Knights of Columbus Asset Advisors LLC Grows Stake in NVIDIA Co. (NASDAQ:NVDA)

Knights of Columbus Asset Advisors LLC raised its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 387,558 shares of the computer hardware maker's stock after purchasing an additional 16,844 shares during the period. NVIDIA comprises about 3.4% of Knights of Columbus Asset Advisors LLC's portfolio, making the stock its 3rd largest holding. Knights of Columbus Asset Advisors LLC's holdings in NVIDIA were worth $52,045,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in NVDA. SOA Wealth Advisors LLC. increased its stake in NVIDIA by 0.3% during the third quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker's stock valued at $14,650,000 after purchasing an additional 350 shares during the last quarter. Swedbank AB grew its position in shares of NVIDIA by 4.8% during the third quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker's stock worth $4,965,526,000 after acquiring an additional 1,868,358 shares during the last quarter. Impax Asset Management Group plc grew its position in shares of NVIDIA by 13.2% during the third quarter. Impax Asset Management Group plc now owns 5,501,589 shares of the computer hardware maker's stock worth $667,278,000 after acquiring an additional 640,840 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of NVIDIA by 3.7% during the third quarter. Principal Financial Group Inc. now owns 35,627,274 shares of the computer hardware maker's stock worth $4,326,576,000 after acquiring an additional 1,285,897 shares during the last quarter. Finally, Truxt Investmentos Ltda. bought a new position in shares of NVIDIA during the third quarter worth about $3,259,000. Institutional investors own 65.27% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on NVDA shares. TD Cowen lowered their price target on shares of NVIDIA from $175.00 to $140.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Barclays lowered 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. Summit Insights lowered shares of NVIDIA from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. Stifel Nicolaus set a $180.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, DZ Bank upgraded shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. Six investment analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $164.96.

NVIDIA Trading Up 0.3 %

NVIDIA stock traded up $0.29 during midday trading on Tuesday, reaching $109.02. The stock had a trading volume of 168,927,158 shares, compared to its average volume of 303,379,680. The firm's fifty day simple moving average is $111.97 and its two-hundred day simple moving average is $128.63. NVIDIA Co. has a twelve month low of $81.25 and a twelve month 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 firm has a market cap of $2.66 trillion, a price-to-earnings ratio of 42.90, a PEG ratio of 1.76 and a beta of 1.96.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $38.16 billion. Equities analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently announced 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 of this dividend 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 1.36%.

Insiders Place Their Bets

In other NVIDIA news, CFO Colette Kress sold 66,660 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the sale, the chief financial officer now owns 3,085,765 shares in the company, valued at $360,509,924.95. This represents a 2.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm'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 owns 479,428 shares in the company, valued at $55,997,190.40. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock worth $17,133,207 in the last quarter. 4.23% of the stock is currently owned by corporate insiders.

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.