Cetera Advisor Networks LLC raised its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 73.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 17,086 shares of the computer hardware maker’s stock after acquiring an additional 7,222 shares during the quarter. Cetera Advisor Networks LLC’s holdings in NVIDIA were worth $3,303,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Legal & General Group Plc grew its holdings in NVIDIA by 2.8% during the third quarter. Legal & General Group Plc now owns 2,867,090 shares of the computer hardware maker’s stock valued at $512,549,000 after purchasing an additional 78,943 shares during the period. Swiss National Bank grew its holdings in NVIDIA by 0.9% during the fourth quarter. Swiss National Bank now owns 2,213,385 shares of the computer hardware maker’s stock valued at $428,290,000 after purchasing an additional 19,900 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in NVIDIA by 4.9% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,027,499 shares of the computer hardware maker’s stock valued at $392,322,000 after purchasing an additional 95,004 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in NVIDIA by 12.0% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,970,888 shares of the computer hardware maker’s stock valued at $352,336,000 after purchasing an additional 211,411 shares during the period. Finally, Swedbank grew its holdings in NVIDIA by 21.0% during the third quarter. Swedbank now owns 1,690,684 shares of the computer hardware maker’s stock valued at $302,244,000 after purchasing an additional 293,832 shares during the period. 62.70% of the stock is owned by institutional investors and hedge funds.

In other news, Director Persis Drell sold 606 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $197.07, for a total transaction of $119,424.42. Following the transaction, the director now directly owns 26,104 shares of the company’s stock, valued at $5,144,315.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Colette Kress sold 171 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $185.57, for a total value of $31,732.47. The disclosure for this sale can be found here. Insiders have sold 22,165 shares of company stock worth $4,970,569 over the last ninety days. Insiders own 5.82% of the company’s stock.

Several equities analysts have weighed in on the company. Goldman Sachs Group lowered NVIDIA from a “conviction-buy” rating to a “buy” rating and set a $281.00 price objective for the company. in a report on Thursday, February 1st. B. Riley increased their target price on NVIDIA from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Vetr downgraded NVIDIA from a “strong-buy” rating to a “buy” rating and set a $217.46 target price on the stock. in a research report on Wednesday, January 3rd. BidaskClub downgraded NVIDIA from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 5th. Finally, Bank of America increased their target price on NVIDIA from $210.00 to $251.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $210.77.

NVIDIA Co. (NVDA) opened at $241.42 on Thursday. The company has a market capitalization of $146,300.00, a price-to-earnings ratio of 49.98, a P/E/G ratio of 3.65 and a beta of 1.43. The company has a debt-to-equity ratio of 0.27, a current ratio of 8.03 and a quick ratio of 7.34. NVIDIA Co. has a 12 month low of $95.17 and a 12 month high of $249.27.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 EPS for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.56. NVIDIA had a return on equity of 45.02% and a net margin of 31.36%. The business had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.67 billion. During the same quarter in the prior year, the firm earned $1.13 earnings per share. The firm’s revenue was up 34.0% on a year-over-year basis. equities analysts forecast that NVIDIA Co. will post 6.22 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 23rd will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.25%. NVIDIA’s dividend payout ratio (DPR) is currently 12.42%.

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About NVIDIA

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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