Kaizen Financial Strategies Reduces Holdings in NVIDIA Co. (NASDAQ:NVDA)

Kaizen Financial Strategies decreased its stake in shares of NVIDIA Co. (NASDAQ:NVDAFree Report) by 6.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 6,331 shares of the computer hardware maker’s stock after selling 453 shares during the quarter. NVIDIA accounts for about 2.4% of Kaizen Financial Strategies’ investment portfolio, making the stock its 10th biggest position. Kaizen Financial Strategies’ holdings in NVIDIA were worth $3,135,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in NVDA. United Bank increased its stake in NVIDIA by 28.9% in the first quarter. United Bank now owns 7,717 shares of the computer hardware maker’s stock valued at $2,106,000 after acquiring an additional 1,730 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in NVIDIA by 6.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,904,772 shares of the computer hardware maker’s stock valued at $1,065,457,000 after acquiring an additional 249,045 shares during the last quarter. MAS Advisors LLC lifted its stake in NVIDIA by 42.1% in the first quarter. MAS Advisors LLC now owns 1,967 shares of the computer hardware maker’s stock valued at $545,000 after acquiring an additional 583 shares during the last quarter. Navis Wealth Advisors LLC lifted its stake in NVIDIA by 205.3% in the first quarter. Navis Wealth Advisors LLC now owns 2,900 shares of the computer hardware maker’s stock valued at $791,000 after acquiring an additional 1,950 shares during the last quarter. Finally, Ergoteles LLC acquired a new stake in shares of NVIDIA during the 1st quarter worth about $929,000. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Up 0.1 %

NASDAQ:NVDA opened at $903.56 on Friday. The firm’s 50 day simple moving average is $778.63 and its 200 day simple moving average is $577.15. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. NVIDIA Co. has a one year low of $262.20 and a one year high of $974.00. The company has a market cap of $2.26 trillion, a PE ratio of 75.68, a P/E/G ratio of 1.30 and a beta of 1.73.

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

NVIDIA Announces Dividend

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

Insider Buying and Selling

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

Analyst Ratings Changes

NVDA has been the subject of a number of research reports. Argus raised their target price on shares of NVIDIA from $850.00 to $950.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Susquehanna raised their target price on shares of NVIDIA from $850.00 to $1,050.00 and gave the stock a “positive” rating in a research note on Tuesday, March 19th. Tigress Financial raised their target price on shares of NVIDIA from $790.00 to $985.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Stifel Nicolaus restated a “buy” rating and set a $910.00 target price on shares of NVIDIA in a research note on Wednesday, March 20th. Finally, Oppenheimer raised their price target on shares of NVIDIA from $850.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 20th. Four investment 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 company’s stock. According to MarketBeat, NVIDIA has an average rating of “Moderate Buy” and an average target price of $908.68.

View Our Latest Stock Analysis on NVIDIA

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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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