Sterling Financial Group Inc. Has $713,000 Position in NVIDIA Co. (NASDAQ:NVDA)

Sterling Financial Group Inc. boosted its position in NVIDIA Co. (NASDAQ:NVDAFree Report) by 3.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,439 shares of the computer hardware maker’s stock after purchasing an additional 48 shares during the period. NVIDIA accounts for about 0.4% of Sterling Financial Group Inc.’s portfolio, making the stock its 28th biggest holding. Sterling Financial Group Inc.’s holdings in NVIDIA were worth $713,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Peoples Financial Services CORP. acquired a new stake in shares of NVIDIA in the third quarter valued at about $30,000. Your Advocates Ltd. LLP acquired a new stake in shares of NVIDIA in the third quarter valued at about $30,000. Quarry LP acquired a new stake in shares of NVIDIA in the first quarter valued at about $34,000. Compass Wealth Management LLC acquired a new stake in shares of NVIDIA in the fourth quarter valued at about $39,000. Finally, Trivant Custom Portfolio Group LLC increased its stake in shares of NVIDIA by 44.1% in the third 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. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Activity at NVIDIA

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

Wall Street Analyst Weigh In

NVDA has been the subject of several recent research reports. Loop Capital initiated coverage on NVIDIA in a research note on Friday, February 16th. They issued a “buy” rating and a $1,200.00 price target for the company. KeyCorp restated an “overweight” rating and set a $1,100.00 target price on shares of NVIDIA in a research report on Tuesday, March 19th. Piper Sandler upped their target price on NVIDIA from $850.00 to $1,050.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th. Needham & Company LLC upped their target price on NVIDIA from $600.00 to $850.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Finally, Wolfe Research upped their target price on NVIDIA from $630.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Four research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $908.68.

Check Out Our Latest Stock Analysis on NVDA

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $903.56 on Friday. The stock has a market cap of $2.26 trillion, a PE ratio of 75.68, a price-to-earnings-growth ratio of 1.33 and a beta of 1.73. NVIDIA Co. has a fifty-two week low of $262.20 and a fifty-two week high of $974.00. 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 stock has a fifty day moving average of $765.80 and a 200-day moving average of $571.71.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating the consensus estimate of $4.21 by $0.95. The company had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm’s quarterly revenue was up 265.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.65 earnings per share. Equities research analysts anticipate that NVIDIA Co. will post 22.45 earnings per share for the current year.

NVIDIA Dividend Announcement

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

NVIDIA 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.

Read More

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.