ERn Financial LLC Acquires 634 Shares of NVIDIA Co. (NASDAQ:NVDA)

ERn Financial LLC increased its holdings in shares of NVIDIA Co. (NASDAQ:NVDAFree Report) by 16.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,540 shares of the computer hardware maker’s stock after purchasing an additional 634 shares during the quarter. ERn Financial LLC’s holdings in NVIDIA were worth $2,248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its holdings in shares of NVIDIA by 13.3% during the fourth quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 131,633 shares of the computer hardware maker’s stock valued at $65,187,000 after purchasing an additional 15,495 shares in the last quarter. Teamwork Financial Advisors LLC lifted its holdings in NVIDIA by 18.9% in the fourth quarter. Teamwork Financial Advisors LLC now owns 27,636 shares of the computer hardware maker’s stock valued at $13,686,000 after acquiring an additional 4,393 shares during the period. Spreng Capital Management Inc. lifted its holdings in NVIDIA by 28.6% in the fourth quarter. Spreng Capital Management Inc. now owns 4,125 shares of the computer hardware maker’s stock valued at $2,043,000 after acquiring an additional 918 shares during the period. Dantai Capital Ltd lifted its holdings in NVIDIA by 10.2% in the fourth quarter. Dantai Capital Ltd now owns 7,505 shares of the computer hardware maker’s stock valued at $3,717,000 after acquiring an additional 695 shares during the period. Finally, Atlantic Union Bankshares Corp lifted its holdings in NVIDIA by 9.7% in the fourth quarter. Atlantic Union Bankshares Corp now owns 14,994 shares of the computer hardware maker’s stock valued at $7,425,000 after acquiring an additional 1,331 shares during the period. 65.27% of the stock is owned by institutional investors.

NVIDIA Stock Performance

Shares of NVDA opened at $894.52 on Wednesday. The stock has a 50-day moving average of $784.77 and a two-hundred day moving average of $582.07. NVIDIA Co. has a one year low of $262.20 and a one year 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 market cap of $2.24 trillion, a P/E ratio of 74.92, a P/E/G ratio of 1.30 and a beta of 1.73.

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. 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 revenue was up 265.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 EPS. As a group, research analysts predict that NVIDIA Co. will post 22.45 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were issued a $0.04 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. NVIDIA’s dividend payout ratio (DPR) is presently 1.34%.

Insider Activity

In other news, Director Mark A. Stevens sold 35,648 shares of the business’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $542.93, for a total value of $19,354,368.64. Following the completion of the transaction, the director now owns 1,189,083 shares of the company’s stock, valued at approximately $645,588,833.19. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Debora Shoquist sold 5,676 shares of NVIDIA stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $500.00, for a total value of $2,838,000.00. Following the completion of the transaction, the executive vice president now owns 48,360 shares in the company, valued at approximately $24,180,000. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mark A. Stevens sold 35,648 shares of NVIDIA 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 transaction, the director now owns 1,189,083 shares of the company’s stock, valued at approximately $645,588,833.19. The disclosure for this sale can be found here. Insiders sold a total of 116,352 shares of company stock valued at $74,815,227 in the last quarter. 3.99% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Raymond James increased their target price on NVIDIA from $600.00 to $700.00 and gave the company a “strong-buy” rating in a report on Friday, January 19th. Oppenheimer increased their target price on NVIDIA from $850.00 to $1,100.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. Citigroup upped their price target on NVIDIA from $820.00 to $1,030.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Tigress Financial upped their price target on NVIDIA from $790.00 to $985.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Finally, Jefferies Financial Group upped their price target on NVIDIA from $610.00 to $780.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Four analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $908.68.

Read Our Latest Report on NVIDIA

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.

See Also

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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