NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Vise Technologies Inc.

Vise Technologies Inc. increased its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 73.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 279,838 shares of the computer hardware maker's stock after buying an additional 118,712 shares during the period. NVIDIA accounts for about 3.1% of Vise Technologies Inc.'s investment portfolio, making the stock its 2nd biggest position. Vise Technologies Inc.'s holdings in NVIDIA were worth $37,579,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NVDA. Regent Peak Wealth Advisors LLC raised its position in NVIDIA by 0.4% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 81,833 shares of the computer hardware maker's stock valued at $10,989,000 after purchasing an additional 322 shares during the period. Wealth Group Ltd. raised its position in NVIDIA by 1.8% during the fourth quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock valued at $766,000 after purchasing an additional 100 shares during the period. Websterrogers Financial Advisors LLC raised its position in NVIDIA by 4.4% during the fourth quarter. Websterrogers Financial Advisors LLC now owns 2,021 shares of the computer hardware maker's stock valued at $271,000 after purchasing an additional 85 shares during the period. Redhawk Wealth Advisors Inc. raised its holdings in shares of NVIDIA by 1.2% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 126,877 shares of the computer hardware maker's stock worth $17,038,000 after buying an additional 1,444 shares during the period. Finally, Sendero Wealth Management LLC raised its holdings in shares of NVIDIA by 3.6% in the fourth quarter. Sendero Wealth Management LLC now owns 141,294 shares of the computer hardware maker's stock worth $18,974,000 after buying an additional 4,969 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Stock Up 1.2%

NASDAQ NVDA traded up $1.73 during midday trading on Friday, hitting $141.72. 153,523,162 shares of the company traded hands, compared to its average volume of 279,133,751. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The company has a market cap of $3.46 trillion, a PE ratio of 55.77, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12. The company's 50-day simple moving average is $118.45 and its 200-day simple moving average is $126.38. 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 earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). The company had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm's revenue was up 69.2% compared to the same quarter last year. During the same period last year, the business posted $0.61 EPS. As a group, equities research analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders 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 dividend yield of 0.03%. NVIDIA's payout ratio is 1.29%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on NVDA shares. UBS Group reiterated a "buy" rating on shares of NVIDIA in a report on Friday, May 23rd. Needham & Company LLC reiterated a "buy" rating and issued a $160.00 price target on shares of NVIDIA in a report on Thursday, May 29th. Mizuho increased their price target on NVIDIA from $168.00 to $170.00 and gave the stock an "outperform" rating in a report on Thursday, May 29th. Stifel Nicolaus set a $180.00 price target on NVIDIA in a report on Wednesday, March 19th. Finally, HSBC downgraded NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target on the stock. in a report on Thursday, April 3rd. One equities 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. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $171.66.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 935,000 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total value of $131,760,200.00. Following the completion of the sale, the director now owns 9,214,697 shares of the company's stock, valued at $1,298,535,101.24. This trade represents a 9.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Colette Kress sold 66,660 shares of the firm's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the sale, the chief financial officer now directly owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. The trade was a 2.11% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,257,983 shares of company stock valued at $172,973,349 in the last quarter. 4.17% of the stock is currently owned by corporate insiders.

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.