Foster Dykema Cabot & Partners LLC Acquires 144,997 Shares of NVIDIA Co. (NASDAQ:NVDA)

Foster Dykema Cabot & Partners LLC grew its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 1,491.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 154,720 shares of the computer hardware maker's stock after purchasing an additional 144,997 shares during the quarter. NVIDIA makes up approximately 1.6% of Foster Dykema Cabot & Partners LLC's holdings, making the stock its 23rd biggest holding. Foster Dykema Cabot & Partners LLC's holdings in NVIDIA were worth $20,777,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. First Commonwealth Financial Corp PA raised its stake in shares of NVIDIA by 0.9% in the 4th quarter. First Commonwealth Financial Corp PA now owns 38,830 shares of the computer hardware maker's stock valued at $5,214,000 after purchasing an additional 343 shares in the last quarter. Capital Square LLC grew its position in shares of NVIDIA by 40.2% during the 4th quarter. Capital Square LLC now owns 10,550 shares of the computer hardware maker's stock valued at $1,505,000 after buying an additional 3,027 shares during the last quarter. Osterweis Capital Management Inc. grew its position in shares of NVIDIA by 2,750.6% during the 4th quarter. Osterweis Capital Management Inc. now owns 281,781 shares of the computer hardware maker's stock valued at $37,841,000 after buying an additional 271,896 shares during the last quarter. Altshuler Shaham Ltd grew its position in shares of NVIDIA by 67.3% during the 4th quarter. Altshuler Shaham Ltd now owns 89,750 shares of the computer hardware maker's stock valued at $11,779,000 after buying an additional 36,088 shares during the last quarter. Finally, Demars Financial Group LLC grew its position in shares of NVIDIA by 13,293.6% during the 4th quarter. Demars Financial Group LLC now owns 5,630,809 shares of the computer hardware maker's stock valued at $756,161,000 after buying an additional 5,588,768 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Activity at NVIDIA

In related news, Director John Dabiri sold 2,663 shares of the company's 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 completion of the sale, the director now owns 17,279 shares in the company, valued at approximately $1,900,690. This represents a 13.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the completion of the sale, the director now owns 53,208 shares of the company's stock, valued at approximately $6,300,891.36. The trade was a 27.32% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 147,147 shares of company stock worth $17,133,207. 4.23% of the stock is owned by corporate insiders.

NVIDIA Price Performance

NASDAQ:NVDA traded up $0.57 during trading hours on Friday, reaching $135.40. 221,859,039 shares of the company's stock were exchanged, compared to its average volume of 294,737,502. The company has a market capitalization of $3.31 trillion, a P/E ratio of 53.29, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a 12 month low of $86.62 and a 12 month high of $195.95. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The business's 50-day simple moving average is $112.33 and its two-hundred day simple moving average is $126.93.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.05. The firm had revenue of $39.33 billion during the quarter, compared to analysts' expectations of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. Sell-side analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on NVDA shares. Stifel Nicolaus set a $180.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Piper Sandler reaffirmed an "overweight" rating on shares of NVIDIA in a research report on Friday, April 25th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $200.00 price objective on shares of NVIDIA in a research report on Wednesday, April 16th. HSBC downgraded shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective for the company. in a research report on Thursday, April 3rd. Finally, DZ Bank upgraded shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, NVIDIA has a consensus rating of "Moderate Buy" and an average price target of $164.84.

About NVIDIA

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.