Prosperity Advisers LLC Invests $1.20 Million in NVIDIA Corporation $NVDA

Prosperity Advisers LLC bought a new position in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) in the fourth quarter, HoldingsChannel reports. The firm bought 6,437 shares of the computer hardware maker’s stock, valued at approximately $1,201,000. NVIDIA comprises about 1.0% of Prosperity Advisers LLC’s investment portfolio, making the stock its 13th largest position.

Several other institutional investors also recently bought and sold shares of NVDA. Norges Bank purchased a new position in shares of NVIDIA during the second quarter valued at about $51,386,863,000. Capital Research Global Investors increased its holdings in shares of NVIDIA by 16.1% in the third quarter. Capital Research Global Investors now owns 165,377,852 shares of the computer hardware maker’s stock worth $30,855,564,000 after purchasing an additional 22,896,705 shares during the last quarter. Laurel Wealth Advisors LLC lifted its position in shares of NVIDIA by 15,496.1% in the second quarter. Laurel Wealth Advisors LLC now owns 21,865,525 shares of the computer hardware maker’s stock worth $3,454,534,000 after buying an additional 21,725,326 shares in the last quarter. Danske Bank A S bought a new position in NVIDIA during the third quarter valued at approximately $3,180,313,000. Finally, Massachusetts Financial Services Co. MA boosted its stake in NVIDIA by 25.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 71,720,593 shares of the computer hardware maker’s stock valued at $13,381,628,000 after buying an additional 14,358,048 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NVIDIA

In related news, CFO Colette Kress sold 20,000 shares of the stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $174.89, for a total value of $3,497,800.00. Following the sale, the chief financial officer directly owned 83,060 shares of the company’s stock, valued at $14,526,363.40. This represents a 19.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Aarti S. Shah sold 19,000 shares of the firm’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $176.71, for a total transaction of $3,357,490.00. Following the completion of the sale, the director directly owned 36,007 shares of the company’s stock, valued at approximately $6,362,796.97. The trade was a 34.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 953,976 shares of company stock worth $171,173,819. 4.17% of the stock is currently owned by insiders.

NVIDIA Price Performance

Shares of NVIDIA stock opened at $208.28 on Monday. The stock has a market cap of $5.06 trillion, a price-to-earnings ratio of 42.51, a price-to-earnings-growth ratio of 0.69 and a beta of 2.34. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.24 and a current ratio of 3.91. The stock has a 50 day moving average price of $184.84 and a 200-day moving average price of $185.52. NVIDIA Corporation has a one year low of $104.08 and a one year high of $212.19.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its quarterly earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.08. The company had revenue of $68.13 billion for the quarter, compared to analyst estimates of $65.56 billion. NVIDIA had a return on equity of 97.37% and a net margin of 55.60%.NVIDIA’s quarterly revenue was up 73.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.89 EPS. Equities analysts expect that NVIDIA Corporation will post 7.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date was Wednesday, March 11th. NVIDIA’s dividend payout ratio (DPR) is 0.82%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Itau BBA Securities reaffirmed a “market perform” rating on shares of NVIDIA in a research note on Thursday, February 26th. Jefferies Financial Group reiterated a “buy” rating and set a $275.00 target price (up from $250.00) on shares of NVIDIA in a research report on Friday, January 16th. Wall Street Zen lowered shares of NVIDIA from a “strong-buy” rating to a “buy” rating in a report on Sunday. Piper Sandler restated an “overweight” rating on shares of NVIDIA in a research report on Thursday, February 26th. Finally, Wolfe Research upped their price target on shares of NVIDIA from $250.00 to $275.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Four research analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $275.25.

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About NVIDIA

(Free Report)

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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