NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Laffer Tengler Investments Inc.

Laffer Tengler Investments Inc. boosted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 26.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 35,004 shares of the computer hardware maker’s stock after acquiring an additional 7,217 shares during the quarter. Laffer Tengler Investments Inc.’s holdings in NVIDIA were worth $4,701,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Tacita Capital Inc acquired a new stake in NVIDIA during the 4th quarter worth $28,000. Legend Financial Advisors Inc. purchased a new stake in shares of NVIDIA during the 4th quarter worth $34,000. Luken Investment Analytics LLC acquired a new position in NVIDIA during the fourth quarter worth $40,000. Lowe Wealth Advisors LLC acquired a new position in NVIDIA during the fourth quarter worth about $46,000. Finally, 1620 Investment Advisors Inc. raised its position in shares of NVIDIA by 145.9% in the third quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker’s stock valued at $51,000 after buying an additional 248 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NVDA has been the topic of a number of recent research reports. Tigress Financial reaffirmed a “buy” rating on shares of NVIDIA in a research report on Wednesday, February 26th. Bank of America restated a “buy” rating and issued a $200.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Hsbc Global Res lowered NVIDIA from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 3rd. Stifel Nicolaus set a $180.00 target price on NVIDIA in a report on Wednesday, March 19th. Finally, Wedbush reaffirmed an “outperform” rating and set a $175.00 price objective on shares of NVIDIA in a research note on Thursday, February 20th. Six analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $169.01.

Insider Buying and Selling at NVIDIA

In related news, Director Robert K. Burgess sold 53,324 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the transaction, the director now owns 251,044 shares in the company, valued at $28,993,071.56. The trade was a 17.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Colette Kress sold 66,660 shares of the stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the transaction, the chief financial officer now owns 3,085,765 shares in the company, valued at $360,509,924.95. The trade was a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is currently owned by company insiders.

NVIDIA Trading Up 18.7 %

Shares of NVIDIA stock opened at $114.33 on Thursday. The company’s fifty day simple moving average is $119.29 and its 200-day simple moving average is $130.54. NVIDIA Co. has a 1 year low of $75.61 and a 1 year high of $195.95. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The company has a market cap of $2.79 trillion, a price-to-earnings ratio of 44.99, a PEG ratio of 1.76 and a beta of 1.96.

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

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 1.36%.

NVIDIA Company 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.