NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Capital World Investors

Capital World Investors lifted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 6.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 140,921,614 shares of the computer hardware maker's stock after acquiring an additional 8,555,411 shares during the quarter. NVIDIA makes up about 2.9% of Capital World Investors' portfolio, making the stock its 4th biggest holding. Capital World Investors owned 0.58% of NVIDIA worth $18,925,009,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tacita Capital Inc acquired a new position in shares of NVIDIA during the 4th quarter worth approximately $28,000. Legend Financial Advisors Inc. acquired a new position in shares of NVIDIA during the 4th quarter worth approximately $34,000. Vision Financial Markets LLC acquired a new position in shares of NVIDIA during the 4th quarter worth approximately $38,000. Luken Investment Analytics LLC acquired a new position in shares of NVIDIA during the 4th quarter worth approximately $40,000. Finally, Lowe Wealth Advisors LLC acquired a new position in shares of NVIDIA during the 4th quarter worth approximately $46,000. 65.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NVDA has been the topic of a number of analyst reports. Wedbush restated an "outperform" rating and set a $175.00 target price on shares of NVIDIA in a research report on Wednesday, April 16th. Piper Sandler restated an "overweight" rating on shares of NVIDIA in a research report on Friday, April 25th. Stifel Nicolaus set a $180.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Susquehanna reiterated a "positive" rating and set a $180.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, Truist Financial increased their price target on shares of NVIDIA from $204.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $164.84.

Insider Transactions at NVIDIA

In other news, CFO Colette Kress sold 66,660 shares of the stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the sale, the chief financial officer now directly owns 3,085,765 shares in the company, valued at $360,509,924.95. This represents a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John Dabiri sold 2,663 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the sale, the director now owns 17,279 shares of the company's stock, valued at approximately $1,900,690. This trade represents a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock worth $17,133,207 over the last three months. 4.23% of the stock is owned by company insiders.

NVIDIA Trading Up 0.4%

Shares of NVDA traded up $0.57 during trading hours on Friday, hitting $135.40. 221,859,039 shares of the stock were exchanged, compared to its average volume of 294,737,502. NVIDIA Co. has a fifty-two week low of $86.62 and a fifty-two week high of $195.95. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The business has a 50-day moving average of $112.33 and a 200-day moving average of $127.06. The firm 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 (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $39.33 billion during the quarter, compared to analysts' expectations of $38.16 billion. On average, research analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 0.03%. The ex-dividend date was Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is presently 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.