NVIDIA Co. (NASDAQ:NVDA) is LaSalle St. Investment Advisors LLC's 7th Largest Position

LaSalle St. Investment Advisors LLC lifted its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 175.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,048 shares of the computer hardware maker's stock after acquiring an additional 36,341 shares during the quarter. NVIDIA accounts for approximately 2.4% of LaSalle St. Investment Advisors LLC's investment portfolio, making the stock its 7th biggest holding. LaSalle St. Investment Advisors LLC's holdings in NVIDIA were worth $7,661,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in NVIDIA during the fourth quarter worth about $43,515,504,000. Clear Street Derivatives LLC acquired a new stake in shares of NVIDIA in the third quarter valued at $4,589,905,000. Proficio Capital Partners LLC raised its holdings in shares of NVIDIA by 14,641.2% in the 4th quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker's stock valued at $4,656,682,000 after buying an additional 34,441,082 shares during the period. APG Asset Management N.V. lifted its stake in NVIDIA by 493.2% during the 4th quarter. APG Asset Management N.V. now owns 18,415,785 shares of the computer hardware maker's stock worth $2,388,272,000 after acquiring an additional 15,311,330 shares in the last quarter. Finally, GQG Partners LLC boosted its holdings in NVIDIA by 132.3% during the 4th quarter. GQG Partners LLC now owns 25,697,930 shares of the computer hardware maker's stock valued at $3,450,975,000 after acquiring an additional 14,636,057 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on NVDA shares. Susquehanna reiterated a "positive" rating and set a $180.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Stifel Nicolaus set a $180.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. DA Davidson cut their price objective on NVIDIA from $125.00 to $120.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Raymond James reiterated a "strong-buy" rating on shares of NVIDIA in a report on Wednesday, April 16th. Finally, Morgan Stanley cut their price target on NVIDIA from $162.00 to $160.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $164.84.

Insider Transactions at NVIDIA

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the transaction, the insider now directly owns 479,428 shares of the company's stock, valued at $55,997,190.40. This represents a 0.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John Dabiri sold 2,663 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the transaction, the director now owns 17,279 shares in the company, valued at $1,900,690. The trade was a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,147 shares of company stock worth $17,133,207. Company insiders own 4.23% of the company's stock.

NVIDIA Stock Performance

NASDAQ:NVDA traded up $5.41 during trading hours on Wednesday, reaching $135.34. 279,277,491 shares of the company's stock were exchanged, compared to its average volume of 296,146,386. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $3.31 trillion, a price-to-earnings ratio of 53.26, a P/E/G ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a 1-year low of $86.62 and a 1-year high of $195.95. The company has a 50-day moving average of $110.79 and a 200 day moving average of $127.08.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $38.16 billion. Research analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were paid a $0.01 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's dividend payout ratio is currently 1.36%.

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.