OMNI 360 Wealth Inc. Makes New Investment in NVIDIA Co. (NASDAQ:NVDA)

OMNI 360 Wealth Inc. acquired a new position in shares of NVIDIA Co. (NASDAQ:NVDA) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 484 shares of the computer hardware maker’s stock, valued at approximately $240,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in NVIDIA by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 203,680,199 shares of the computer hardware maker’s stock worth $88,598,850,000 after purchasing an additional 2,287,471 shares during the last quarter. Northern Trust Corp grew its position in shares of NVIDIA by 3.6% in the 3rd quarter. Northern Trust Corp now owns 26,311,434 shares of the computer hardware maker’s stock worth $11,445,211,000 after acquiring an additional 910,009 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of NVIDIA by 54,019.5% in the 4th quarter. International Assets Investment Management LLC now owns 16,866,869 shares of the computer hardware maker’s stock worth $8,352,811,000 after acquiring an additional 16,835,703 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of NVIDIA by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,586,595 shares of the computer hardware maker’s stock worth $6,728,354,000 after acquiring an additional 388,851 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in shares of NVIDIA by 2.0% in the 3rd quarter. Wellington Management Group LLP now owns 10,544,759 shares of the computer hardware maker’s stock worth $4,586,865,000 after acquiring an additional 209,085 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Stock Down 0.5 %

Shares of NVIDIA stock opened at $949.50 on Thursday. The stock’s fifty day moving average is $886.29 and its 200-day moving average is $696.36. The firm has a market capitalization of $2.34 trillion, a PE ratio of 79.52, a price-to-earnings-growth ratio of 1.33 and a beta of 1.75. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. NVIDIA Co. has a 12-month low of $298.06 and a 12-month high of $974.00.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, May 22nd. The computer hardware maker reported $6.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.14 by $0.98. The company had revenue of $26.04 billion for the quarter, compared to analyst estimates of $24.59 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. NVIDIA’s revenue for the quarter was up 262.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.88 earnings per share. Equities analysts anticipate that NVIDIA Co. will post 23.18 earnings per share for the current year.

NVIDIA Increases Dividend

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

Insider Activity at NVIDIA

In related news, Director Mark A. Stevens sold 22,700 shares of the company’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 transaction, the director now directly owns 1,052,133 shares of the company’s stock, valued at $925,845,476.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Mark A. Stevens sold 5,000 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the transaction, the director now directly owns 1,119,583 shares of the company’s stock, valued at $896,494,891.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark A. Stevens sold 22,700 shares of the business’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 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. Over the last ninety days, insiders have sold 61,278 shares of company stock valued at $52,689,898. Company insiders own 4.23% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on NVDA shares. The Goldman Sachs Group lifted their target price 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. UBS Group lifted their target price on NVIDIA from $1,100.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Benchmark reiterated a “buy” rating and issued a $1,000.00 target price on shares of NVIDIA in a research report on Wednesday, March 20th. Rosenblatt Securities restated a “buy” rating and set a $1,400.00 price objective on shares of NVIDIA in a research report on Monday. Finally, Piper Sandler Companies boosted their price objective on NVIDIA to $850.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,002.18.

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.