Pachira Investments Inc. Purchases 419 Shares of NVIDIA Co. (NASDAQ:NVDA)

Pachira Investments Inc. boosted its position in NVIDIA Co. (NASDAQ:NVDA) by 6.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,585 shares of the computer hardware maker’s stock after buying an additional 419 shares during the quarter. Pachira Investments Inc.’s holdings in NVIDIA were worth $905,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Sapient Capital LLC boosted its stake in shares of NVIDIA by 1.9% in the 4th quarter. Sapient Capital LLC now owns 806,146 shares of the computer hardware maker’s stock valued at $108,257,000 after purchasing an additional 14,898 shares in the last quarter. Paladin Wealth LLC lifted its stake in NVIDIA by 11.2% in the fourth quarter. Paladin Wealth LLC now owns 21,207 shares of the computer hardware maker’s stock worth $2,848,000 after purchasing an additional 2,139 shares during the last quarter. Pineridge Advisors LLC boosted its position in NVIDIA by 95.8% during the fourth quarter. Pineridge Advisors LLC now owns 2,818 shares of the computer hardware maker’s stock valued at $378,000 after buying an additional 1,379 shares during the period. Panoramic Capital Partners LLC bought a new position in shares of NVIDIA during the fourth quarter valued at about $2,095,000. Finally, International Private Wealth Advisors LLC increased its holdings in shares of NVIDIA by 202.0% in the fourth quarter. International Private Wealth Advisors LLC now owns 21,960 shares of the computer hardware maker’s stock worth $2,949,000 after buying an additional 14,688 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on NVDA shares. Evercore ISI boosted their price objective on NVIDIA from $189.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Rosenblatt Securities reiterated a “buy” rating and issued a $220.00 price target on shares of NVIDIA in a report on Monday, February 24th. Citigroup upped their price objective on shares of NVIDIA from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Stifel Nicolaus lifted their target price on shares of NVIDIA from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Tigress Financial reissued a “buy” rating on shares of NVIDIA in a research note on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $171.69.

NVIDIA Stock Performance

NVIDIA stock opened at $115.58 on Friday. The stock has a fifty day moving average of $129.71 and a two-hundred day moving average of $131.20. NVIDIA Co. has a fifty-two week low of $75.61 and a fifty-two week high of $153.13. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The company has a market capitalization of $2.82 trillion, a price-to-earnings ratio of 45.49, a PEG ratio of 1.76 and a beta of 1.77.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. On average, analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.01 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is 1.36%.

Insider Transactions at NVIDIA

In related news, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $151.10, for a total value of $5,509,408.20. Following the sale, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at $589,726,376.80. This trade represents a 0.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Dabiri sold 2,663 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the sale, the director now owns 17,279 shares in the company, valued at approximately $1,900,690. This represents a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,039,125 shares of company stock valued at $137,062,338. Insiders own 4.23% of the company’s stock.

NVIDIA 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.