Bill Few Associates Inc. Has $6.28 Million Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Bill Few Associates Inc. lifted its position in shares of NVIDIA Co. (NASDAQ:NVDAFree Report) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,674 shares of the computer hardware maker’s stock after acquiring an additional 255 shares during the period. NVIDIA makes up about 2.9% of Bill Few Associates Inc.’s portfolio, making the stock its 3rd largest holding. Bill Few Associates Inc.’s holdings in NVIDIA were worth $6,276,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Peoples Financial Services CORP. bought a new stake in shares of NVIDIA during the 3rd quarter worth approximately $30,000. Your Advocates Ltd. LLP bought a new position in NVIDIA in the 3rd quarter valued at approximately $30,000. Trivant Custom Portfolio Group LLC lifted its stake in NVIDIA by 44.1% in the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock valued at $43,000 after purchasing an additional 30 shares during the last quarter. Valued Wealth Advisors LLC bought a new position in NVIDIA in the 4th quarter valued at approximately $52,000. Finally, Quarry LP bought a new position in NVIDIA in the 1st quarter valued at approximately $34,000. Institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $484.62, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Mark A. Stevens sold 36,000 shares of the firm’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $546.95, for a total transaction of $19,690,200.00. Following the transaction, the director now directly owns 1,134,583 shares of the company’s stock, valued at $620,560,171.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $484.62, for a total transaction of $218,079.00. Following the transaction, the insider now directly owns 50,961 shares in the company, valued at $24,696,719.82. The disclosure for this sale can be found here. Over the last three months, insiders have sold 105,352 shares of company stock valued at $64,853,077. Corporate insiders own 3.99% of the company’s stock.

NVIDIA Stock Down 2.5 %

NVIDIA stock opened at $902.50 on Thursday. NVIDIA Co. has a 1-year low of $258.50 and a 1-year high of $974.00. The firm has a market capitalization of $2.26 trillion, a price-to-earnings ratio of 75.59, a price-to-earnings-growth ratio of 1.33 and a beta of 1.73. The firm’s fifty day moving average price is $758.96 and its two-hundred day moving average price is $569.38. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The firm had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. During the same period last year, the firm earned $0.65 earnings per share. The business’s quarterly revenue was up 265.3% compared to the same quarter last year. On average, equities research analysts predict that NVIDIA Co. will post 22.45 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Analyst Upgrades and Downgrades

NVDA has been the subject of several research reports. The Goldman Sachs Group increased their price objective on shares of NVIDIA from $875.00 to $1,000.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Morgan Stanley increased their price objective on shares of NVIDIA from $750.00 to $795.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Sanford C. Bernstein increased their price objective on shares of NVIDIA from $700.00 to $1,000.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. CICC Research initiated coverage on shares of NVIDIA in a research report on Wednesday, March 6th. They issued an “outperform” rating and a $870.00 price target for the company. Finally, TD Cowen upped their price target on shares of NVIDIA from $900.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Thursday, March 21st. Four research 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 stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $908.68.

Get Our Latest Analysis on NVDA

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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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