NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. grew its position in shares of NVIDIA Co. (NASDAQ:NVDAFree Report) by 75.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,976 shares of the computer hardware maker’s stock after buying an additional 7,750 shares during the quarter. NVIDIA makes up about 1.7% of EFG Asset Management North America Corp.’s investment portfolio, making the stock its 6th largest holding. EFG Asset Management North America Corp.’s holdings in NVIDIA were worth $8,902,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in NVDA. Bedel Financial Consulting Inc. raised its stake in shares of NVIDIA by 10.7% in the 4th quarter. Bedel Financial Consulting Inc. now owns 2,262 shares of the computer hardware maker’s stock valued at $1,120,000 after acquiring an additional 219 shares in the last quarter. Oxbow Advisors LLC raised its stake in shares of NVIDIA by 151.7% in the 4th quarter. Oxbow Advisors LLC now owns 2,087 shares of the computer hardware maker’s stock valued at $1,034,000 after acquiring an additional 1,258 shares in the last quarter. Sound View Wealth Advisors Group LLC raised its stake in shares of NVIDIA by 5.8% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 20,642 shares of the computer hardware maker’s stock valued at $10,222,000 after acquiring an additional 1,123 shares in the last quarter. OMNI 360 Wealth Inc. bought a new position in shares of NVIDIA in the 4th quarter valued at approximately $240,000. Finally, Laffer Tengler Investments Inc. raised its stake in shares of NVIDIA by 2.2% in the 4th quarter. Laffer Tengler Investments Inc. now owns 1,552 shares of the computer hardware maker’s stock valued at $769,000 after acquiring an additional 34 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Raymond James raised their price objective on NVIDIA from $850.00 to $1,100.00 and gave the company a “strong-buy” rating in a research note on Thursday, April 11th. Argus lifted their price target on NVIDIA from $850.00 to $950.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Wedbush reaffirmed an “outperform” rating and issued a $1,000.00 price target on shares of NVIDIA in a research report on Thursday, May 16th. The Goldman Sachs Group lifted their price target on NVIDIA from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Finally, Piper Sandler lifted their price target on NVIDIA from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. Four analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,002.18.

View Our Latest Report on NVDA

NVIDIA Trading Down 0.5 %

NVDA stock opened at $949.50 on Thursday. The company has a market cap of $2.34 trillion, a P/E ratio of 79.52, a PEG ratio of 1.33 and a beta of 1.75. NVIDIA Co. has a twelve month low of $298.06 and a twelve month high of $974.00. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. The business has a fifty day moving average of $886.29 and a 200-day moving average of $696.36.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its earnings results on Wednesday, May 22nd. The computer hardware maker reported $6.12 earnings per share for the quarter, topping analysts’ consensus estimates of $5.14 by $0.98. The company had revenue of $26.04 billion during the quarter, compared to the consensus estimate of $24.59 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm’s quarterly revenue was up 262.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.88 earnings per share. As a group, equities research analysts expect that NVIDIA Co. will post 23.18 EPS for the current year.

NVIDIA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Tuesday, June 11th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.04%. This is an increase from NVIDIA’s previous quarterly dividend of $0.04. NVIDIA’s payout ratio is presently 1.34%.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 22,700 shares of the business’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the completion of the sale, the director now owns 1,052,133 shares in the company, valued at $925,845,476.01. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Mark A. Stevens sold 12,000 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $853.54, for a total value of $10,242,480.00. Following the completion of the sale, the director now owns 1,107,583 shares in the company, valued at $945,366,393.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Stevens sold 22,700 shares of the company’s 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 sale, the director now owns 1,052,133 shares of the company’s stock, valued at approximately $925,845,476.01. The disclosure for this sale can be found here. Insiders sold a total of 61,278 shares of company stock worth $52,689,898 over the last 90 days. 4.23% of the stock is owned by insiders.

NVIDIA Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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