NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Wealth Dimensions Group Ltd.

Wealth Dimensions Group Ltd. grew its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 15.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 48,004 shares of the computer hardware maker's stock after acquiring an additional 6,497 shares during the period. NVIDIA comprises 1.6% of Wealth Dimensions Group Ltd.'s investment portfolio, making the stock its 17th biggest position. Wealth Dimensions Group Ltd.'s holdings in NVIDIA were worth $6,446,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. TD Waterhouse Canada Inc. grew its holdings in NVIDIA by 5.6% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,326,815 shares of the computer hardware maker's stock valued at $178,059,000 after purchasing an additional 69,888 shares during the period. Tower Research Capital LLC TRC increased its holdings in NVIDIA by 114.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,742,933 shares of the computer hardware maker's stock worth $234,058,000 after acquiring an additional 930,495 shares during the last quarter. Transatlantique Private Wealth LLC raised its stake in NVIDIA by 18.1% in the 4th quarter. Transatlantique Private Wealth LLC now owns 9,487 shares of the computer hardware maker's stock valued at $1,274,000 after acquiring an additional 1,455 shares during the period. Tradition Wealth Management LLC lifted its holdings in NVIDIA by 13.5% during the fourth quarter. Tradition Wealth Management LLC now owns 151,301 shares of the computer hardware maker's stock valued at $20,318,000 after purchasing an additional 17,967 shares during the last quarter. Finally, Transce3nd LLC bought a new position in NVIDIA during the fourth quarter worth about $895,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Price Performance

NASDAQ:NVDA traded up $0.17 during trading hours on Monday, hitting $135.57. 192,257,358 shares of the stock traded hands, compared to its average volume of 294,328,000. The company has a market cap of $3.32 trillion, a price-to-earnings ratio of 53.35, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a 1 year low of $86.62 and a 1 year high of $195.95. The stock has a 50 day moving average price of $112.33 and a 200 day moving average price of $126.93. 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 released its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. The company had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. Sell-side analysts forecast that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were given a $0.01 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's payout ratio is 1.36%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on NVDA shares. Mizuho dropped their price target on shares of NVIDIA from $175.00 to $168.00 and set an "outperform" rating on the stock in a research note on Friday, March 14th. HSBC lowered NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target for the company. in a report on Thursday, April 3rd. Wedbush reissued an "outperform" rating and set a $175.00 price objective on shares of NVIDIA in a report on Wednesday, April 16th. DZ Bank raised NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. Finally, Bank of America increased their price target on shares of NVIDIA from $150.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $164.84.

Insider Buying and Selling

In other NVIDIA news, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the transaction, the chief financial officer now owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. This trade represents a 2.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction that occurred on 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 approximately $1,900,690. This represents a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock worth $17,133,207 in the last ninety days. 4.23% of the stock is 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.