Armstrong Advisory Group Inc. Grows Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Armstrong Advisory Group Inc. boosted its stake in shares of NVIDIA Co. (NASDAQ:NVDAFree Report) by 56.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,497 shares of the computer hardware maker’s stock after buying an additional 543 shares during the quarter. Armstrong Advisory Group Inc.’s holdings in NVIDIA were worth $741,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Peoples Financial Services CORP. purchased a new stake in NVIDIA during the 3rd quarter valued at $30,000. Your Advocates Ltd. LLP purchased a new stake in NVIDIA during the 3rd quarter valued at $30,000. Trivant Custom Portfolio Group LLC raised its holdings in 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 during the period. Valued Wealth Advisors LLC purchased a new stake in NVIDIA during the 4th quarter valued at $52,000. Finally, Quarry LP purchased a new stake in NVIDIA in the first quarter worth $34,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $902.50 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17. The company has a market cap of $2.26 trillion, a PE ratio of 75.59, a P/E/G ratio of 1.33 and a beta of 1.73. The business has a 50-day simple moving average of $758.96 and a two-hundred day simple moving average of $569.38. NVIDIA Co. has a fifty-two week low of $258.50 and a fifty-two week 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 earnings per share (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 firm had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $20.40 billion. During the same period last year, the business posted $0.65 earnings per share. The company’s revenue for the quarter was up 265.3% compared to the same quarter last year. As a group, equities analysts expect that NVIDIA Co. will post 22.45 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have weighed in on NVDA. Cantor Fitzgerald reiterated an “overweight” rating and issued a $900.00 target price on shares of NVIDIA in a research note on Monday, March 4th. Wolfe Research increased their target price on NVIDIA from $630.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. Loop Capital began coverage on NVIDIA in a research note on Friday, February 16th. They issued a “buy” rating and a $1,200.00 target price on the stock. Citigroup increased their target price on NVIDIA from $820.00 to $1,030.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Finally, Sanford C. Bernstein increased their target price on NVIDIA from $700.00 to $1,000.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $908.68.

View Our Latest Stock Report on NVIDIA

Insider Transactions at NVIDIA

In related news, Director Mark A. Stevens sold 35,648 shares of NVIDIA stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $542.93, for a total transaction of $19,354,368.64. Following the completion of the transaction, the director now directly owns 1,189,083 shares in the company, valued at $645,588,833.19. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Mark A. Stevens sold 35,648 shares of NVIDIA stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $542.93, for a total transaction of $19,354,368.64. Following the completion of the transaction, the director now directly owns 1,189,083 shares in the company, valued at $645,588,833.19. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Debora Shoquist sold 5,676 shares of NVIDIA stock in a transaction that occurred on Monday, January 8th. The shares were 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 disclosure for this sale can be found here. Insiders sold a total of 105,352 shares of company stock worth $64,853,077 over the last three months. 3.99% of the stock is currently owned by insiders.

About NVIDIA

(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.

Further Reading

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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