NVIDIA Co. (NASDAQ:NVDA) Shares Bought by ICICI Prudential Asset Management Co Ltd

ICICI Prudential Asset Management Co Ltd grew its stake in NVIDIA Co. (NASDAQ:NVDA) by 4.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 129,628 shares of the computer hardware maker’s stock after purchasing an additional 5,647 shares during the quarter. NVIDIA makes up approximately 1.9% of ICICI Prudential Asset Management Co Ltd’s holdings, making the stock its 9th biggest holding. ICICI Prudential Asset Management Co Ltd’s holdings in NVIDIA were worth $17,408,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Vista Capital Partners Inc. increased its stake in NVIDIA by 116.7% during the fourth quarter. Vista Capital Partners Inc. now owns 20,568 shares of the computer hardware maker’s stock valued at $2,762,000 after purchasing an additional 11,077 shares during the last quarter. Strata Wealth Advisors LLC boosted its holdings in shares of NVIDIA by 10.9% in the 4th quarter. Strata Wealth Advisors LLC now owns 22,331 shares of the computer hardware maker’s stock valued at $2,999,000 after buying an additional 2,196 shares during the period. TKG Advisors LLC grew its position in shares of NVIDIA by 8.6% during the 4th quarter. TKG Advisors LLC now owns 42,738 shares of the computer hardware maker’s stock valued at $6,095,000 after buying an additional 3,392 shares during the last quarter. Pasadena Private Wealth LLC raised its stake in NVIDIA by 23.5% during the fourth quarter. Pasadena Private Wealth LLC now owns 8,012 shares of the computer hardware maker’s stock worth $1,076,000 after acquiring an additional 1,524 shares during the period. Finally, Legacy Solutions LLC bought a new position in NVIDIA in the fourth quarter worth about $700,000. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Performance

NVIDIA stock opened at $121.41 on Tuesday. 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 company has a market cap of $2.96 trillion, a P/E ratio of 47.78, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77. NVIDIA Co. has a fifty-two week low of $75.61 and a fifty-two week high of $153.13. The firm’s 50 day simple moving average is $126.68 and its 200-day simple moving average is $131.46.

NVIDIA (NASDAQ:NVDA) last announced 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 the consensus estimate of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. As a group, equities research analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the sale, the chief financial officer now owns 3,085,765 shares of the company’s stock, valued at $360,509,924.95. This trade represents a 2.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Ajay K. Puri sold 36,462 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the transaction, the executive vice president now owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 179,109 shares of company stock valued at $22,117,015 in the last 90 days. 4.23% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently commented on NVDA. HSBC lowered their target price on NVIDIA from $195.00 to $185.00 and set a “buy” rating for the company in a report on Monday, January 13th. Wedbush restated an “outperform” rating and set a $175.00 price objective on shares of NVIDIA in a research note on Thursday, February 20th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $200.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. KeyCorp set a $190.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $160.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $171.51.

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.