Delta Financial Group Inc. Has $1.88 Million Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Delta Financial Group Inc. grew its position in shares of NVIDIA Co. (NASDAQ:NVDAFree Report) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,804 shares of the computer hardware maker’s stock after acquiring an additional 106 shares during the quarter. NVIDIA accounts for 0.6% of Delta Financial Group Inc.’s holdings, making the stock its 29th biggest position. Delta Financial Group Inc.’s holdings in NVIDIA were worth $1,884,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Peoples Financial Services CORP. acquired a new position in NVIDIA during the 3rd quarter worth approximately $30,000. Your Advocates Ltd. LLP acquired a new stake in shares of NVIDIA in the 3rd quarter valued at approximately $30,000. Quarry LP acquired a new stake in shares of NVIDIA in the 1st quarter valued at approximately $34,000. Compass Wealth Management LLC acquired a new stake in shares of NVIDIA in the 4th quarter valued at approximately $39,000. Finally, Trivant Custom Portfolio Group LLC boosted its holdings 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 valued at $43,000 after buying an additional 30 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In related news, Director Mark A. Stevens sold 36,000 shares of the firm’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $546.95, for a total value of $19,690,200.00. Following the sale, 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 is accessible through this link. In related news, Director Mark A. Stevens sold 36,000 shares of the firm’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $546.95, for a total value of $19,690,200.00. Following the sale, 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 is accessible through this link. 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 completion of 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 116,352 shares of company stock valued at $74,815,227 over the last ninety days. 3.99% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

NVDA has been the subject of several recent analyst reports. Morgan Stanley increased their price objective on NVIDIA from $750.00 to $795.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. Deutsche Bank Aktiengesellschaft increased their price objective on NVIDIA from $720.00 to $850.00 and gave the company a “hold” rating in a report on Wednesday, March 20th. Raymond James increased their price objective on NVIDIA from $600.00 to $700.00 and gave the company a “strong-buy” rating in a report on Friday, January 19th. Bank of America increased their price objective on NVIDIA from $925.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Finally, CICC Research began coverage on NVIDIA in a research note on Wednesday, March 6th. They issued an “outperform” rating and a $870.00 price target on the stock. Four investment 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 MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and a consensus price target of $908.68.

Get Our Latest Stock Analysis on NVDA

NVIDIA Stock Down 1.0 %

Shares of NASDAQ NVDA opened at $894.52 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17. NVIDIA Co. has a 52 week low of $262.20 and a 52 week high of $974.00. The stock has a market capitalization of $2.24 trillion, a P/E ratio of 74.92, a PEG ratio of 1.30 and a beta of 1.73. The stock’s fifty day moving average is $784.77 and its 200 day moving average is $582.07.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The company had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.40 billion. During the same quarter last year, the business earned $0.65 earnings per share. NVIDIA’s revenue was up 265.3% on a year-over-year basis. Sell-side analysts forecast that NVIDIA Co. will post 22.45 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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 $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.02%. The ex-dividend date of this dividend was Tuesday, March 5th. NVIDIA’s dividend payout ratio (DPR) is presently 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.

Further Reading

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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