NVIDIA Co. (NASDAQ:NVDA) Stake Increased by Atwood & Palmer Inc.

Atwood & Palmer Inc. increased its holdings in shares of NVIDIA Co. (NASDAQ:NVDAFree Report) by 12.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,205 shares of the computer hardware maker’s stock after buying an additional 137 shares during the quarter. Atwood & Palmer Inc.’s holdings in NVIDIA were worth $597,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Peoples Financial Services CORP. purchased a new position in shares of NVIDIA during the 3rd quarter valued at $30,000. Your Advocates Ltd. LLP purchased a new position in NVIDIA in the third quarter valued at about $30,000. Trivant Custom Portfolio Group LLC raised its stake 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 worth $43,000 after purchasing an additional 30 shares in the last quarter. Valued Wealth Advisors LLC acquired a new stake in shares of NVIDIA during the 4th quarter valued at about $52,000. Finally, Quarry LP bought a new stake in shares of NVIDIA in the 1st quarter valued at approximately $34,000. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Price Performance

NVDA opened at $950.02 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. The stock has a market capitalization of $2.38 trillion, a P/E ratio of 79.57, a price-to-earnings-growth ratio of 1.36 and a beta of 1.73. The company’s 50 day simple moving average is $743.67 and its 200-day simple moving average is $562.64. NVIDIA Co. has a one year low of $258.50 and a one year high of $974.00.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, beating analysts’ consensus estimates of $4.21 by $0.95. The firm had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The business’s quarterly revenue was up 265.3% compared to the same quarter last year. During the same period last year, the company earned $0.65 EPS. Sell-side analysts anticipate that NVIDIA Co. will post 22.4 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Insider Buying and Selling at NVIDIA

In other news, Director Mark A. Stevens sold 12,000 shares of NVIDIA stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $853.54, for a total transaction of $10,242,480.00. Following the completion of the sale, the director now owns 1,107,583 shares in the company, valued at approximately $945,366,393.82. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Mark A. Stevens sold 12,000 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $853.54, for a total value of $10,242,480.00. Following the transaction, the director now owns 1,107,583 shares of the company’s stock, valued at approximately $945,366,393.82. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 5,000 shares of NVIDIA stock in a transaction on Monday, February 26th. The stock was sold at an average price of $800.74, for a total value of $4,003,700.00. Following the sale, the director now directly owns 1,119,583 shares of the company’s stock, valued at $896,494,891.42. The disclosure for this sale can be found here. In the last three months, insiders have sold 104,774 shares of company stock worth $64,322,528. Company insiders own 3.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price target on NVIDIA from $650.00 to $850.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Mizuho upped their target price on NVIDIA from $850.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Jefferies Financial Group lifted their price target on shares of NVIDIA from $610.00 to $780.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Piper Sandler Companies upped their price objective on shares of NVIDIA to $850.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. Finally, The Goldman Sachs Group lifted their target price on shares of NVIDIA from $875.00 to $1,000.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Four investment analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, NVIDIA has a consensus rating of “Moderate Buy” and an average target price of $908.68.

Read Our Latest Stock Analysis on NVDA

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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