William Allan Corp Raises Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

William Allan Corp increased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 12.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,445 shares of the computer hardware maker’s stock after buying an additional 270 shares during the quarter. William Allan Corp’s holdings in NVIDIA were worth $328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of NVDA. Ameliora Wealth Management Ltd. raised its position in NVIDIA by 227.4% during the fourth quarter. Ameliora Wealth Management Ltd. now owns 42,826 shares of the computer hardware maker’s stock worth $5,751,000 after acquiring an additional 29,746 shares during the period. BSN CAPITAL PARTNERS Ltd grew its holdings in shares of NVIDIA by 163.1% during the 4th quarter. BSN CAPITAL PARTNERS Ltd now owns 1,133,380 shares of the computer hardware maker’s stock worth $148,964,000 after purchasing an additional 702,666 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of NVIDIA by 10.3% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 3,656,655 shares of the computer hardware maker’s stock valued at $491,052,000 after acquiring an additional 341,939 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in NVIDIA by 0.3% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 63,615,639 shares of the computer hardware maker’s stock worth $8,542,944,000 after acquiring an additional 186,761 shares in the last quarter. Finally, Telligent Fund LP acquired a new position in shares of NVIDIA in the fourth quarter valued at approximately $16,921,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Price Performance

NVIDIA stock opened at $112.69 on Friday. The business’s fifty day moving average is $131.66 and its two-hundred day moving average is $131.63. The firm has a market cap of $2.75 trillion, a P/E ratio of 44.35, a P/E/G ratio of 1.76 and a beta of 1.77. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Co. has a 52 week low of $75.61 and a 52 week high of $153.13.

NVIDIA (NASDAQ:NVDA) last posted its quarterly 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. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $39.33 billion for the quarter, compared to analysts’ expectations of $38.16 billion. Equities research analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have weighed in on NVDA shares. Morgan Stanley restated an “overweight” rating and issued a $162.00 price target (up from $152.00) on shares of NVIDIA in a research note on Wednesday, February 26th. Stifel Nicolaus upped their price objective on shares of NVIDIA from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Bank of America upped their price target on shares of NVIDIA from $190.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Tigress Financial restated a “buy” rating on shares of NVIDIA in a research report on Wednesday, February 26th. Finally, Loop Capital reissued a “buy” rating and issued a $175.00 price target on shares of NVIDIA in a report on Wednesday, November 20th. Four equities research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and a consensus target price of $171.69.

Insider Activity at NVIDIA

In other NVIDIA news, EVP Ajay K. Puri sold 36,462 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the completion of the transaction, the executive vice president now directly owns 3,902,888 shares in the company, valued at $589,726,376.80. This trade represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Colette Kress sold 66,670 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the completion of the sale, the chief financial officer now owns 3,351,572 shares of the company’s stock, valued at approximately $453,802,848.80. This represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,107,632 shares of company stock worth $146,405,286. 4.23% of the stock is owned by company 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.