WBI Investments LLC Raises Stock Position in NVIDIA Co. (NASDAQ:NVDA)

WBI Investments LLC lifted its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 160.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,371 shares of the computer hardware maker's stock after buying an additional 2,693 shares during the quarter. WBI Investments LLC's holdings in NVIDIA were worth $587,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NVDA. DiNuzzo Private Wealth Inc. grew its holdings in NVIDIA by 0.8% in the fourth quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker's stock worth $1,157,000 after purchasing an additional 71 shares during the period. Baker Boyer National Bank boosted its position in shares of NVIDIA by 3.3% in the 4th quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker's stock worth $323,000 after purchasing an additional 76 shares in the last quarter. SC&H Financial Advisors Inc. grew its stake in shares of NVIDIA by 1.6% in the 4th quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker's stock worth $681,000 after buying an additional 80 shares during the last quarter. DecisionPoint Financial LLC increased its position in NVIDIA by 2.9% during the 4th quarter. DecisionPoint Financial LLC now owns 2,878 shares of the computer hardware maker's stock valued at $386,000 after buying an additional 80 shares in the last quarter. Finally, Matthew Goff Investment Advisor LLC raised its stake in NVIDIA by 0.7% during the fourth quarter. Matthew Goff Investment Advisor LLC now owns 11,496 shares of the computer hardware maker's stock valued at $1,544,000 after buying an additional 84 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NVDA. Tigress Financial reissued a "buy" rating on shares of NVIDIA in a research note on Wednesday, February 26th. Truist Financial upped their price target on shares of NVIDIA from $205.00 to $210.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. Morgan Stanley restated an "overweight" rating and set a $170.00 price objective (up from $160.00) on shares of NVIDIA in a research note on Thursday, May 29th. Barclays reaffirmed an "overweight" rating and issued a $170.00 target price (up from $155.00) on shares of NVIDIA in a report on Thursday, May 29th. Finally, Arete Research upgraded shares of NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-six have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $171.66.

NVIDIA Price Performance

NASDAQ:NVDA traded up $0.03 on Wednesday, reaching $141.25. 77,493,574 shares of the company's stock traded hands, compared to its average volume of 282,503,010. The stock has a 50-day simple moving average of $116.54 and a 200-day simple moving average of $126.31. NVIDIA Co. has a 12 month low of $86.62 and a 12 month high of $195.95. The firm has a market cap of $3.45 trillion, a PE ratio of 55.64, 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.

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 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%. The company's revenue for the quarter was up 69.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.61 earnings per share. Equities research analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be given a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's dividend payout ratio is currently 1.29%.

Insider Activity

In other NVIDIA news, Director Robert K. Burgess sold 50,000 shares of the business's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $134.82, for a total transaction of $6,741,000.00. Following the transaction, the director now owns 201,044 shares in the company, valued at $27,104,752.08. The trade was a 19.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the sale, the insider now owns 479,428 shares of the company's stock, valued at $55,997,190.40. This trade represents a 0.93% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 197,147 shares of company stock worth $23,874,207. 4.17% of the stock is currently owned by 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.