Confluence Wealth Services Inc. Grows Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Confluence Wealth Services Inc. grew its holdings in NVIDIA Co. (NASDAQ:NVDA) by 6.3% during the fourth quarter, HoldingsChannel reports. The firm owned 5,336 shares of the computer hardware maker’s stock after acquiring an additional 315 shares during the period. Confluence Wealth Services Inc.’s holdings in NVIDIA were worth $2,642,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Altus Wealth Management LLC grew its stake in shares of NVIDIA by 34.0% during the fourth quarter. Altus Wealth Management LLC now owns 811 shares of the computer hardware maker’s stock worth $401,000 after purchasing an additional 206 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of NVIDIA by 9.3% during the fourth quarter. International Assets Investment Management LLC now owns 34,059 shares of the computer hardware maker’s stock worth $16,867,000 after purchasing an additional 2,893 shares in the last quarter. LA Financiere DE L Echiquier grew its stake in shares of NVIDIA by 23.8% during the fourth quarter. LA Financiere DE L Echiquier now owns 262,132 shares of the computer hardware maker’s stock worth $129,813,000 after purchasing an additional 50,381 shares in the last quarter. Trivant Custom Portfolio Group LLC grew its stake in shares of NVIDIA by 7,743.9% during the fourth quarter. Trivant Custom Portfolio Group LLC now owns 7,687 shares of the computer hardware maker’s stock worth $3,806,000 after purchasing an additional 7,589 shares in the last quarter. Finally, Instrumental Wealth LLC grew its stake in shares of NVIDIA by 5.5% during the fourth quarter. Instrumental Wealth LLC now owns 799 shares of the computer hardware maker’s stock worth $396,000 after purchasing an additional 42 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NVIDIA

In related news, Director Mark A. Stevens sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the sale, the director now owns 1,119,583 shares in the company, valued at $896,494,891.42. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Mark A. Stevens sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the sale, the director now owns 1,119,583 shares in the company, valued at $896,494,891.42. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 22,700 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the sale, the director now owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The disclosure for this sale can be found here. Insiders sold a total of 61,278 shares of company stock valued at $52,689,898 in the last ninety days. Corporate insiders own 3.99% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on NVDA. Cantor Fitzgerald restated an “overweight” rating and issued a $900.00 price objective on shares of NVIDIA in a research note on Monday, March 4th. Tigress Financial upped their price objective on shares of NVIDIA from $790.00 to $985.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Citigroup upped their price objective on shares of NVIDIA from $820.00 to $1,030.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Susquehanna restated a “positive” rating and issued a $1,050.00 price objective on shares of NVIDIA in a research note on Thursday, April 4th. Finally, Sanford C. Bernstein upped their price objective on shares of NVIDIA from $700.00 to $1,000.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Four equities research 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $926.30.

NVIDIA Trading Down 2.5 %

Shares of NVIDIA stock opened at $860.01 on Tuesday. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average of $834.27 and a two-hundred day moving average of $613.81. NVIDIA Co. has a 12-month low of $262.25 and a 12-month high of $974.00. The stock has a market cap of $2.15 trillion, a PE ratio of 72.03, a price-to-earnings-growth ratio of 1.27 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $20.40 billion. During the same period last year, the company posted $0.65 EPS. The company’s revenue was up 265.3% on a year-over-year basis. On average, research analysts anticipate that NVIDIA Co. will post 22.45 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were paid 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 (DPR) is 1.34%.

NVIDIA Company Profile

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.