NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by California Public Employees Retirement System

California Public Employees Retirement System grew its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 31.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,477,385 shares of the computer hardware maker’s stock after purchasing an additional 1,805,763 shares during the period. NVIDIA comprises about 2.8% of California Public Employees Retirement System’s holdings, making the stock its 3rd biggest holding. California Public Employees Retirement System owned 0.30% of NVIDIA worth $3,702,951,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Moody Lynn & Lieberson LLC lifted its holdings in shares of NVIDIA by 7.2% during the third quarter. Moody Lynn & Lieberson LLC now owns 89,053 shares of the computer hardware maker’s stock valued at $38,737,000 after purchasing an additional 5,998 shares during the last quarter. TrueMark Investments LLC purchased a new stake in shares of NVIDIA during the fourth quarter valued at $2,639,000. McLean Asset Management Corp raised its position in NVIDIA by 11.7% during the fourth quarter. McLean Asset Management Corp now owns 1,773 shares of the computer hardware maker’s stock valued at $871,000 after buying an additional 186 shares during the period. Cornercap Investment Counsel Inc. raised its position in NVIDIA by 5.7% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 3,900 shares of the computer hardware maker’s stock valued at $1,931,000 after buying an additional 209 shares during the period. Finally, Shilanski & Associates Inc. raised its position in NVIDIA by 15.9% during the fourth quarter. Shilanski & Associates Inc. now owns 2,983 shares of the computer hardware maker’s stock valued at $1,477,000 after buying an additional 410 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director John Dabiri sold 128 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $940.00, for a total transaction of $120,320.00. Following the completion of the transaction, the director now owns 2,055 shares in the company, valued at approximately $1,931,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Mark A. Stevens sold 10,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the completion of the sale, the director now directly owns 1,124,583 shares of the company’s stock, valued at approximately $896,933,663.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Dabiri sold 128 shares of the firm’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $940.00, for a total value of $120,320.00. Following the sale, the director now directly owns 2,055 shares of the company’s stock, valued at $1,931,700. The disclosure for this sale can be found here. Insiders sold 61,278 shares of company stock worth $52,689,898 in the last 90 days. 3.99% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on NVDA shares. TD Cowen upped their price target on NVIDIA from $900.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Thursday, March 21st. Craig Hallum upped their price target on NVIDIA from $700.00 to $850.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Wells Fargo & Company upped their target price on NVIDIA from $840.00 to $970.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Loop Capital started coverage on NVIDIA in a research report on Friday, February 16th. They issued a “buy” rating and a $1,200.00 target price on the stock. Finally, Wedbush reaffirmed an “outperform” rating and issued a $1,000.00 target price on shares of NVIDIA in a research report on Tuesday, March 19th. Four investment analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $941.55.

NVIDIA Price Performance

Shares of NVDA stock opened at $830.41 on Thursday. The stock has a 50 day moving average of $863.93 and a two-hundred day moving average of $644.83. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. NVIDIA Co. has a 12 month low of $272.40 and a 12 month high of $974.00. The company has a market capitalization of $2.08 trillion, a P/E ratio of 69.55, a P/E/G ratio of 1.26 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, topping the consensus estimate of $4.21 by $0.95. The business had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. NVIDIA’s revenue was up 265.3% on a year-over-year basis. During the same quarter last year, the company earned $0.65 EPS. As a group, equities analysts expect that NVIDIA Co. will post 22.55 EPS for the current year.

NVIDIA Dividend Announcement

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

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.