NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by PFG Investments LLC

PFG Investments LLC lifted its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 88.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,982 shares of the computer hardware maker's stock after purchasing an additional 22,493 shares during the quarter. NVIDIA comprises about 2.6% of PFG Investments LLC's portfolio, making the stock its 3rd biggest position. PFG Investments LLC's holdings in NVIDIA were worth $43,355,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in NVDA. Norges Bank acquired a new stake in NVIDIA during the 4th quarter worth about $14,606,369,000. International Assets Investment Management LLC lifted its position in NVIDIA by 54,019.5% during the 4th quarter. International Assets Investment Management LLC now owns 16,866,869 shares of the computer hardware maker's stock worth $8,352,811,000 after acquiring an additional 16,835,703 shares during the period. Global Assets Advisory LLC acquired a new stake in NVIDIA during the 1st quarter worth about $4,826,280,000. Vanguard Group Inc. lifted its position in NVIDIA by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 203,680,199 shares of the computer hardware maker's stock worth $88,598,850,000 after acquiring an additional 2,287,471 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of NVIDIA by 44.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,349,610 shares of the computer hardware maker's stock valued at $3,144,490,000 after buying an additional 1,941,637 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Price Performance

Shares of NVDA stock traded up $51.03 during trading hours on Friday, reaching $877.35. The company had a trading volume of 54,877,793 shares, compared to its average volume of 43,852,452. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17. The stock has a fifty day moving average of $854.40 and a 200-day moving average of $636.58. The company has a market capitalization of $2.19 trillion, a price-to-earnings ratio of 73.48, a PEG ratio of 1.18 and a beta of 1.73. NVIDIA Co. has a 12-month low of $266.25 and a 12-month high of $974.00.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, topping the consensus estimate of $4.21 by $0.95. The company had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm's revenue for the quarter was up 265.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.65 earnings per share. On average, equities analysts anticipate that NVIDIA Co. will post 22.55 earnings per share for the current year.

NVIDIA Announces Dividend

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

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 5,000 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $800.74, for a total value of $4,003,700.00. Following the completion of the transaction, the director now directly owns 1,119,583 shares in the company, valued at $896,494,891.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other NVIDIA news, Director Mark A. Stevens sold 12,000 shares of the company's stock in a transaction on Monday, March 4th. The stock was sold at an average price of $853.54, for a total transaction of $10,242,480.00. Following the transaction, the director now directly owns 1,107,583 shares in the company, valued at $945,366,393.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 5,000 shares of the company's stock in a transaction on Monday, February 26th. The stock was sold at an average price of $800.74, for a total value of $4,003,700.00. Following the transaction, the director now owns 1,119,583 shares in the company, valued at $896,494,891.42. The disclosure for this sale can be found here. Over the last three months, insiders sold 61,278 shares of company stock worth $52,689,898. Company insiders own 3.99% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NVDA. Cantor Fitzgerald reissued an "overweight" rating and issued a $900.00 price objective on shares of NVIDIA in a report on Monday, March 4th. Stifel Nicolaus reissued a "buy" rating and issued a $910.00 price objective on shares of NVIDIA in a report on Wednesday, March 20th. Needham & Company LLC boosted their price objective on NVIDIA from $600.00 to $850.00 and gave the company a "buy" rating in a report on Thursday, February 22nd. Loop Capital began coverage on NVIDIA in a report on Friday, February 16th. They issued a "buy" rating and a $1,200.00 price objective for the company. Finally, Wedbush reissued an "outperform" rating and issued a $1,000.00 price objective on shares of NVIDIA in a report on Tuesday, March 19th. Four research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and an average price target of $940.30.

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.

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