Madrona Financial Services LLC Has $462,000 Stake in NVIDIA Co. (NASDAQ:NVDA)

Madrona Financial Services LLC lifted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 9.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 933 shares of the computer hardware maker’s stock after acquiring an additional 80 shares during the period. Madrona Financial Services LLC’s holdings in NVIDIA were worth $462,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Fiduciary Planning LLC acquired a new position in NVIDIA during the fourth quarter valued at approximately $511,000. Confluence Wealth Services Inc. grew its holdings in NVIDIA by 6.3% during the fourth quarter. Confluence Wealth Services Inc. now owns 5,336 shares of the computer hardware maker’s stock valued at $2,642,000 after purchasing an additional 315 shares during the period. Altus Wealth Management LLC grew its holdings in NVIDIA by 34.0% during the fourth quarter. Altus Wealth Management LLC now owns 811 shares of the computer hardware maker’s stock valued at $401,000 after purchasing an additional 206 shares during the period. International Assets Investment Management LLC grew its holdings in 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 valued at $16,867,000 after purchasing an additional 2,893 shares during the period. Finally, LA Financiere DE L Echiquier grew its holdings in 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 valued at $129,813,000 after purchasing an additional 50,381 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Up 1.6 %

NVDA stock opened at $874.15 on Wednesday. The stock has a market capitalization of $2.19 trillion, a P/E ratio of 73.21, a price-to-earnings-growth ratio of 1.27 and a beta of 1.73. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. NVIDIA Co. has a 12 month low of $262.25 and a 12 month high of $974.00. The firm has a 50-day moving average price of $838.10 and a 200-day moving average price of $616.90.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.21 by $0.95. The business had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The firm’s quarterly revenue was up 265.3% on a year-over-year basis. During the same quarter last year, the business earned $0.65 EPS. As a group, equities 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. Investors of record on Wednesday, March 6th were issued a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. NVIDIA’s dividend payout ratio (DPR) is presently 1.34%.

Insider Activity 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 value of $4,003,700.00. Following the completion of the transaction, the director now owns 1,119,583 shares in the company, valued at approximately $896,494,891.42. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other NVIDIA 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 completion of the transaction, the director now owns 1,119,583 shares in the company, valued at approximately $896,494,891.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 transaction, the director now owns 1,052,133 shares of the company’s stock, 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 worth $52,689,898 in the last quarter. 3.99% of the stock is owned by insiders.

Analyst Ratings Changes

NVDA has been the subject of a number of analyst reports. Raymond James boosted their price objective on shares of NVIDIA from $850.00 to $1,100.00 and gave the company a “strong-buy” rating in a report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft upped their price target on shares of NVIDIA from $720.00 to $850.00 and gave the company a “hold” rating in a report on Wednesday, March 20th. UBS Group boosted their price objective on shares of NVIDIA from $800.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. Loop Capital started coverage on shares of NVIDIA in a research report on Friday, February 16th. They issued a “buy” rating and a $1,200.00 price objective on the stock. Finally, Argus upped their price target on shares of NVIDIA from $850.00 to $950.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $940.30.

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.