Prevail Innovative Wealth Advisors LLC Increases Position in NVIDIA Co. (NASDAQ:NVDA)

Prevail Innovative Wealth Advisors LLC lifted its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 36.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,918 shares of the computer hardware maker's stock after purchasing an additional 12,560 shares during the period. NVIDIA comprises 1.8% of Prevail Innovative Wealth Advisors LLC's holdings, making the stock its 10th biggest holding. Prevail Innovative Wealth Advisors LLC's holdings in NVIDIA were worth $6,301,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC lifted its position in shares of NVIDIA by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 546,079,492 shares of the computer hardware maker's stock valued at $66,101,133,000 after acquiring an additional 11,525,969 shares in the last quarter. Norges Bank acquired a new stake in shares of NVIDIA in the fourth quarter worth $43,515,504,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of NVIDIA by 3.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 180,403,789 shares of the computer hardware maker's stock valued at $21,908,236,000 after buying an additional 6,526,200 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in NVIDIA by 3.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 151,280,130 shares of the computer hardware maker's stock valued at $20,315,409,000 after buying an additional 5,211,040 shares during the period. Finally, Amundi lifted its stake in NVIDIA by 12.9% in the 4th quarter. Amundi now owns 117,036,612 shares of the computer hardware maker's stock worth $16,394,224,000 after acquiring an additional 13,406,054 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NVDA. Barclays reduced their price target on shares of NVIDIA from $175.00 to $155.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Bank of America lowered their price target on shares of NVIDIA from $200.00 to $160.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Benchmark reiterated a "buy" rating and set a $190.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Hsbc Global Res lowered NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Finally, Seaport Res Ptn upgraded NVIDIA to a "strong sell" rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $164.96.

NVIDIA Trading Up 2.6 %

Shares of NVDA traded up $2.89 during trading hours on Friday, hitting $114.50. 189,662,858 shares of the stock traded hands, compared to its average volume of 300,818,875. The business has a fifty day moving average of $110.85 and a 200-day moving average of $128.19. The firm has a market capitalization of $2.79 trillion, a PE ratio of 45.06, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a 1-year low of $86.62 and a 1-year high of $195.95. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. The company had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. Analysts expect 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. Investors of record on Wednesday, March 12th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date was Wednesday, March 12th. NVIDIA's dividend payout ratio is currently 1.36%.

Insider Buying and Selling at NVIDIA

In other news, Director John Dabiri sold 2,663 shares of NVIDIA 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert K. Burgess sold 53,324 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total value of $6,158,388.76. Following the sale, the director now directly owns 251,044 shares of the company's stock, valued at approximately $28,993,071.56. The trade was a 17.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 147,147 shares of company stock valued at $17,133,207. Corporate insiders own 4.23% of the company's stock.

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.