PFG Investments LLC Has $12.62 Million Stock Position in NVIDIA Co. (NASDAQ:NVDA)

PFG Investments LLC decreased its holdings in shares of NVIDIA Co. (NASDAQ:NVDAFree Report) by 1.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,489 shares of the computer hardware maker’s stock after selling 467 shares during the period. NVIDIA accounts for about 2.3% of PFG Investments LLC’s holdings, making the stock its 4th largest holding. PFG Investments LLC’s holdings in NVIDIA were worth $12,623,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Peoples Financial Services CORP. bought a new position in NVIDIA during the 3rd quarter valued at approximately $30,000. Your Advocates Ltd. LLP bought a new position in NVIDIA during the 3rd quarter valued at approximately $30,000. Quarry LP bought a new position in shares of NVIDIA in the 1st quarter worth approximately $34,000. Compass Wealth Management LLC bought a new position in shares of 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% in the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock worth $43,000 after acquiring an additional 30 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 35,648 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 1,189,083 shares of the company’s stock, valued at $645,588,833.19. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other NVIDIA news, Director John Dabiri sold 128 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $940.00, for a total transaction of $120,320.00. Following the sale, the director now directly owns 2,055 shares of the company’s stock, valued at $1,931,700. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mark A. Stevens sold 35,648 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $542.93, for a total value of $19,354,368.64. Following the sale, the director now directly owns 1,189,083 shares in the company, valued at $645,588,833.19. The disclosure for this sale can be found here. Insiders have sold a total of 105,352 shares of company stock valued at $64,853,077 over the last ninety days. 3.99% of the stock is currently owned by company insiders.

NVIDIA Price Performance

NASDAQ NVDA opened at $903.56 on Friday. The company has a market capitalization of $2.26 trillion, a PE ratio of 75.68, a price-to-earnings-growth ratio of 1.30 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. The business’s fifty day moving average is $772.45 and its 200 day moving average is $574.01. NVIDIA Co. has a fifty-two week low of $262.20 and a fifty-two week high of $974.00.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its 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 for the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. NVIDIA’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. Sell-side analysts predict that NVIDIA Co. will post 22.45 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NVDA. HSBC increased their target price on NVIDIA from $880.00 to $1,050.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Oppenheimer increased their target price on NVIDIA from $850.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 20th. Rosenblatt Securities reissued a “buy” rating and issued a $1,100.00 target price on shares of NVIDIA in a research report on Tuesday, February 20th. Raymond James increased their target price on NVIDIA from $600.00 to $700.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 19th. Finally, Morgan Stanley increased their target price on NVIDIA from $750.00 to $795.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Four 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $908.68.

Check Out Our Latest Report on NVIDIA

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.

Read More

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Co. (NASDAQ:NVDAFree Report).

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.