Fulcrum Equity Management Acquires Shares of 528 NVIDIA Co. (NASDAQ:NVDA)

Fulcrum Equity Management acquired a new stake in shares of NVIDIA Co. (NASDAQ:NVDAFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 528 shares of the computer hardware maker’s stock, valued at approximately $261,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NVDA. Moody Lynn & Lieberson LLC raised its position in shares of NVIDIA by 7.2% in the 3rd quarter. Moody Lynn & Lieberson LLC now owns 89,053 shares of the computer hardware maker’s stock worth $38,737,000 after purchasing an additional 5,998 shares during the last quarter. TrueMark Investments LLC purchased a new position in NVIDIA in the 4th quarter worth approximately $2,639,000. McLean Asset Management Corp raised its holdings in shares of NVIDIA by 11.7% during the 4th quarter. McLean Asset Management Corp now owns 1,773 shares of the computer hardware maker’s stock worth $871,000 after acquiring an additional 186 shares in the last quarter. Shilanski & Associates Inc. raised its holdings in NVIDIA by 15.9% during the 4th quarter. Shilanski & Associates Inc. now owns 2,983 shares of the computer hardware maker’s stock valued at $1,477,000 after buying an additional 410 shares during the period. Finally, WealthPLAN Partners LLC grew its position in NVIDIA by 14.3% in the 4th quarter. WealthPLAN Partners LLC now owns 7,938 shares of the computer hardware maker’s stock valued at $3,931,000 after acquiring an additional 996 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insiders Place Their Bets

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $484.62, for a total transaction of $218,079.00. Following the completion of the transaction, the insider now owns 50,961 shares in the company, valued at $24,696,719.82. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Donald F. Robertson, Jr. sold 450 shares of the firm’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 transaction of $218,079.00. Following the completion of the sale, the insider now owns 50,961 shares of the company’s stock, valued at $24,696,719.82. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John Dabiri sold 128 shares of the firm’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 sale, the director now directly owns 2,055 shares of the company’s stock, valued at approximately $1,931,700. The disclosure for this sale can be found here. Insiders sold a total of 116,352 shares of company stock worth $74,815,227 over the last quarter. Company insiders own 3.99% of the company’s stock.

Wall Street Analysts Forecast Growth

NVDA has been the topic of a number of recent research reports. Raymond James raised their price objective on NVIDIA from $600.00 to $700.00 and gave the company a “strong-buy” rating in a research report on Friday, January 19th. Morgan Stanley raised their price objective on NVIDIA from $750.00 to $795.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. Wedbush reiterated an “outperform” rating and issued a $1,000.00 price target on shares of NVIDIA in a research note on Tuesday, March 19th. Piper Sandler raised their price objective on NVIDIA from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. Finally, CICC Research initiated coverage on NVIDIA in a report on Wednesday, March 6th. They issued an “outperform” rating and a $870.00 price objective on the stock. Four research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and a consensus target price of $908.68.

View Our Latest Stock Report on NVIDIA

NVIDIA Stock Performance

NVDA opened at $894.52 on Wednesday. NVIDIA Co. has a 1-year low of $262.20 and a 1-year high of $974.00. The business has a 50 day moving average price of $784.77 and a two-hundred day moving average price of $582.07. The company has a market capitalization of $2.24 trillion, a price-to-earnings ratio of 74.92, 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 current ratio of 4.17 and a quick ratio of 3.67.

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. The firm had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The business’s quarterly revenue was up 265.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.65 earnings per share. Research analysts predict that NVIDIA Co. will post 22.45 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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