Mirabella Financial Services LLP Purchases 234,200 Shares of NVIDIA Co. (NASDAQ:NVDA)

Mirabella Financial Services LLP raised its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 657.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 269,836 shares of the computer hardware maker's stock after acquiring an additional 234,200 shares during the period. NVIDIA comprises 3.2% of Mirabella Financial Services LLP's portfolio, making the stock its 4th biggest position. Mirabella Financial Services LLP's holdings in NVIDIA were worth $36,197,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. SOA Wealth Advisors LLC. increased its holdings in shares of NVIDIA by 0.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker's stock worth $14,650,000 after acquiring an additional 350 shares during the last quarter. Principal Financial Group Inc. grew its holdings in NVIDIA by 3.7% in the 3rd quarter. Principal Financial Group Inc. now owns 35,627,274 shares of the computer hardware maker's stock valued at $4,326,576,000 after buying an additional 1,285,897 shares in the last quarter. Cheviot Value Management LLC grew its holdings in shares of NVIDIA by 10.5% during the 3rd quarter. Cheviot Value Management LLC now owns 12,640 shares of the computer hardware maker's stock worth $1,535,000 after purchasing an additional 1,200 shares in the last quarter. Holocene Advisors LP grew its holdings in shares of NVIDIA by 198.0% during the 3rd quarter. Holocene Advisors LP now owns 769,335 shares of the computer hardware maker's stock worth $93,428,000 after purchasing an additional 511,162 shares in the last quarter. Finally, Hollow Brook Wealth Management LLC bought a new stake in shares of NVIDIA during the 3rd quarter worth $293,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Activity at NVIDIA

In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of NVIDIA stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total value of $6,158,388.76. Following the sale, the director now owns 251,044 shares of the company's stock, valued at approximately $28,993,071.56. The trade was a 17.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 completion of the sale, the director now directly owns 17,279 shares in the company, valued at $1,900,690. This represents a 13.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,147 shares of company stock worth $17,133,207 in the last quarter. Company insiders own 4.23% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on NVDA shares. Barclays dropped their target price on NVIDIA from $175.00 to $155.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. HSBC lowered NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 target price on the stock. in a report on Thursday, April 3rd. Piper Sandler restated an "overweight" rating on shares of NVIDIA in a research note on Friday, April 25th. Seaport Res Ptn upgraded NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. Finally, Bank of America upped their price objective on shares of NVIDIA from $150.00 to $160.00 and gave the stock a "buy" rating in a research 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $164.84.

NVIDIA Trading Down 1.9%

Shares of NVDA traded down $2.63 during midday trading on Tuesday, hitting $132.94. 26,619,832 shares of the stock were exchanged, compared to its average volume of 293,317,366. The firm has a market cap of $3.25 trillion, a P/E ratio of 52.39, a P/E/G ratio of 1.76 and a beta of 2.11. The stock has a fifty day simple moving average of $112.73 and a 200 day simple moving average of $126.93. NVIDIA Co. has a 52-week low of $86.62 and a 52-week high of $195.95. 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 (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $39.33 billion for the quarter, compared to analysts' expectations of $38.16 billion. On average, research analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

NVIDIA 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.