International Assets Investment Management LLC Has $16.87 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

International Assets Investment Management LLC increased its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 9.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,059 shares of the computer hardware maker’s stock after acquiring an additional 2,893 shares during the quarter. International Assets Investment Management LLC’s holdings in NVIDIA were worth $16,867,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. LA Financiere DE L Echiquier grew its stake in NVIDIA by 23.8% in the fourth quarter. LA Financiere DE L Echiquier now owns 262,132 shares of the computer hardware maker’s stock valued at $129,813,000 after acquiring an additional 50,381 shares during the period. Trivant Custom Portfolio Group LLC grew its position in shares of NVIDIA by 7,743.9% in the 4th quarter. Trivant Custom Portfolio Group LLC now owns 7,687 shares of the computer hardware maker’s stock valued at $3,806,000 after purchasing an additional 7,589 shares during the period. Instrumental Wealth LLC raised its holdings in NVIDIA by 5.5% during the 4th quarter. Instrumental Wealth LLC now owns 799 shares of the computer hardware maker’s stock worth $396,000 after buying an additional 42 shares during the period. Strategic Blueprint LLC lifted its stake in NVIDIA by 0.4% in the fourth quarter. Strategic Blueprint LLC now owns 20,252 shares of the computer hardware maker’s stock valued at $10,029,000 after buying an additional 89 shares in the last quarter. Finally, O Brien Wealth Partners LLC lifted its stake in NVIDIA by 139.5% in the fourth quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock valued at $45,000 after buying an additional 53 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Transactions at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total value of $410,229.00. Following the transaction, the insider now directly owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total transaction of $410,229.00. Following the completion of the sale, the insider now directly owns 49,815 shares in the company, valued at approximately $45,412,350.30. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Mark A. Stevens sold 22,700 shares of NVIDIA stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the transaction, the director now owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The disclosure for this sale can be found here. In the last 90 days, insiders sold 61,278 shares of company stock valued at $52,689,898. Company insiders own 3.99% of the company’s stock.

NVIDIA Stock Up 3.5 %

NASDAQ NVDA opened at $887.89 on Friday. The company has a market cap of $2.22 trillion, a price-to-earnings ratio of 74.36, a PEG ratio of 1.23 and a beta of 1.75. NVIDIA Co. has a 1-year low of $272.40 and a 1-year high of $974.00. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average of $867.38 and a 200-day moving average of $649.27.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating the consensus estimate of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $20.40 billion. During the same period in the previous year, the firm earned $0.65 EPS. The company’s quarterly revenue was up 265.3% compared to the same quarter last year. On average, equities research analysts expect that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA’s payout ratio is presently 1.34%.

Wall Street Analysts Forecast Growth

NVDA has been the topic of several research reports. Sanford C. Bernstein boosted their price objective on shares of NVIDIA from $700.00 to $1,000.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Oppenheimer upped their price objective on NVIDIA from $850.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 20th. Wells Fargo & Company lifted their target price on NVIDIA from $840.00 to $970.00 and gave the company an “overweight” rating in a research report on Tuesday, March 19th. Piper Sandler raised their price target on shares of NVIDIA from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. Finally, Raymond James lifted their price objective on shares of NVIDIA from $850.00 to $1,100.00 and gave the company a “strong-buy” rating in a report on Thursday, April 11th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $941.55.

About NVIDIA

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.