NVIDIA Co. (NASDAQ:NVDA) Stake Raised by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,403,752 shares of the computer hardware maker's stock after purchasing an additional 19,396 shares during the period. NVIDIA makes up about 2.7% of Zurcher Kantonalbank Zurich Cantonalbank's holdings, making the stock its 4th biggest position. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.06% of NVIDIA worth $695,166,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of NVDA. LFA Lugano Financial Advisors SA bought a new stake in NVIDIA during the 4th quarter worth approximately $28,000. Your Advocates Ltd. LLP bought a new stake in NVIDIA during the 3rd quarter worth approximately $30,000. O Brien Wealth Partners LLC increased its holdings in NVIDIA by 139.5% during the 4th quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker's stock worth $45,000 after acquiring an additional 53 shares during the period. Trivant Custom Portfolio Group LLC grew its stake in NVIDIA by 44.1% in the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker's stock worth $43,000 after buying an additional 30 shares in the last quarter. Finally, Beacon Capital Management Inc. purchased a new position in NVIDIA in the 4th quarter worth approximately $50,000. Institutional investors own 65.27% of the company's stock.

NVIDIA Stock Performance

NASDAQ NVDA traded up $29.55 on Thursday, reaching $826.32. 41,965,828 shares of the stock were exchanged, compared to its average volume of 52,123,535. NVIDIA Co. has a one year low of $266.25 and a one year high of $974.00. The firm has a market capitalization of $2.07 trillion, a PE ratio of 69.21, a PEG ratio of 1.18 and a beta of 1.73. The company's 50-day simple moving average is $851.37 and its two-hundred day simple moving average is $632.39. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, topping analysts' consensus estimates of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company had revenue of $22.10 billion for the quarter, compared to analysts' expectations of $20.40 billion. During the same quarter last year, the business earned $0.65 EPS. The firm's revenue was up 265.3% compared to the same quarter last year. Analysts expect that NVIDIA Co. will post 22.55 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA's payout ratio is currently 1.34%.

Analysts Set New Price Targets

NVDA has been the subject of a number of research reports. HSBC upped their price objective on shares of NVIDIA from $880.00 to $1,050.00 and gave the company a "buy" rating in a research note on Monday, March 18th. Piper Sandler upped their price target on shares of NVIDIA from $850.00 to $1,050.00 and gave the company an "overweight" rating in a report on Wednesday, March 20th. Loop Capital started coverage on shares of NVIDIA in a report on Friday, February 16th. They issued a "buy" rating and a $1,200.00 price objective for the company. Tigress Financial upped their price objective on shares of NVIDIA from $790.00 to $985.00 and gave the stock a "buy" rating in a report on Thursday, February 29th. Finally, Susquehanna restated a "positive" rating and issued a $1,050.00 price objective on shares of NVIDIA in a report on Thursday, April 4th. Four analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $940.30.

Insider Activity

In other news, Director Mark A. Stevens sold 22,700 shares of NVIDIA stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the sale, the director now owns 1,052,133 shares in the company, valued at $925,845,476.01. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Mark A. Stevens sold 22,700 shares of the firm's stock in a transaction on Friday, April 5th. The shares were sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the transaction, the director now directly owns 1,052,133 shares of the company's stock, valued at $925,845,476.01. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Donald F. Robertson, Jr. sold 450 shares of the firm's stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total transaction of $410,229.00. Following the completion of the transaction, the insider now directly owns 49,815 shares of the company's stock, valued at $45,412,350.30. The disclosure for this sale can be found here. Insiders have sold a total of 61,278 shares of company stock worth $52,689,898 over the last quarter. Insiders own 3.99% of the company's stock.

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.