Grey Fox Wealth Advisors LLC Makes New Investment in NVIDIA Co. (NASDAQ:NVDA)

Grey Fox Wealth Advisors LLC purchased a new position in shares of NVIDIA Co. (NASDAQ:NVDAFree Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 613 shares of the computer hardware maker’s stock, valued at approximately $304,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Aprio Wealth Management LLC increased its position in shares of NVIDIA by 1.8% during the 4th quarter. Aprio Wealth Management LLC now owns 1,056 shares of the computer hardware maker’s stock valued at $523,000 after purchasing an additional 19 shares during the last quarter. North Star Investment Management Corp. increased its position in shares of NVIDIA by 0.3% during the 4th quarter. North Star Investment Management Corp. now owns 6,994 shares of the computer hardware maker’s stock valued at $3,463,000 after purchasing an additional 20 shares during the last quarter. LS Investment Advisors LLC increased its position in shares of NVIDIA by 1.0% during the 4th quarter. LS Investment Advisors LLC now owns 2,120 shares of the computer hardware maker’s stock valued at $1,050,000 after purchasing an additional 20 shares during the last quarter. PCA Investment Advisory Services Inc. increased its position in shares of NVIDIA by 2.5% during the 3rd quarter. PCA Investment Advisory Services Inc. now owns 857 shares of the computer hardware maker’s stock valued at $373,000 after purchasing an additional 21 shares during the last quarter. Finally, IMPACTfolio LLC increased its position in shares of NVIDIA by 4.1% during the 4th quarter. IMPACTfolio LLC now owns 529 shares of the computer hardware maker’s stock valued at $262,000 after purchasing an additional 21 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on NVDA shares. Sanford C. Bernstein raised their target price on NVIDIA from $700.00 to $1,000.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Loop Capital initiated coverage on NVIDIA in a research note on Friday, February 16th. They set a “buy” rating and a $1,200.00 price target for the company. Benchmark reiterated a “buy” rating and set a $1,000.00 price target on shares of NVIDIA in a research note on Wednesday, March 20th. Citigroup increased their price target 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, Wells Fargo & Company increased their price target on NVIDIA from $840.00 to $970.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. Four equities 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $908.68.

Check Out Our Latest Analysis on NVDA

Insiders Place Their Bets

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $484.62, for a total value of $218,079.00. Following the transaction, the insider now directly owns 50,961 shares of the company’s stock, valued at approximately $24,696,719.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other NVIDIA news, Director John Dabiri sold 128 shares of NVIDIA stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the transaction, the director now directly owns 2,055 shares of the company’s stock, valued at approximately $1,931,700. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $484.62, for a total value of $218,079.00. Following the completion of 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. Insiders have sold 105,352 shares of company stock valued at $64,853,077 in the last ninety days. Company insiders own 3.99% of the company’s stock.

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $903.56 on Friday. The stock has a market cap of $2.26 trillion, a price-to-earnings ratio of 75.68, a P/E/G ratio of 1.30 and a beta of 1.73. 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 Co. has a 1-year low of $262.20 and a 1-year high of $974.00. The stock’s 50-day moving average is $778.63 and its 200 day moving average is $577.15.

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 for the quarter, beating analysts’ consensus estimates of $4.21 by $0.95. The company had revenue of $22.10 billion for 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%. NVIDIA’s revenue for the quarter was up 265.3% compared to the same quarter last year. During the same period last year, the firm posted $0.65 EPS. On average, sell-side analysts anticipate 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. Investors of record on Wednesday, March 6th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.02%. NVIDIA’s dividend payout ratio is 1.34%.

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.

Featured Stories

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.