Scharf Investments LLC Increases Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Scharf Investments LLC raised its holdings in shares of NVIDIA Co. (NASDAQ:NVDAFree Report) by 3.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,604 shares of the computer hardware maker’s stock after acquiring an additional 129 shares during the quarter. Scharf Investments LLC’s holdings in NVIDIA were worth $1,785,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in NVDA. Peoples Financial Services CORP. purchased a new stake in NVIDIA in the 3rd quarter worth approximately $30,000. Your Advocates Ltd. LLP purchased a new stake in NVIDIA in the third quarter valued at approximately $30,000. Quarry LP bought a new stake in NVIDIA during the first quarter valued at approximately $34,000. Compass Wealth Management LLC purchased a new position in NVIDIA in the 4th quarter worth approximately $39,000. Finally, Trivant Custom Portfolio Group LLC raised its position in shares of NVIDIA by 44.1% during the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock valued at $43,000 after buying an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 64.79% of the company’s stock.

NVIDIA Price Performance

NASDAQ NVDA opened at $942.89 on Friday. NVIDIA Co. has a one year low of $258.50 and a one year high of $974.00. The stock has a 50-day moving average of $743.67 and a 200 day moving average of $561.46. The company has a market capitalization of $2.36 trillion, a price-to-earnings ratio of 78.97, a PEG ratio of 1.36 and a beta of 1.73. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its quarterly earnings data 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. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The company had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. During the same period last year, the company earned $0.65 EPS. NVIDIA’s revenue for the quarter was up 265.3% on a year-over-year basis. On average, sell-side analysts forecast that NVIDIA Co. will post 22.4 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th will be given a $0.04 dividend. The ex-dividend date is Tuesday, March 5th. This represents a $0.16 annualized dividend and a yield of 0.02%. NVIDIA’s payout ratio is 1.34%.

Insiders Place Their Bets

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $484.62, for a total value of $218,079.00. Following the transaction, the insider now directly owns 50,961 shares of the company’s stock, valued at $24,696,719.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Debora Shoquist sold 5,676 shares of the firm’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $500.00, for a total value of $2,838,000.00. Following the transaction, the executive vice president now owns 48,360 shares of the company’s stock, valued at $24,180,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $484.62, for a total value of $218,079.00. Following the completion of the transaction, the insider now directly owns 50,961 shares in the company, valued at approximately $24,696,719.82. The disclosure for this sale can be found here. Over the last three months, insiders have sold 104,774 shares of company stock valued at $64,322,528. Insiders own 3.99% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on NVDA. Raymond James raised their price target on NVIDIA from $600.00 to $700.00 and gave the company a “strong-buy” rating in a research report on Friday, January 19th. Wedbush restated an “outperform” rating and issued a $1,000.00 target price on shares of NVIDIA in a research report on Tuesday, March 19th. UBS Group lifted their price target on shares of NVIDIA from $800.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of NVIDIA from $720.00 to $850.00 and gave the company a “hold” rating in a research note on Wednesday. Finally, Benchmark reissued a “buy” rating and issued a $1,000.00 price target on shares of NVIDIA in a research note on Wednesday. Four analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and an average price target of $908.68.

View Our Latest Analysis on NVIDIA

NVIDIA Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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