDIA news, Director John Dabiri sold 2,663 shares of the business's stock in a transaction on Monday, March 10th. The stock was 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 of the company's stock, valued at approximately $1,900,690. The trade was a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the transaction, the director now owns 53,208 shares in the company, valued at approximately $6,300,891.36. This represents a 27.32% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 147,147 shares of company stock worth $17,133,207. 4.17% of the stock is owned by corporate insiders.

Analyst Ratings Changes

NVDA has been the topic of several analyst reports. William Blair reissued an "outperform" rating on shares of NVIDIA in a research note on Thursday, March 20th. Cantor Fitzgerald reissued an "overweight" rating and set a $200.00 target price on shares of NVIDIA in a research report on Wednesday, April 16th. TD Cowen raised their price target on NVIDIA from $140.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday. Piper Sandler reiterated an "overweight" rating and set a $180.00 price objective (up previously from $150.00) on shares of NVIDIA in a research report on Wednesday. Finally, DA Davidson raised their target price on shares of NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-six have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $171.66.

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.