NVIDIA Co. (NASDAQ:NVDA) Stock Position Increased by Summit Investment Advisors Inc.

Summit Investment Advisors Inc. boosted its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 737,749 shares of the computer hardware maker's stock after purchasing an additional 13,700 shares during the period. NVIDIA makes up about 88.2% of Summit Investment Advisors Inc.'s portfolio, making the stock its 2nd biggest position. Summit Investment Advisors Inc.'s holdings in NVIDIA were worth $99,072,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. FMR LLC raised its holdings in shares of NVIDIA by 0.7% in the fourth quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock worth $134,877,735,000 after buying an additional 6,665,252 shares during the last quarter. Geode Capital Management LLC lifted its position in NVIDIA by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker's stock worth $74,439,273,000 after acquiring an additional 9,468,786 shares during the period. Norges Bank acquired a new stake in NVIDIA during the 4th quarter worth about $43,515,504,000. Charles Schwab Investment Management Inc. lifted its position in NVIDIA by 3.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 151,280,130 shares of the computer hardware maker's stock worth $20,315,409,000 after acquiring an additional 5,211,040 shares during the period. Finally, Invesco Ltd. lifted its position in NVIDIA by 7.6% during the 4th quarter. Invesco Ltd. now owns 129,889,317 shares of the computer hardware maker's stock worth $17,442,836,000 after acquiring an additional 9,168,168 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Activity

In other NVIDIA news, Director John Dabiri sold 2,663 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the transaction, the director now owns 17,279 shares of the company's stock, valued at $1,900,690. This represents a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert K. Burgess sold 53,324 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the transaction, the director now directly owns 251,044 shares of the company's stock, valued at approximately $28,993,071.56. This trade represents a 17.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock valued at $17,133,207 in the last quarter. Insiders own 4.17% of the company's stock.

NVIDIA Trading Down 3.5%

Shares of NVDA stock traded down $4.91 on Friday, hitting $134.28. 332,224,842 shares of the stock traded hands, compared to its average volume of 284,499,573. 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 twelve month low of $86.62 and a twelve month high of $195.95. The firm's 50-day moving average price is $115.48 and its two-hundred day moving average price is $126.52. The stock has a market capitalization of $3.28 trillion, a PE ratio of 52.85, a PEG ratio of 1.76 and a beta of 2.11.

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

NVIDIA Announces Dividend

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 given 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%.

Analysts Set New Price Targets

NVDA has been the subject of a number of research reports. Bank of America lifted their price target on NVIDIA from $150.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Rosenblatt Securities upped their target price on NVIDIA from $178.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday. Hsbc Global Res cut NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. 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. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $200.00 target price on shares of NVIDIA in a report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-six have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus 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.