NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC increased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 26.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 247,450 shares of the computer hardware maker's stock after acquiring an additional 52,482 shares during the period. NVIDIA makes up approximately 2.4% of Arete Wealth Advisors LLC's portfolio, making the stock its 5th biggest holding. Arete Wealth Advisors LLC's holdings in NVIDIA were worth $33,306,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Motley Fool Asset Management LLC boosted its stake in shares of NVIDIA by 13.3% during the 4th quarter. Motley Fool Asset Management LLC now owns 829,491 shares of the computer hardware maker's stock worth $111,392,000 after acquiring an additional 97,387 shares in the last quarter. Westpac Banking Corp raised its holdings in NVIDIA by 7.1% during the fourth quarter. Westpac Banking Corp now owns 767,007 shares of the computer hardware maker's stock worth $103,001,000 after purchasing an additional 50,575 shares during the last quarter. Nicolet Advisory Services LLC boosted its position in NVIDIA by 2.5% during the fourth quarter. Nicolet Advisory Services LLC now owns 90,609 shares of the computer hardware maker's stock worth $12,315,000 after purchasing an additional 2,231 shares in the last quarter. Martin Worley Group acquired a new stake in NVIDIA in the fourth quarter valued at $376,000. Finally, Disciplined Investors L.L.C. purchased a new position in shares of NVIDIA in the fourth quarter valued at $281,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $113.82 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA Co. has a 1-year low of $86.62 and a 1-year high of $195.95. The company has a market capitalization of $2.78 trillion, a price-to-earnings ratio of 44.79, a PEG ratio of 1.76 and a beta of 2.11. The business has a 50-day moving average of $110.50 and a 200-day moving average of $127.91.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping 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 firm had revenue of $39.33 billion during the quarter, compared to analysts' expectations of $38.16 billion. On average, equities analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Insider Activity

In related news, Director John Dabiri sold 2,663 shares of the company's stock in a transaction 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 sale, the director now directly owns 17,279 shares of the company's stock, valued at $1,900,690. This represents a 13.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the completion of the transaction, the insider now owns 479,428 shares of the company's stock, valued at $55,997,190.40. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock worth $17,133,207 over the last ninety days. Corporate insiders own 4.23% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Cantor Fitzgerald reissued an "overweight" rating and issued a $200.00 price objective on shares of NVIDIA in a research note on Wednesday, April 16th. Truist Financial raised their price objective on shares of NVIDIA from $204.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Wedbush reaffirmed an "outperform" rating and issued a $175.00 target price on shares of NVIDIA in a research note on Wednesday, April 16th. Mizuho lowered their target price on NVIDIA from $175.00 to $168.00 and set an "outperform" rating on the stock in a report on Friday, March 14th. Finally, DZ Bank raised NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA has a consensus rating of "Moderate Buy" and an average price target of $164.96.

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.

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