NVIDIA Co. (NASDAQ:NVDA) is Los Angeles Capital Management LLC's 3rd Largest Position

Los Angeles Capital Management LLC increased its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,947,224 shares of the computer hardware maker's stock after buying an additional 82,484 shares during the quarter. NVIDIA comprises about 3.6% of Los Angeles Capital Management LLC's investment portfolio, making the stock its 3rd biggest position. Los Angeles Capital Management LLC owned 0.08% of NVIDIA worth $964,304,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in NVDA. Lodestar Private Asset Management LLC grew its position in NVIDIA by 1.0% in the fourth quarter. Lodestar Private Asset Management LLC now owns 1,652 shares of the computer hardware maker's stock valued at $818,000 after purchasing an additional 17 shares in the last quarter. Campbell Newman Asset Management Inc. grew its position in NVIDIA by 0.6% in the fourth quarter. Campbell Newman Asset Management Inc. now owns 2,991 shares of the computer hardware maker's stock valued at $1,481,000 after purchasing an additional 18 shares in the last quarter. Kraft Davis & Associates LLC grew its position in NVIDIA by 0.6% in the fourth quarter. Kraft Davis & Associates LLC now owns 3,048 shares of the computer hardware maker's stock valued at $1,509,000 after purchasing an additional 18 shares in the last quarter. IAG Wealth Partners LLC grew its position in NVIDIA by 4.4% in the fourth quarter. IAG Wealth Partners LLC now owns 430 shares of the computer hardware maker's stock valued at $213,000 after purchasing an additional 18 shares in the last quarter. Finally, Aprio Wealth Management LLC grew its position in shares of NVIDIA by 1.8% in the 4th quarter. Aprio Wealth Management LLC now owns 1,056 shares of the computer hardware maker's stock valued at $523,000 after acquiring an additional 19 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Price Performance

Shares of NVIDIA stock traded up $11.31 during midday trading on Friday, hitting $898.78. 33,532,541 shares of the company traded hands, compared to its average volume of 45,935,060. The stock has a market cap of $2.25 trillion, a price-to-earnings ratio of 75.27, a PEG ratio of 1.27 and a beta of 1.75. 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 firm's fifty day moving average price is $878.36 and its 200-day moving average price is $665.88. NVIDIA Co. has a 12 month low of $280.46 and a 12 month high of $974.00.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.21 by $0.95. The company had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The firm's revenue was up 265.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.65 EPS. As a group, sell-side analysts forecast that NVIDIA Co. will post 22.55 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Insiders Place Their Bets

In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of the business's 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 directly owns 1,052,133 shares of the company's stock, valued at approximately $925,845,476.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of the business's 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 directly owns 1,052,133 shares of the company's stock, valued at approximately $925,845,476.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Donald F. Robertson, Jr. sold 450 shares of the business's stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total transaction of $410,229.00. Following the sale, the insider now directly owns 49,815 shares in the company, valued at $45,412,350.30. The disclosure for this sale can be found here. Insiders have sold 61,278 shares of company stock valued at $52,689,898 in the last ninety days. 3.99% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Mizuho lifted their price objective on shares of NVIDIA from $850.00 to $1,000.00 and gave the company a "buy" rating in a research report on Thursday, March 7th. Wolfe Research lifted their price objective on shares of NVIDIA from $630.00 to $900.00 and gave the company an "outperform" rating in a research report on Thursday, February 22nd. Citigroup lifted their price objective on shares of NVIDIA from $820.00 to $1,030.00 and gave the company a "buy" rating in a research report on Wednesday, March 20th. Susquehanna reissued a "positive" rating and issued a $1,050.00 price objective on shares of NVIDIA in a research report on Thursday, April 4th. Finally, Jefferies Financial Group lifted their target price on shares of NVIDIA from $610.00 to $780.00 and gave the stock a "buy" rating in a report on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $951.55.

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.