Richmond Investment Services LLC Invests $2.09 Million in NVIDIA Co. (NASDAQ:NVDA)

Richmond Investment Services LLC acquired a new position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 15,549 shares of the computer hardware maker's stock, valued at approximately $2,088,000. NVIDIA accounts for approximately 1.2% of Richmond Investment Services LLC's portfolio, making the stock its 20th biggest position.

A number of other large investors have also modified their holdings of NVDA. Norges Bank purchased a new position in shares of NVIDIA during the fourth quarter worth about $43,515,504,000. Northern Trust Corp grew its holdings in shares of NVIDIA by 15.8% during the fourth quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after purchasing an additional 36,266,817 shares during the last quarter. Proficio Capital Partners LLC grew its holdings in shares of NVIDIA by 14,641.2% during the fourth quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker's stock worth $4,656,682,000 after purchasing an additional 34,441,082 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of NVIDIA by 11.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 200,898,191 shares of the computer hardware maker's stock worth $26,978,618,000 after purchasing an additional 20,494,402 shares during the last quarter. Finally, Capital International Investors grew its holdings in shares of NVIDIA by 34.7% during the fourth quarter. Capital International Investors now owns 62,883,868 shares of the computer hardware maker's stock worth $8,445,182,000 after purchasing an additional 16,189,550 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Stock Up 1.2%

NVIDIA stock traded up $1.73 during trading on Friday, reaching $141.72. 153,523,162 shares of the company's stock were exchanged, compared to its average volume of 278,603,184. The company's 50-day moving average is $118.45 and its two-hundred day moving average is $126.38. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Co. has a 52-week low of $86.62 and a 52-week high of $195.95. The firm has a market cap of $3.46 trillion, a price-to-earnings ratio of 55.77, a PEG ratio of 1.76 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly 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). NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. During the same period 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, analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be given a dividend of $0.01 per share. 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 (DPR) is 1.29%.

Analyst Ratings Changes

Several equities analysts have issued reports on NVDA shares. Rosenblatt Securities raised their price objective on NVIDIA from $178.00 to $200.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Stifel Nicolaus set a $180.00 price objective on NVIDIA in a report on Wednesday, March 19th. Mizuho increased their target price on shares of NVIDIA from $168.00 to $170.00 and gave the stock an "outperform" rating in a research note on Thursday, May 29th. Susquehanna reiterated a "positive" rating and set a $180.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Benchmark reiterated a "buy" rating and set a $190.00 target price on shares of NVIDIA in a research note on Thursday, May 29th. 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $171.66.

Insider Buying and Selling

In other NVIDIA news, Director Aarti S. Shah sold 20,000 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $118.42, for a total value of $2,368,400.00. Following the completion of the transaction, the director now directly owns 53,208 shares of the company's stock, valued at $6,300,891.36. This represents a 27.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the transaction, the insider now directly owns 479,428 shares of the company's stock, valued at approximately $55,997,190.40. The trade was a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,257,983 shares of company stock valued at $172,973,349. Company insiders own 4.17% of the company's stock.

NVIDIA 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.