Retirement Systems of Alabama boosted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 17.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 341,174 shares of the computer hardware maker’s stock after buying an additional 50,082 shares during the quarter. Retirement Systems of Alabama’s holdings in NVIDIA were worth $66,017,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Raymond James Trust N.A. grew its position in shares of NVIDIA by 1.7% in the fourth quarter. Raymond James Trust N.A. now owns 12,693 shares of the computer hardware maker’s stock valued at $2,457,000 after purchasing an additional 217 shares during the last quarter. Spectrum Management Group Inc. grew its position in shares of NVIDIA by 10.3% in the fourth quarter. Spectrum Management Group Inc. now owns 2,360 shares of the computer hardware maker’s stock valued at $457,000 after purchasing an additional 220 shares during the last quarter. First Citizens Bank & Trust Co. grew its position in shares of NVIDIA by 4.5% in the fourth quarter. First Citizens Bank & Trust Co. now owns 5,477 shares of the computer hardware maker’s stock valued at $1,060,000 after purchasing an additional 238 shares during the last quarter. V Wealth Management LLC grew its position in shares of NVIDIA by 16.4% in the fourth quarter. V Wealth Management LLC now owns 1,720 shares of the computer hardware maker’s stock valued at $380,000 after purchasing an additional 242 shares during the last quarter. Finally, Sky Investment Group LLC grew its position in shares of NVIDIA by 3.7% in the fourth quarter. Sky Investment Group LLC now owns 7,027 shares of the computer hardware maker’s stock valued at $1,360,000 after purchasing an additional 250 shares during the last quarter. 62.70% of the stock is currently owned by hedge funds and other institutional investors.

NVDA has been the topic of several research reports. Oppenheimer reaffirmed a “hold” rating on shares of NVIDIA in a research report on Sunday, November 5th. Bank of America reaffirmed a “buy” rating and issued a $275.00 target price (up previously from $251.00) on shares of NVIDIA in a research report on Friday, January 19th. B. Riley reaffirmed a “buy” rating and issued a $270.00 target price on shares of NVIDIA in a research report on Monday, January 8th. Jefferies Group upped their target price on NVIDIA from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Finally, Barclays upped their target price on NVIDIA from $200.00 to $225.00 and gave the company an “equal weight” rating in a research report on Friday, November 10th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $210.67.

Shares of NVIDIA Co. (NASDAQ:NVDA) opened at $232.63 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 7.34 and a current ratio of 8.03. NVIDIA Co. has a 12 month low of $95.17 and a 12 month high of $249.27. The firm has a market capitalization of $140,970.00, a price-to-earnings ratio of 48.16, a price-to-earnings-growth ratio of 3.71 and a beta of 1.43.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share for the quarter, topping the 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 firm had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.67 billion. During the same period in the prior year, the company earned $1.13 earnings per share. The company’s quarterly revenue was up 34.0% on a year-over-year basis. equities analysts anticipate that NVIDIA Co. will post 6 EPS for the current fiscal year.

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

In other news, CFO Colette Kress sold 171 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $185.57, for a total transaction of $31,732.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark L. Perry sold 17,307 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $227.93, for a total transaction of $3,944,784.51. Following the transaction, the director now owns 30,762 shares of the company’s stock, valued at $7,011,582.66. The disclosure for this sale can be found here. Insiders have sold 22,165 shares of company stock valued at $4,970,569 over the last 90 days. Corporate insiders own 5.17% of the company’s stock.

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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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