Wealthstreet Investment Advisors LLC bought a new position in NVIDIA Co. (NASDAQ:NVDA) in the 4th quarter, HoldingsChannel reports. The firm bought 27,970 shares of the computer hardware maker’s stock, valued at approximately $5,412,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ark Investment Management LLC lifted its stake in shares of NVIDIA by 79.5% in the second quarter. Ark Investment Management LLC now owns 126,769 shares of the computer hardware maker’s stock worth $18,326,000 after acquiring an additional 56,138 shares in the last quarter. AHL Partners LLP acquired a new position in shares of NVIDIA in the second quarter worth about $848,000. Koch Industries Inc. lifted its stake in shares of NVIDIA by 4,042.8% in the second quarter. Koch Industries Inc. now owns 241,484 shares of the computer hardware maker’s stock worth $240,000 after acquiring an additional 235,655 shares in the last quarter. Covington Capital Management lifted its stake in shares of NVIDIA by 1.4% in the second quarter. Covington Capital Management now owns 11,260 shares of the computer hardware maker’s stock worth $1,628,000 after acquiring an additional 155 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of NVIDIA by 65.7% in the second quarter. Public Employees Retirement System of Ohio now owns 401,800 shares of the computer hardware maker’s stock worth $58,084,000 after acquiring an additional 159,282 shares in the last quarter. 62.84% of the stock is owned by institutional investors.

In other news, Director Dawn E. Hudson sold 3,052 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $214.39, for a total transaction of $654,318.28. Following the completion of the transaction, the director now directly owns 28,816 shares of the company’s stock, valued at $6,177,862.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dawn E. Hudson sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $213.44, for a total value of $3,201,600.00. Following the transaction, the director now directly owns 46,868 shares of the company’s stock, valued at $10,003,505.92. The disclosure for this sale can be found here. Insiders have sold 19,858 shares of company stock valued at $4,227,384 over the last ninety days. Corporate insiders own 5.82% of the company’s stock.

Several research firms recently commented on NVDA. BidaskClub upgraded NVIDIA from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 11th. Vetr upgraded NVIDIA from a “buy” rating to a “strong-buy” rating and set a $246.84 price target on the stock in a research note on Monday. Susquehanna Bancshares reiterated a “neutral” rating and issued a $200.00 price target (up previously from $185.00) on shares of NVIDIA in a research note on Thursday. Stifel Nicolaus boosted their price target on NVIDIA from $184.00 to $220.00 and gave the stock a “hold” rating in a research note on Friday. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded NVIDIA from a “hold” rating to a “buy” rating and set a $262.00 price target on the stock in a research note on Wednesday, January 24th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. NVIDIA presently has a consensus rating of “Buy” and an average price target of $210.67.

NVIDIA Co. (NASDAQ:NVDA) opened at $232.08 on Friday. The company has a market capitalization of $140,640.00, a P/E ratio of 48.05, a PEG ratio of 4.83 and a beta of 1.43. NVIDIA Co. has a fifty-two week low of $95.17 and a fifty-two week high of $249.27. The company has a current ratio of 8.26, a quick ratio of 7.42 and a debt-to-equity ratio of 0.31.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.56. The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.67 billion. NVIDIA had a return on equity of 47.44% and a net margin of 31.36%. The business’s revenue was up 34.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.13 earnings per share. sell-side analysts predict that NVIDIA Co. will post 4.68 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 23rd will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.26%. The ex-dividend date is Thursday, February 22nd. NVIDIA’s dividend payout ratio (DPR) is presently 12.42%.

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NVIDIA Profile

Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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