NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by Prossimo Advisors LLC

Prossimo Advisors LLC increased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,732 shares of the computer hardware maker’s stock after purchasing an additional 1,136 shares during the period. NVIDIA accounts for 3.9% of Prossimo Advisors LLC’s investment portfolio, making the stock its 6th largest holding. Prossimo Advisors LLC’s holdings in NVIDIA were worth $5,336,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Legend Financial Advisors Inc. purchased a new position in NVIDIA during the 4th quarter worth $34,000. Luken Investment Analytics LLC purchased a new position in NVIDIA during the 4th quarter worth $40,000. DHJJ Financial Advisors Ltd. raised its position in NVIDIA by 70.0% during the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker’s stock worth $41,000 after buying an additional 140 shares during the last quarter. Lowe Wealth Advisors LLC purchased a new position in NVIDIA during the 4th quarter worth $46,000. Finally, 1620 Investment Advisors Inc. raised its position in NVIDIA by 145.9% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker’s stock worth $51,000 after buying an additional 248 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Barclays upped their price objective on shares of NVIDIA from $160.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Truist Financial upped their price objective on shares of NVIDIA from $204.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. DA Davidson cut their price objective on shares of NVIDIA from $135.00 to $125.00 and set a “neutral” rating for the company in a research report on Thursday. DZ Bank upgraded shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. Finally, Susquehanna reiterated a “positive” rating and issued a $180.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Four 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $171.51.

NVIDIA Price Performance

NVIDIA stock opened at $117.70 on Monday. NVIDIA Co. has a 12-month low of $75.61 and a 12-month high of $153.13. The stock has a market capitalization of $2.87 trillion, a P/E ratio of 46.32, a P/E/G ratio of 1.76 and a beta of 1.77. The firm’s 50-day moving average is $126.92 and its two-hundred day moving average is $131.36. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping the consensus estimate of $0.84 by $0.05. The firm had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. Equities analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be issued 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 dividend yield of 0.03%. NVIDIA’s payout ratio is 1.36%.

Insider Transactions at NVIDIA

In other news, CFO Colette Kress sold 66,660 shares of the company’s stock in a transaction on Friday, March 21st. The stock was 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 directly owns 3,085,765 shares in the company, valued at $360,509,924.95. This represents a 2.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Aarti S. Shah sold 20,000 shares of the company’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the sale, the director now owns 53,208 shares of the company’s stock, valued at approximately $6,300,891.36. The trade was a 27.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 179,109 shares of company stock worth $22,117,015 in the last ninety days. 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.